Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc. (NYSE:SNOW), filed a Form 4 on September 3, 2026, disclosing the sale of 25,000 shares of common stock across two transactions dated September 1 and September 3, 2026.

Key Highlights

  • First sale: 15,000 shares of common stock disposed of on September 1, 2026, at a price of $325.57 per share.
  • Second sale: 10,000 shares disposed of on September 3, 2026, at a price of $380 per share, from an indirect holding via the Kleinerman 2020 Dynasty LLC.
  • 10b5-1 plan: Both sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 26, 2025.
  • Direct holdings following transactions: 325,379 shares beneficially owned directly, which the filing notes includes shares to be issued in connection with the vesting of one or more restricted stock units.
  • Indirect holdings: Additional shares held indirectly through four Grantor Retained Annuity Trusts (2023, 2024, 2025, and 2026 GRATs) totaling 317,801 shares, plus 18,568 shares held via the Kleinerman 2020 Dynasty LLC.

Details of Kleinerman's Share Sales and Beneficial Ownership Structure

According to the filing, Christian Kleinerman, identified as EVP, Product Management at Snowflake Inc., sold 15,000 shares of common stock directly on September 1, 2026, at $325.57 per share. A second transaction on September 3, 2026, involved the sale of 10,000 shares at $380 per share from shares held indirectly through the Kleinerman 2020 Dynasty LLC, an entity for which Kleinerman serves as manager and whose beneficiaries are his immediate family members. Both transactions were coded "S" (sale) in the filing.

The filing states that both sales were effected pursuant to a 10b5-1 trading plan adopted by Kleinerman on December 26, 2025. Following the reported transactions, the filing discloses direct beneficial ownership of 325,379 shares, a figure that the filing notes includes shares to be issued upon vesting of one or more restricted stock units. Indirect holdings through the Kleinerman 2020 Dynasty LLC stand at 18,568 shares after the reported sale.

Kleinerman also holds shares indirectly as trustee of four Grantor Retained Annuity Trusts: 32,716 shares in the Christian Kleinerman 2023 GRAT (dated September 1, 2023); 85,085 shares in the 2024 GRAT (dated December 20, 2024); 100,000 shares in the 2025 GRAT (dated December 14, 2025); and 100,000 shares in the 2026 GRAT (dated May 30, 2026). No transactions in these trust-held shares were reported in this filing.

What Was Disclosed

The filing discloses two open-market sales of Snowflake common stock by EVP Christian Kleinerman totaling 25,000 shares across September 1 and September 3, 2026, both conducted under a pre-established 10b5-1 trading plan, along with a detailed breakdown of his remaining direct and indirect beneficial ownership.