[144] Snap Inc. SEC Filing

Rhea-AI Filing Summary

Rule 144 notice for Snap Inc. (SNAP): The filing notifies a planned sale of 24,000 shares of Snap common stock through Goldman Sachs & Co. LLC, with an aggregate market value reported as $171,360 and an approximate sale date of 08/29/2025 on the NYSE. The filing lists total shares outstanding as 1,435,682,333. The securities to be sold were acquired as restricted stock units (compensation) on several dates (08/15/2024: 10,754 shares; 06/15/2024: 2,525 shares; 05/15/2022: 4,405 shares; 08/15/2020: 6,316 shares). The filing also discloses three prior sales by the same seller in the past three months: 24,000 shares on 05/30/2025, 24,000 shares on 06/30/2025, and 24,000 shares on 07/31/2025, with gross proceeds of $195,540, $208,977.60, and $229,591.20, respectively.

Positive

• Planned sale is fully disclosed with broker, quantity, price aggregate, and intended date
• Acquisition source is specified (restricted stock units/compensation) with acquisition dates and quantities
• Recent prior sales are listed with dates and gross proceeds, supporting transparency

Negative

• Multiple 24,000-share disposals in the past three months are reported (05/30/2025, 06/30/2025, 07/31/2025)
• Seller intends another sale (24,000 shares) scheduled for 08/29/2025, which continues a pattern of dispositions

Insights

Securities Analyst

TL;DR: Routine Rule 144 disclosure showing an insider/trust sale of Snap shares acquired as RSUs and multiple recent dispositions.

The notice documents a proposed sale of 24,000 Snap common shares via Goldman Sachs with the shares identified as acquired through restricted stock units issued as compensation on multiple dates. The filing includes clear historic transaction detail for the past three months showing three separate 24,000-share sales and reports gross proceeds for each. For investors, this is a standard liquidity event disclosure rather than an operational or financial development of the issuer; it provides transparency about insider-related selling activity and exact quantities/dates.

Corporate Governance Expert

TL;DR: Formal compliance with Rule 144; the filing lists acquisition sources and prior sales, meeting disclosure expectations.

The document specifies the nature of acquisition (RSUs) and ties sales to a named seller (Michael O'Sullivan Living Trust). It affirms the seller's representation about material nonpublic information. The detailed acquisition and sale history supports oversight and auditability of insider sales. This filing does not contain issuer governance changes or allegations; it is a procedural disclosure required for resale of restricted/controlled securities.

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 Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	24000	171360	1435682333	08/29/2025	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 Stock	08/15/2024	Acquired as compensation -- Restricted Stock Units	Issuer			10754	08/15/2024	Compensation
Common Stock	06/15/2024	Acquired as compensation -- Restricted Stock Units	Issuer			2525	06/15/2024	Compensation
Common Stock	05/15/2022	Acquired as compensation -- Restricted Stock Units	Issuer			4405	05/15/2022	Compensation
Common Stock	08/15/2020	Acquired as compensation -- Restricted Stock Units	Issuer			6316	08/15/2020	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
Michael O'Sullivan Living Trust dtd 03/11/2020 3000 31st Street Santa Monica CA 90405	Common Stock	07/31/2025	24000	229591.2
Michael O'Sullivan Living Trust dtd 03/11/2020 3000 31st Street Santa Monica CA 90405	Common Stock	06/30/2025	24000	208977.6
Michael O'Sullivan Living Trust dtd 03/11/2020 3000 31st Street Santa Monica CA 90405	Common Stock	05/30/2025	24000	195540

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 is being filed in the Rule 144 notice for SNAP?

The filing notifies a proposed sale of 24,000 shares of Snap common stock via Goldman Sachs & Co. LLC, with an approximate sale date of 08/29/2025.

Who is the seller named in the SN A P Form 144?

The seller is listed as Michael O'Sullivan Living Trust dtd 03/11/2020 at the address provided in the filing.

How were the securities acquired according to the filing?

The securities to be sold were acquired as restricted stock units (compensation) on multiple dates: 08/15/2024 (10,754 shares), 06/15/2024 (2,525), 05/15/2022 (4,405), and 08/15/2020 (6,316).

Did the filing disclose recent sales of SNAP shares by the same seller?

Yes. The filing lists three sales in the past three months: 05/30/2025 (24,000 shares, $195,540), 06/30/2025 (24,000 shares, $208,977.60), and 07/31/2025 (24,000 shares, $229,591.20).

What market and outstanding share information is included?

The planned sale is listed on the NYSE, with total shares outstanding reported as 1,435,682,333 and the aggregate market value of the 24,000 shares shown as $171,360.