Wayne Manor Trust to sell 2,000,000 Snap shares (NYSE: SNAP)
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
The Wayne Manor Revocable Trust reports a proposed sale of 2,000,000 shares of Common Stock of Snap, Inc. The sale is recorded with a sale date of 05/13/2026 on a Form 144 notice and lists the security as Common stock traded on the NYSE.
Positive
- None.
Negative
- None.
Insights
Form 144 notice records a proposed resale by an affiliated holder.
Form 144 is a regulatory notice required for certain restricted or control securities when offered for sale. This filing lists 2,000,000 shares and a transaction date of 05/13/2026, indicating a planned resale under applicable resale rules.
Timing, sale mechanics, and ultimate execution are governed by exemption criteria; subsequent broker reports or a Form 4/5 may show final disposition.
Key Figures
Shares proposed for resale: 2,000,000 shares
Security type: Common stock
Form type: Form 144
3 metrics
Shares proposed for resale
2,000,000 shares
listed with sale date <date>05/13/2026</date>
Security type
Common stock
Snap, Inc. listed on the NYSE
Form type
Form 144
Notice of proposed sale under SEC resale rules
Key Terms
Form 144, Dividend Shares, Issuer
3 terms
Form 144 regulatory
"Filer Information | Securities To Be Sold | 2,000,000"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Issuer regulatory
"Dividend Shares | Issuer | 2000000"
FAQ
What does Snap (SNAP) Form 144 filed by Wayne Manor Revocable Trust report?
It reports a proposed resale of 2,000,000 shares of Snap common stock with a listed date of 05/13/2026. The notice is a regulatory filing, not proof the sale executed; later trade reports may confirm execution.
Who is the selling holder listed on the SNAP Form 144?
The selling holder is identified as The Wayne Manor Revocable Trust, with an address shown in the excerpt. The trust is reported as the holder proposing to resell the listed Snap shares.
Does this Form 144 indicate whether Snap will receive proceeds from the sale?
Form 144 shows a resale by a holder and does not indicate the company will receive proceeds. The excerpt labels the security as Issuer/Dividend Shares but does not state any company proceeds clause.