Snowflake EVP of Product Management Sells $5.12M in Common Stock Under 10b5-1 Plan
Snowflake Inc.
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Filing Summary
# Insider Transaction Alert: Snowflake Inc. (SNOW)
**Insider:** Christian Kleinerman (EVP, Product Management)
**Transaction:** Sale of 15,000 shares @ $341.57 ($5,123,550 total value)
**Date:** 2026-10-01 | **Filing Date:** 2026-10-02
**Ownership Post-Transaction:** 313,738 direct shares (plus 314,891 indirect shares across trusts/LLCs)
**Plan:** Rule 10b5-1 pre-scheduled plan (adopted Dec 26, 2025)
Comprehensive Analysis
Executive Summary
On October 1, 2026, Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc. ($SNOW), executed an open-market sale of 15,000 shares of Common Stock at an average price of $341.57 per share, generating gross proceeds of approximately $5.12 million.
Transaction Details
- Date of Transaction: October 1, 2026
- Security: Common Stock
- Transaction Code: S (Open-market sale)
- Shares Sold: 15,000
- Price per Share: $341.57
- Gross Transaction Value: $5,123,550.00
- Rule 10b5-1 Plan: Yes, executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 26, 2025.
Holdings & Context
- Direct Ownership After Sale: 313,738 shares (including restricted stock units subject to future vesting).
- Indirect Holdings: 314,891 shares held across family LLCs and Grantor Retained Annuity Trusts (GRATs):
- 18,568 shares held by Kleinerman 2020 Dynasty LLC
- 11,238 shares held by Kleinerman 2020 Nonexempt LLC
- 85,085 shares held by Christian Kleinerman 2024 GRAT
- 100,000 shares held by Christian Kleinerman 2025 GRAT
- 100,000 shares held by Christian Kleinerman 2026 GRAT
Analysis & Significance
The sale represents a modest reduction relative to Mr. Kleinerman's total equity position (direct and indirect holdings exceed 628,000 shares remaining post-sale). Because this transaction was established months in advance via a Rule 10b5-1 trading plan, it represents pre-scheduled portfolio diversification and estate planning rather than a reaction to immediate business performance or material non-public information.
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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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