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Snowflake Inc.·4

Mar 18, 7:26 PM ET

Kleinerman Christian 4

Research Summary

AI-generated summary

Updated

Snowflake (SNOW) EVP Christian Kleinerman Sells 6,009 Shares

What Happened
Christian Kleinerman, Executive Vice President, Product Management at Snowflake (SNOW), disposed of 6,009 shares between March 16–17, 2026. Two tax-withheld dispositions of 1,567 and 1,456 shares were recorded at $178.66 each (totaling $540,089), and an open-market sale of 2,986 shares occurred on March 17, 2026 at $175.34 per share for $523,565. Overall proceeds from these transactions were about $1.06 million. The tax-withheld actions relate to satisfying tax obligations on vested restricted stock units; the open-market sale was executed under a previously adopted 10b5-1 plan.

Key Details

  • Transaction dates & prices:
    • 2026-03-16: 1,567 shares withheld @ $178.66 = $279,960 (tax withholding)
    • 2026-03-16: 1,456 shares withheld @ $178.66 = $260,129 (tax withholding)
    • 2026-03-17: 2,986 shares sold @ $175.34 = $523,565 (open-market sale)
  • Total shares disposed: 6,009; total proceeds ≈ $1,063,654.
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Notable footnotes:
    • F1: Withheld shares satisfy tax withholding on RSU vesting (routine cashless tax-satisfaction).
    • F3: The March 17 sale was made pursuant to a 10b5-1 trading plan adopted Dec 19, 2024.
    • F2: Includes 226 shares from a Section 423 ESPP purchase on Mar 12, 2026 and shares to be issued for RSU vesting.
    • F4–F8: Some shares are held in family/estate entities and trusts (Kleinerman 2020 Dynasty LLC, other LLCs, and grantor retained annuity trusts) for which Mr. Kleinerman is manager or trustee.
  • Filing: Report filed Mar 18, 2026 for transactions on Mar 16–17 — appears timely based on provided dates.

Context

  • The two March 16 entries are routine tax-withholding dispositions tied to RSU vesting (not new purchases). The March 17 sale was a planned open-market sale under a 10b5-1 plan, which is a pre-authorized trading arrangement commonly used to avoid questions about timing.
  • Sales by executives can be routine (taxes, diversification, pre-set plans) and do not by themselves indicate company outlook; purchases typically carry more direct bullish signal for retail investors.