Form 4: Snowflake EVP Sells 5,000 Shares Under 10b5-1 Plan

Snowflake's EVP of Product Management, Christian Kleinerman, sold 5,000 shares of common stock for $250 per share as part of a pre-arranged trading plan.

Summary

• Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc. (SNOW), reported a sale of common stock.
• The transaction involved the disposition of 5,000 shares of Snowflake common stock.
• The sale occurred on October 8, 2025, at a price of $250 per share.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kleinerman on December 19, 2024.
• Following the transaction, Mr. Kleinerman directly beneficially owns 43,568 shares, which includes shares to be issued from restricted stock unit vesting.
• Indirect beneficial ownership includes 532,450 shares held by Kleinerman 2020 Dynasty LLC, 5,086 shares by Christian Kleinerman 2022 Grantor Retained Annuity Trust, 100,000 shares by Christian Kleinerman 2023 Grantor Retained Annuity Trust, and 100,000 shares by Christian Kleinerman 2024 Grantor Retained Annuity Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the transaction was executed under a pre-arranged 10b5-1 trading plan, which indicates a planned liquidity event rather than a reaction to new, adverse information. This mitigates any strong negative sentiment.

Negatives

• An executive selling shares, even under a 10b5-1 plan, can sometimes be perceived negatively by investors, though the pre-planned nature mitigates concerns about immediate sentiment.

Risks

• No specific risks to the company are mentioned in this Form 4 filing.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide specific insights into broader industry trends or competitive positioning beyond the fact that a key executive at a prominent cloud data platform company is managing their personal equity holdings.

Corporate Governance

Related Party Transactions

• Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager and the Reporting Person's immediate family members are the beneficiaries.
• Shares are held by the Christian Kleinerman 2022 Grantor Retained Annuity Trust dated June 24, 2022 for which the Reporting Person is the trustee.
• Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
• Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.

Stakeholder Impact

• Shareholders may note the executive's sale of shares, which could lead to questions about management's confidence, although the 10b5-1 plan typically alleviates such concerns.
• The transaction itself does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Snowflake, SNOW, Insider Trading, Form 4, Stock Sale, Christian Kleinerman, 10b5-1 Plan, Executive Compensation, Cloud Data Platform