SNAP insider sale notice: 1.39M shares via Wells Fargo on 08/12/2025

Rhea-AI Filing Summary

Snap Inc. filed a Form 144 reporting a proposed sale of 1,389,650 common shares through Wells Fargo Clearing Services (St. Louis) with an aggregate market value of $9,916,496.66, planned on 08/12/2025 on the NYSE. The shares were acquired as dividend shares on 10/01/2016 from the issuer and show Date of Payment: 10/01/2016.

The filing also discloses that The Captains Chest Revocable Trust sold 1,347,500 SNAP shares on 08/11/2025, producing $9,914,409.85 in gross proceeds. The form includes a seller representation about material nonpublic information but does not show a completed filer CIK, signature block details, or a stated plan adoption date.

Insights

Securities Analyst

TL;DR: Proposed sale of 1,389,650 Snap shares (~$9.92M) is disclosed; figures appear procedural with limited immediate market implication.

The filing clearly states the sale amount, aggregate market value, broker (Wells Fargo Clearing Services) and planned trade date of 08/12/2025. It also records a near-identical, executed sale by The Captains Chest Revocable Trust on 08/11/2025 generating roughly $9.91M. From a trading perspective, this is a standard Rule 144 notice documenting intended sales and recent dispositions; the document itself does not include pricing, filer CIK, or signature details that would add context about authorization or trading plans.

Corporate Governance Expert

TL;DR: Disclosure shows insider-related dispositions across consecutive days; absence of signature and plan date reduces transparency.

The Form 144 lists acquisition details (dividend shares acquired 10/01/2016) and identifies the broker and exchange. It also includes the seller's representation regarding material nonpublic information. However, the filing omits completed filer identification fields and a visible signature or explicit trading-plan adoption date, which are relevant to assessing compliance and the procedural basis for the sales under Rule 144.

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

Relationship to Issuer

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	Wells Fargo Clearing Services 1 N. Jefferson Ave. St. Louis MO 63103	1389650	9916496.66	1435682333	08/12/2025	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			1389650	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	08/11/2025	1347500	9914409.85

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

How many SNAP shares are proposed to be sold in the Form 144?

The filing shows a proposed sale of 1,389,650 common shares with an aggregate market value of $9,916,496.66.

When is the proposed sale of SNAP shares scheduled?

The proposed sale date listed is 08/12/2025 on the NYSE.

Which broker is handling the proposed SNAP sale?

The broker named is Wells Fargo Clearing Services, 1 N. Jefferson Ave., St. Louis, MO 63103.

Were any SNAP shares sold recently by the same account?

Yes. The Captains Chest Revocable Trust sold 1,347,500 SNAP shares on 08/11/2025 for gross proceeds of $9,914,409.85.

When were the shares to be sold originally acquired?

The shares were acquired as dividend shares on 10/01/2016 from the issuer, with Date of Payment: 10/01/2016.

Does the filing include a representation about material nonpublic information?

Yes. The filer represents that they do not know any material adverse nonpublic information about the issuer at the time of signing.