Snowflake EVP Christian Kleinerman sells $951,070 in stock
On September 16, 2026, Christian Kleinerman, Executive Vice President of Product Management at Snowflake Inc., sold 2,986 shares of the company's common stock. The sale amounted to $951,070, executed at a price of $318.51 per share, in accordance with a pre-established Rule 10b5-1 trading plan adopted by Mr. Kleinerman on December 26, 2025.
The recent surge in Snowflake's stock price, with shares trading around $331.02, has led to intensified scrutiny of the company's valuation. In addition to the stock sale, Mr. Kleinerman disposed of 4,366 shares on September 15, 2026, to satisfy tax withholding obligations associated with the vesting of restricted stock units, with shares valued at $332.35 each, totaling $1,451,040.
After these transactions, Mr. Kleinerman still holds a total of 334,013 shares of Snowflake common stock, including shares held directly and indirectly through various LLCs and trusts. Snowflake's recent fiscal second-quarter results exceeded expectations, with 37% year-over-year growth in product revenue, prompting analysts like Freedom Broker and Truist Securities to raise their price targets for the stock.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
