Snowflake EVP Christian Kleinerman Sells $951K in Pre-Planned 10b5-1 Trade

Executive Summary

On September 16, 2026, Christian Kleinerman, EVP of Product Management at Snowflake Inc. ($SNOW), executed a planned open-market sale of 2,986 shares of Common Stock at a price of $318.51 per share, totaling approximately $951,071.

Additionally, on September 15, 2026, 4,366 shares were withheld (Code F) across three tranches at $332.35 per share ($1.45M total) to cover tax withholding obligations upon the vesting of restricted stock units.

Transaction Breakdown

• 10b5-1 Open Market Sale (September 16, 2026):

  • Shares Sold: 2,986
  • Average Price: $318.51
  • Gross Proceeds: $951,070.86
  • Plan Adoption Date: December 26, 2025

• Tax Withholding Dispositions (September 15, 2026):

  • Tranche 1: 1,567 shares @ $332.35
  • Tranche 2: 1,456 shares @ $332.35
  • Tranche 3: 1,343 shares @ $332.35
  • Total Tax Withheld: 4,366 shares ($1,450,700.10)

Post-Transaction Holdings

• Direct Ownership: 334,013 shares
• Indirect Ownership: 314,891 shares across various trusts and LLCs:
  • 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
• Total Beneficial Ownership: 648,904 shares

Market Impact & Significance

The transaction is rated as Low Significance due to its routine nature, adherence to an established Rule 10b5-1 trading plan adopted in December 2025, and the fact that the sale represents less than 0.5% of the insider's combined direct and indirect equity holdings.