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Snowflake Inc.·4

Mar 24, 8:07 PM ET

Kleinerman Christian 4

Research Summary

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Snowflake (SNOW) EVP Christian Kleinerman Receives RSUs, Sells Shares

What Happened
Christian Kleinerman, EVP of Product Management at Snowflake (SNOW), received a grant of 42,716 restricted stock units (RSUs) on March 20, 2026 (acquired at $0.00). To cover tax withholding on the vesting, 2,653 shares were withheld (1,793 shares for $314,492 and 860 shares for $150,844, both at $175.40). Separately, on March 23, 2026 he sold 2,621 shares in an open‑market transaction at $170.01 per share for $445,596 (executed under a 10b5‑1 plan). Total proceeds reported from the disposals are about $910,932. Vesting-related withholdings are routine and not open‑market sales.

Key Details

  • Transaction dates and prices:
    • 2026-03-20: RSU grant — 42,716 shares @ $0.00 (award)
    • 2026-03-20: Tax withholding — 1,793 shares @ $175.40 = $314,492 (F)
    • 2026-03-20: Tax withholding — 860 shares @ $175.40 = $150,844 (F)
    • 2026-03-23: Open-market sale — 2,621 shares @ $170.01 = $445,596 (S, executed under 10b5‑1)
  • Total shares disposed (withheld + sale): ~5,274; total proceeds ≈ $910,932.
  • Shares owned after transaction: Not specified in the filing.
  • Notable footnotes:
    • F1/F2/F3: Shares relate to RSUs that vest quarterly over four years (6.25% vesting on June 15, and each Quarterly Vest Date thereafter), subject to continued service.
    • F4: The March 23 sale was pursuant to a 10b5‑1 trading plan adopted Dec 19, 2024.
    • F5–F9: Certain shares are held in entities/trusts (LLCs and GRATs) for which Kleinerman serves in management/trustee roles.
  • Filing timeliness: Reported period 2026-03-20; Form 4 filed 2026-03-24 — filed within the two-business-day Form 4 deadline.

Context
The primary event is an RSU grant (an award), with a portion of shares withheld to satisfy tax obligations (F code transactions are tax withholdings, not open-market sales). The separate open-market sale was preplanned under a 10b5‑1 plan. These transactions are typical for executive compensation administration; they are factual disclosures and do not by themselves indicate management sentiment about the company.