Snowflake EVP Christian Kleinerman Sells Shares via Rule 10b5-1 Plan and Tax Withholding
Snowflake Inc.
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Filing Summary
**Snowflake Inc. ($SNOW) Form 4 Insider Report**
**Insider:** Christian Kleinerman (EVP, Product Management)
**Transactions Reported:**
- 2026-09-21: 1,793 shares disposed (tax withholding) @ $332.43 ($596,047)
- 2026-09-21: 860 shares disposed (tax withholding) @ $332.43 ($285,890)
- 2026-09-22: 2,622 shares sold (Rule 10b5-1) @ $344.50 ($903,279)
**Total Value:** $1,785,216
**Direct Holdings Remaining:** 328,738 shares
**Indirect Holdings:** 314,891 shares across various trusts and LLCs
Comprehensive Analysis
Insider Filing Analysis: Snowflake Inc. (NYSE: SNOW)
Executive Summary
On September 22, 2026, Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc., filed a Form 4 detailing dispositions totaling 5,275 shares of Common Stock valued at approximately $1.79 million. The transactions occurred across September 21 and September 22, 2026, consisting of shares withheld for taxes upon RSU vesting alongside an open-market sale executed under a pre-established Rule 10b5-1 plan.
Key Transaction Details
- Tax Withholding (Code F): On September 21, 2026, a total of 2,653 shares (1,793 and 860 shares in two distinct tranches) were withheld at $332.43 per share to satisfy tax obligations connected to RSU vesting, totaling $881,936.79.
- Open Market Sale (Code S): On September 22, 2026, 2,622 shares were sold at $344.50 per share, totaling $903,279.00.
- Trading Plan: The open-market sale was executed under a Rule 10b5-1 trading plan established on December 26, 2025.
Holdings and Position Context
Following these transactions:
- Direct Ownership: 328,738 shares of Common Stock (including unvested RSUs).
- Indirect Ownership: 314,891 shares held through estate planning vehicles, including:
- Kleinerman 2020 Dynasty LLC: 18,568 shares
- Kleinerman 2020 Nonexempt LLC: 11,238 shares
- 2024 GRAT: 85,085 shares
- 2025 GRAT: 100,000 shares
- 2026 GRAT: 100,000 shares
- Combined Ownership: 643,629 shares, meaning the recent disposition accounts for less than 1% of total beneficial ownership.
Market Significance
This activity is assessed as Low market significance. Over 50% of the shares disposed of were nondiscretionary tax withholdings, while the remaining discretionary sale was conducted under a Rule 10b5-1 plan set nine months prior. Kleinerman retains substantial skin in the game with well over 600,000 shares directly and indirectly controlled.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.