How is SDE, Inc. related to Zhou Ying in the Snail, Inc. Form 4?

SDE, Inc. is described as a corporation organized under California law and controlled by Zhou Ying. The 500 Class A shares reported in the Form 4 are held by SDE, Inc., so the acquisition is attributed to that entity while still counted as Zhou Ying’s indirect beneficial ownership.

Zhou Ying (SNAL) adds 500 Class A shares, reports large Class B holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Zhou Ying reported acquisition or exercise transactions in this Form 4 filing.

Snail, Inc. director and ten percent owner Zhou Ying reported an indirect grant of 500 shares of Class A Common Stock at $0.99 per share, held through SDE, Inc., a California corporation controlled by Zhou Ying. The filing also reports indirect holdings of 24,103,590 shares of Class B Common Stock held by Zhou Ying’s spouse and 4,644,990 shares of Class B Common Stock held by Amethyst Fortune Development Limited, a British Virgin Islands entity controlled by Zhou Ying. These entries show Zhou Ying’s aggregate indirect ownership across multiple entities.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Zhou Ying

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	500	$0.99	$495.00
holding	Class B Common Stock	--	--	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 500 shares (Indirect, By SDE, Inc.); Class B Common Stock — 4,644,990 shares (Indirect, By Amethyst Fortune Development Limited)

Footnotes (1)

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.9828 through $1.0098. The reporting person undertakes to provide to Snail, Inc., any security holder of Snail, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. SDE Inc. is corporation organized under the laws of California and is controlled by the reporting person. Amethyst Fortune Development Limited is an entity organized under the laws of the British Virgin Islands and is controlled by the reporting person.

Key Figures

Class A shares acquired: 500 shares Grant price: $0.99 per share Class B shares via spouse: 24,103,590 shares +2 more

5 metrics

Class A shares acquired 500 shares Indirect grant/award at $0.99 per share via SDE, Inc.

Grant price $0.99 per share Price for 500 Class A Common Stock shares acquired indirectly

Class B shares via spouse 24,103,590 shares Indirect Class B Common Stock holdings as of the reported date

Class B shares via Amethyst Fortune 4,644,990 shares Indirect Class B Common Stock held by Amethyst Fortune Development Limited

Class A shares after transaction 500 shares Total Class A Common Stock held indirectly by SDE, Inc.

Key Terms

Class A Common Stock, Class B Common Stock, indirect ownership, grant, award, or other acquisition, +1 more

5 terms

Class A Common Stock financial

"The filing reports an indirect acquisition of 500 shares of Class A Common Stock at $0.99 per share."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Class B Common Stock financial

"The filing also reports indirect holdings of 24,103,590 shares of Class B Common Stock held by Zhou Ying’s spouse."

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

indirect ownership financial

"These shares are reported as indirect ownership through a spouse or controlled entities."

grant, award, or other acquisition financial

"The 500 Class A shares are characterized as a grant, award, or other acquisition in the transaction description."

weighted average price financial

"A footnote references a weighted average price for shares sold in multiple transactions over a narrow price range."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:40 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zhou Ying

(Last)

(First)

(Middle)

C/O SNAIL, INC.

12049 JEFFERSON BOULEVARD

(Street)

CULVER CITY

CALIFORNIA

90230

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Snail, Inc. [ SNAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/18/2026		A		500	A	$0.99⁽¹⁾	500	I	By SDE, Inc.⁽²⁾
Class B Common Stock								4,644,990	I	By Amethyst Fortune Development Limited⁽³⁾
Class B Common Stock								24,103,590	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.9828 through $1.0098. The reporting person undertakes to provide to Snail, Inc., any security holder of Snail, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. SDE Inc. is corporation organized under the laws of California and is controlled by the reporting person.

3. Amethyst Fortune Development Limited is an entity organized under the laws of the British Virgin Islands and is controlled by the reporting person.

	/s/ Ying Zhou	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Zhou Ying report in Snail, Inc. (SNAL) Form 4?

Zhou Ying reported an indirect acquisition of 500 shares of Snail, Inc. Class A Common Stock at $0.99 per share. The shares are held through SDE, Inc., a California corporation controlled by Zhou Ying, and are characterized as a grant, award, or other acquisition.

How many Snail, Inc. Class B shares does Zhou Ying’s spouse hold according to this Form 4?

The filing shows Zhou Ying’s spouse indirectly holds 24,103,590 shares of Snail, Inc. Class B Common Stock. These shares are reported as indirect ownership and represent a substantial block controlled through the spouse, reinforcing Zhou Ying’s status as a ten percent owner of the company.

What is Amethyst Fortune Development Limited’s ownership in Snail, Inc. (SNAL)?

Amethyst Fortune Development Limited is reported as holding 4,644,990 shares of Snail, Inc. Class B Common Stock. The filing states this British Virgin Islands entity is controlled by Zhou Ying, so these shares are treated as part of Zhou Ying’s indirect beneficial ownership position.

Does the Snail, Inc. (SNAL) Form 4 show buying or selling in the market?

The disclosed transaction is a grant, award, or other acquisition of 500 Class A shares at $0.99, held indirectly through SDE, Inc. Other line items update indirect Class B holdings, but they are recorded as holdings rather than explicit open-market purchases or sales in this dataset.

Why is Zhou Ying considered a ten percent owner of Snail, Inc.?

Zhou Ying is identified as a ten percent owner because of large indirect holdings of Class B shares, including 24,103,590 shares held by a spouse and 4,644,990 shares held by Amethyst Fortune Development Limited. These controlled entities collectively represent more than ten percent of Snail’s equity class.