Form 4: Snowflake Executive Christian Kleinerman Sells 15,000 Shares

EVP of Product Management at Snowflake, Christian Kleinerman, sold 15,000 shares of Class A Common Stock on July 5, 2024, at a price of $142.98 per share.

Summary

• Christian Kleinerman, EVP of Product Management at Snowflake Inc., sold 15,000 shares of Class A Common Stock on July 5, 2024.
• The sale was executed at a price of $142.98 per share.
• Following the transaction, Kleinerman directly owns 733,773 shares, including shares to be issued in connection with the vesting of restricted stock units.
• Kleinerman also indirectly owns 58,568 shares through the Kleinerman 2020 Dynasty LLC, 75,307 shares through the Christian Kleinerman 2022 Grantor Retained Annuity Trust, and 100,000 shares through the Christian Kleinerman 2023 Grantor Retained Annuity Trust.
• The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on December 22, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock sale, which is neutral in sentiment. The sale was pre-planned under a 10b5-1 trading plan.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies and are often related to personal financial planning rather than a reflection of the company's performance.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the pre-planned nature of the sale mitigates potential concerns.

Key Dates