Form 4: Snowflake EVP Sells Shares, Covers Taxes

Snowflake's EVP of Product Management, Christian Kleinerman, reported the sale of shares for tax obligations and through a pre-arranged 10b5-1 trading plan.

Summary

• Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc. (SNOW), reported two dispositions of common stock.
• On December 15, 2025, 3,033 shares were disposed of at a price of $217.93 per share. This transaction, valued at approximately $660,999.69, was to satisfy tax withholding obligations upon the vesting of restricted stock units.
• On December 16, 2025, an additional 2,975 shares were sold at $212.45 per share, totaling approximately $631,903.75. This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kleinerman on December 19, 2024.
• Following these reported transactions, Mr. Kleinerman directly beneficially owns 504,427 shares of Snowflake common stock.
• Indirect beneficial ownership includes 38,568 shares held by the Kleinerman 2020 Dynasty LLC, 5,086 shares by the Christian Kleinerman 2022 Grantor Retained Annuity Trust, 100,000 shares by the Christian Kleinerman 2023 Grantor Retained Annuity Trust, and 100,000 shares by the Christian Kleinerman 2024 Grantor Retained Annuity Trust.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including tax-related dispositions and a pre-scheduled sale under a 10b5-1 plan. These are generally neutral events and do not indicate a significant positive or negative sentiment regarding the company's prospects.

Positives

• The sale of 2,975 shares was conducted under a pre-arranged 10b5-1 trading plan, indicating a planned transaction rather than a reaction to recent market events or non-public information.

Negatives

• The disposition of shares by an executive, even for tax purposes or via a 10b5-1 plan, reduces their direct ownership stake in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Snowflake Inc.'s future performance or strategic direction.

Industry Context

This filing reports routine insider transactions and does not provide information that directly relates to broader industry trends or competitive landscape within the cloud data warehousing sector.

Stakeholder Impact

• Shareholders: The sale of a relatively small number of shares by an executive, particularly when pre-scheduled, is unlikely to have a material impact on the company's stock price or long-term shareholder value.
• Employees, Customers, Suppliers, Creditors: No direct impact from this routine insider transaction.

Key Dates

Keywords

Snowflake, SNOW, Insider Trading, Form 4, Christian Kleinerman, Stock Sale, Tax Withholding, 10b5-1 Plan, Executive Compensation