Kleinerman Christian 4

What Happened

Christian Kleinerman, EVP of Product Management at Snowflake, reported disposals totaling 8,642 SNOW shares between March 9–10, 2026, with an aggregate proceeds of about $1,560,786. On March 9, a total of 8,092 shares were withheld to satisfy tax withholding on RSU vesting (three withholdings: 6,630; 558; 904) at $180.48 per share (line totals of $1,196,582; $100,708; $163,154). On March 10 he sold 550 shares in the open market at $182.44 for $100,342; that sale was executed under a pre-arranged 10b5-1 trading plan. These are disposals (withholdings and a sale), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-03-09: 6,630 shares @ $180.48 = $1,196,582 (withheld for taxes)
  • 2026-03-09: 558 shares @ $180.48 = $100,708 (withheld for taxes)
  • 2026-03-09: 904 shares @ $180.48 = $163,154 (withheld for taxes)
  • 2026-03-10: 550 shares sold @ $182.44 = $100,342 (open-market sale)
• Total disposed: 8,642 shares for ~$1,560,786.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Notable footnotes from the Form 4:
  • F1: shares withheld to satisfy tax withholding on RSU vesting.
  • F2: includes shares to be issued in connection with RSU vesting.
  • F3: the March 10 sale was effected pursuant to a 10b5-1 plan adopted Dec 19, 2024.
  • F4–F8: some shares are held in LLCs and grantor retained annuity trusts (Kleinerman-managed or where he is trustee) for which family members are beneficiaries.
• Filing timeliness: Reported on Form 4 filed March 11, 2026 for transactions on March 9–10; no late filing indicated.

Context

• The bulk of the activity (8,092 shares) reflects tax-withholding on vested RSUs — a routine, administrative disposition that does not by itself indicate a change in the insider’s market view.
• The 550-share sale was executed under a 10b5-1 plan, meaning it was a pre-arranged sale consistent with an established trading plan.
• For retail investors, purchases are generally more informative about insider conviction; these transactions are primarily routine withholding and a pre-planned sale.