Rebecca Morrow Files Form 144 to Sell 2,501 SNAP Shares

Rhea-AI Filing Summary

Snap Inc. insider Rebecca Morrow filed a Form 144 reporting a proposed sale of 2,501 common shares to be executed on 09/16/2025 through Charles Schwab & Co., Inc. The filing states these shares were acquired the same day as Restricted Stock Units from SNAP INC. with an aggregate market value of $18,901.00. The filing lists 1,435,682,333 shares outstanding for the issuer. It also discloses two prior sales by the same seller in the past three months: 2,578 shares sold on 06/16/2025 for $20,721.00 and 10,216 shares sold on 08/18/2025 for $73,267.00. The filer affirms no undisclosed material adverse information and indicates the shares originate from equity compensation.

Positive

• Transparent disclosure of proposed sale date, broker, number of shares, and aggregate market value
• Identifies origin of shares as Restricted Stock Units and payment type as Equity Compensation
• Includes prior sales in the past three months, improving investor visibility into insider transactions
• Filer affirmation that no undisclosed material adverse information is known

Negative

• Insider selling activity: 12,794 shares sold in the last three months, which may be viewed negatively by some investors
• No 10b5-1 plan date or trading-plan details are provided in the filing, limiting clarity on pre-planned trading intentions

Insights

Securities Analyst

TL;DR Routine insider sale notice: small planned disposition from RSUs with recent prior sales; no new operational disclosures.

The Form 144 documents a proposed sale of 2,501 shares by Rebecca Morrow, stemming from restricted stock units issued by Snap Inc. The filing is procedural, providing broker details (Charles Schwab), execution date, and aggregate market value ($18,901). Prior reported disposals total 12,794 shares in the past three months, with gross proceeds of $93,988. For investors, the filing signals insider liquidity events but contains no commentary on Snap's business, financials, or material developments. Compliance affirmations are included as required.

Corporate Governance / Compliance Expert

TL;DR Disclosure meets Rule 144 form requirements; includes representation about lack of undisclosed material information.

The submission identifies the nature of acquisition as Restricted Stock Unit and the payment as Equity Compensation, which aligns with typical insider awards and subsequent Rule 144 reporting when dispositions occur. The notice contains required broker and outstanding share data and repeats the statutory affirmation regarding material adverse information. There is no indication in this filing of a 10b5-1 plan date or other trading-plan specifics. From a compliance standpoint, the form appears complete for the reported transactions.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	2501	18901.00	1435682333	09/16/2025	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	09/16/2025	Restricted Stock Unit - See Remarks	SNAP INC.			2501	09/16/2025	Equity Compensation

* 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
REBECCA MORROW 3000 31st Street Santa Monica CA 90405	SNAP INC.	06/16/2025	2578	20721.00
REBECCA MORROW 3000 31st Street Santa Monica CA 90405	SNAP INC.	08/18/2025	10216	73267.00

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the Form 144 filed for SNAP disclose about the proposed sale?

The filing reports a proposed sale of 2,501 common shares to be sold on 09/16/2025 through Charles Schwab with an aggregate market value of $18,901.00.

Who is the filer and what is the source of the shares in the SNAP Form 144?

The filer is Rebecca Morrow and the shares were acquired as Restricted Stock Units issued by SNAP INC., with payment described as Equity Compensation.

How many SNAP shares did the filer sell in the past three months?

The filer sold 2,578 shares on 06/16/2025 and 10,216 shares on 08/18/2025, totaling 12,794 shares for gross proceeds of $93,988.00.

Does the Form 144 disclose any undisclosed material information about Snap's operations?

The filer represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.

What issuer-level data is provided in the filing?

The filing lists the issuer as SNAP INC. and reports 1,435,682,333 shares outstanding.