Snowflake Officer Christian Kleinerman Files Form 144 to Sell $3.06M in Common Stock
Snowflake Inc.
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Filing Summary
Form 144 Filing Notice: Snowflake Inc. ($SNOW)
Insider: Christian Kleinerman (Officer) Proposed Sale: 10,000 shares of Common Stock Estimated Value: $3,060,100.00 (~$306.01/share) Broker: Fidelity Brokerage Services LLC Plan Adoption Date: 12/26/2025 (Rule 10b5-1) Significance: Low (Pre-scheduled 10b5-1 plan divestment)
Comprehensive Analysis
Executive Summary
On November 2, 2026, Christian Kleinerman, an Officer of Snowflake Inc. (NYSE: SNOW), filed a Form 144 notice proposing the sale of 10,000 shares of common stock with an aggregate market value of approximately $3.06 million (implied price of $306.01 per share). The shares were originally acquired as founder/compensatory shares on December 15, 2017.
Transaction & Plan Details
- Security: Common Stock
- Shares to be Sold: 10,000 shares
- Aggregate Market Value: $3,060,100.00
- Trading Venue & Broker: NYSE via Fidelity Brokerage Services LLC
- Rule 10b5-1 Plan: The sale is being executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 26, 2025.
Prior Sales Context
During the prior three months, the reporting person and associated entities (Kleinerman 2020 Dynasty LLC) have engaged in recurring programmatic sales under their trading schedule, disposing of over 88,000 shares for gross proceeds exceeding $28 million across August, September, and October 2026.
Market Impact & Significance
The proposed sale of 10,000 shares represents less than 0.01% of Snowflake's 352,800,000 shares outstanding. Because this disposition is modest relative to total shares outstanding and executed pursuant to a longstanding 10b5-1 plan, it presents low overall market signaling significance.
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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.
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