Welcome to our dedicated page for Snail SEC filings (Ticker: SNAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Snail, Inc. filings document a public interactive entertainment company with game publishing, development and licensing activities centered on Snail Games USA. Its regulatory disclosures include financial results, registration statements, securities offerings, executive compensation arrangements, annual proxy matters and Nasdaq continued-listing compliance notices.
Material-event reports describe agreements tied to the ARK franchise, including the exclusive worldwide license for ARK: Survival Evolved and ARK: Survival Ascended, as well as financing arrangements involving convertible securities. Proxy filings cover board elections, auditor ratification and stockholder meeting procedures, while offering and periodic disclosures address capital structure, related-party arrangements, risk factors and corporate governance.
Snail, Inc. (Nasdaq: SNAL) filed a Form 8-K covering two governance-related matters:
1. Director equity compensation. On 20 June 2025 the Board granted time-based restricted stock units (RSUs) to the company’s three independent, non-employee directors under the 2022 Omnibus Incentive Plan at a fair-market value of $1.35 per share. Neil Foster and Sandra Pundmann each received 133,332 RSUs, while Ryan Jamieson received 71,110 RSUs. For each director, RSUs covering fiscal-year 2023 and 2024 service vest immediately; RSUs tied to service beginning on the date of the 2025 annual meeting vest quarterly over one year. The awards align with the company’s existing non-employee director compensation policy, which targets annual equity grants valued at US $60,000.
2. 2025 Annual Meeting voting results (19 June 2025). A quorum representing 93.3 % of outstanding voting power was present. Shareholders:
- Elected all eight director nominees (votes FOR ≈ 287.6 million; WITHHELD ≤ 69.5 thousand; negligible broker non-votes).
- Ratified BDO USA, P.C. as independent registered public accounting firm for FY 2025 (FOR = 293,456,497; AGAINST = 9,575; ABSTAIN = 1,160).
No other proposals were presented, and no resignations or leadership changes were disclosed. The filing contains no financial performance data or strategic transactions.
Director Neil Foster received multiple restricted stock unit (RSU) grants from Snail on June 20, 2025, totaling 133,332 RSUs valued at $180,000 based on the closing price of $1.35 per share. The grants were structured as follows:
- 44,444 RSUs for FY2023 board service - immediately vested upon agreement execution
- 44,444 RSUs for FY2024 board service - immediately vested upon agreement execution
- 44,444 RSUs for 2025 Annual Meeting service - vesting quarterly over one year
All grants were made under Snail's 2022 Omnibus Incentive Plan and approved by both the Compensation Committee and Board. The transactions are exempt under Rule 16b-3 of the Securities Exchange Act. Following these grants, Foster directly owns 145,332 shares of Snail Class A common stock.
Director Sandra Pundmann of Snail received multiple restricted stock unit (RSU) grants on June 20, 2025, totaling 133,332 RSUs valued at $180,000 based on the closing price of $1.35 per share. The grants were structured as follows:
- 44,444 RSUs for Fiscal 2023 Board service - immediately vested
- 44,444 RSUs for Fiscal 2024 Board service - immediately vested
- 44,444 RSUs for 2025 Annual Meeting service - vesting quarterly over one year
All grants were made under the company's 2022 Omnibus Incentive Plan and approved by the Compensation Committee and Board. Each RSU represents one share of Class A common stock. Following these transactions, Pundmann beneficially owns 145,332 shares directly. The grants are exempt under Rule 16b-3 of the Securities Exchange Act.
Snail (SNAL) reported insider transactions involving Director Ryan Jamieson receiving two separate RSU grants on June 20, 2025:
- First grant: 26,666 RSUs valued at $36,000 ($1.35 per share) for past Board service, vesting immediately upon agreement execution
- Second grant: 44,444 RSUs valued at $60,000 ($1.35 per share) for current Board service, vesting quarterly over one year
Following these transactions, Jamieson beneficially owns 70,144 shares from the first grant and 114,588 shares from the second grant, all held directly. The grants were approved by the Board's Compensation Committee and are exempt under Rule 16b-3 of the Exchange Act. These equity awards align with standard director compensation practices and demonstrate long-term commitment to the company's governance.