Kleinerman Christian 4
4 · Snowflake Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-20$175.40/sh−1,793$314,492→ 494,259 total - Tax Payment
Common Stock
[F1][F2]2026-03-20$175.40/sh−860$150,844→ 493,399 total - Award
Common Stock
[F3][F2]2026-03-20+42,716→ 536,115 total - Sale
Common Stock
[F4][F2]2026-03-23$170.01/sh−2,621$445,596→ 533,494 total
- 38,568(indirect: By LLC)
Common Stock
[F5] - 5,086(indirect: By LLC)
Common Stock
[F6] - 32,716(indirect: 2023 GRAT)
Common Stock
[F7] - 85,085(indirect: 2024 GRAT)
Common Stock
[F8] - 100,000(indirect: 2025 GRAT)
Common Stock
[F9]
Footnotes (9)
- [F1]Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- [F2]Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- [F3]The shares represent restricted stock units, which will vest quarterly over four years with 6.25% vesting on June 15, 2026 and on each Quarterly Vest Date thereafter, subject to the Reporting Person's continuous service through each such vesting date. Quarterly Vest Dates are each of March 15, June 15, September 15, and December 15.
- [F4]The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 19, 2024.
- [F5]Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager and the Reporting Person's immediate family members are the beneficiaries.
- [F6]Shares are held by the Kleinerman 2020 Nonexempt LLC for which the Reporting Person is the manager and the Reporting Person's immediate family members are the beneficiaries of a trust that is the sole member.
- [F7]Shares are held by the Christian Kleinerman 2023 Grantor Retained Annuity Trust dated September 1, 2023 for which the Reporting Person is the trustee.
- [F8]Shares are held by the Christian Kleinerman 2024 Grantor Retained Annuity Trust dated December 20, 2024 for which the Reporting Person is the trustee.
- [F9]Shares are held by the Christian Kleinerman 2025 Grantor Retained Annuity Trust dated December 14, 2025 for which the Reporting Person is the trustee.