Snowflake EVP Christian Kleinerman Reports Rule 10b5-1 Share Sale and Tax Withholdings

Executive Summary

On September 10, 2026, Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc. ($SNOW), filed a Form 4 detailing routine equity transactions consisting of RSU tax withholding obligations and a planned open-market sale.

Transaction Breakdown

• Open Market Sale (Code S): On September 9, 2026, Kleinerman sold 2,730 shares of Common Stock at an average price of $335.72 per share, generating gross proceeds of approximately $916,516. This transaction was executed under a pre-arranged Rule 10b5-1 trading plan established on December 26, 2025.
• Tax Withholding (Code F): On September 8, 2026, a total of 2,762 shares (in two tranches of 1,858 and 904 shares) were withheld at $337.18 per share ($931,291 aggregate value) to cover tax obligations from the vesting of restricted stock units.

Holdings Analysis

Following these transactions, Kleinerman retains substantial equity ownership in Snowflake:

• Direct Ownership: 319,887 shares (including unvested RSUs).
• Indirect Ownership: 336,369 shares held across estate planning vehicles:
  • Kleinerman 2020 Dynasty LLC: 18,568 shares
  • 2023 GRAT: 32,716 shares
  • 2024 GRAT: 85,085 shares
  • 2025 GRAT: 100,000 shares
  • 2026 GRAT: 100,000 shares

Significance

The trading significance is categorized as Low due to the pre-scheduled nature of the Rule 10b5-1 plan, routine tax withholdings, and the minor portion of total holdings liquidated (less than 1% of combined direct and indirect equity).