Captains Chest Trust plans sale of 1.26M Snap shares

The Captains Chest Revocable Trust filed a notice of proposed sales of Snap Inc. common stock.

Accepted by SEC EDGAR 12/30/2025 - 04:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

The Captains Chest Revocable Trust filed a notice of proposed sales of Snap Inc. common stock. The trust plans to sell 1,258,850 common shares of SNAP through Wells Fargo Clearing Services on or about 12/30/2025 on the NYSE, with an aggregate market value of 9,997,124.28. Snap had 1,465,208,378 common shares outstanding at the time referenced.

The shares to be sold were acquired as dividend shares from the issuer on 10/01/2016, in the same amount of 1,258,850 shares. Over the prior three months, the trust sold additional common shares of SNAP, including 1,300 shares on 12/05/2025 for gross proceeds of 10,315.00 and 1,258,600 shares on 12/08/2025 for gross proceeds of 10,000,390.42.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing related to SNAP disclose?

The filing states that The Captains Chest Revocable Trust plans to sell 1,258,850 common shares of SNAP on or about 12/30/2025 on the NYSE, with an aggregate market value of 9,997,124.28, using Wells Fargo Clearing Services as broker.

How many Snap (SNAP) shares has the seller already sold recently?

Over the past three months, The Captains Chest Revocable Trust sold SNAP common shares in two transactions: 1,300 shares on 12/05/2025 for 10,315.00 and 1,258,600 shares on 12/08/2025 for 10,000,390.42.

When and how did the seller acquire the SNAP shares to be sold?

The 1,258,850 SNAP common shares that are planned for sale were acquired on 10/01/2016 as dividend shares from the issuer, in a transaction identified in the filing as "Dividend Shares."

What is the outstanding share count for Snap mentioned in this Form 144?

The filing notes that Snap had 1,465,208,378 common shares outstanding in connection with the proposed sale by The Captains Chest Revocable Trust.

Which broker will handle the planned SNAP share sale for The Captains Chest Revocable Trust?

The proposed sale of 1,258,850 SNAP common shares will be handled by Wells Fargo Clearing Services, located at 1 N. Jefferson Ave., St. Louis, MO 63103, as disclosed in the filing.

On which exchange are the SNAP shares in this Form 144 intended to be sold?

The filing indicates that the NYSE is the securities exchange where the 1,258,850 Snap common shares are intended to be sold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001699293
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Snap Inc
SEC File Number	001-38017
Address of Issuer	3000 31ST STREET SANTA MONICA CALIFORNIA 90405
Phone	(310) 399-3339
Name of Person for Whose Account the Securities are To Be Sold	Spiegel Evan
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Wells Fargo Clearing Services 1 N. Jefferson Ave. St. Louis MO 63103	1258850	9997124.28	1465208378	12/30/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/01/2016	Dividend Shares	Issuer			1258850	10/01/2016	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
The Captains Chest Revocable Trust 3000 31st Street Santa Monica CA 90405	Common shares of SNAP	12/05/2025	1300	10315.00
The Captains Chest Revocable Trust 3000 31st Street Santa Monica CA 90405	Common shares of SNAP	12/08/2025	1258600	10000390.42

144: Remarks and Signature

Remarks	Shares sold today by The Captains Chest Revocable Trust, Evan T. Spiegel is a TTEE.
Date of Notice	12/30/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/04/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	EVAN T SPIEGEL
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)