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The Wayne Manor Revocable Trust (SNAP) files to sell 2M SNAP shares after May sales

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

The Wayne Manor Revocable Trust, as a selling security holder of SNAP, has filed to potentially sell up to 2,000,000 common shares through Wells Fargo Clearing Services on or after August 5, 2026, with the shares listed on the NYSE. The filing notes these shares were originally acquired as Dividend Shares on October 1, 2016. It also reports prior sales of 2,000,000 shares on May 13, 2026 for $10,763,623.50 and another 2,000,000 shares on May 14, 2026 for $10,441,103.25.

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Planned shares to be sold 2,000,000 shares Common shares of SNAP to be sold on or after August 5, 2026
Aggregate market value of planned sale $10,989,710.29 Market value listed for 2,000,000 SNAP common shares
Shares sold May 13, 2026 2,000,000 shares Common shares of SNAP sold for $10,763,623.50
Proceeds May 13, 2026 sale $10,763,623.50 Sale by The Wayne Manor Revocable Trust
Shares sold May 14, 2026 2,000,000 shares Common Shares of SNAP sold for $10,441,103.25
Proceeds May 14, 2026 sale $10,441,103.25 Sale by The Wayne Manor Revocable Trust
Shares outstanding 1,437,047,479 shares Number of SNAP common shares outstanding referenced in issuer information
Form 144 regulatory
"144: Securities Sold During The Past 3 Months"
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.
Revocable Trust financial
"The Wayne Manor Revocable Trust 3000 31ST STREET"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Dividend Shares financial
"Common | 10/01/2016 | Dividend Shares | Issuer"
Dividend shares are additional company shares issued to shareholders as a payout instead of cash, effectively increasing the number of shares you own without a purchase. They matter to investors because they raise your ownership stake and potential future income from the stock, change how gains and income are taxed, and can signal a company’s approach to returning value — like receiving extra slices of pizza now rather than money to spend.
Common shares financial
"Common shares of SNAP | 05/13/2026"
Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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

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FAQ

What does SNAP’s Form 144 filing by The Wayne Manor Revocable Trust disclose?
The filing discloses that The Wayne Manor Revocable Trust may sell up to 2,000,000 SNAP common shares through Wells Fargo Clearing Services starting on or after August 5, 2026, with the shares traded on the NYSE.

How many SNAP (SNAP) shares has The Wayne Manor Revocable Trust already sold?
The trust reports selling 2,000,000 SNAP common shares on May 13, 2026 for $10,763,623.50 and another 2,000,000 shares on May 14, 2026 for $10,441,103.25 during the past three months.

What is the size and value of the SNAP (SNAP) shares proposed for sale?
The proposed sale covers 2,000,000 SNAP common shares, with an aggregate market value listed as $10,989,710.29 in the Form 144, based on the issuer information provided for this planned transaction.

On which exchange are the SNAP (SNAP) shares in this Form 144 listed?
The common shares referenced in the Form 144 are listed on the NYSE. The filing identifies the security as Common stock of SNAP, to be sold via Wells Fargo Clearing Services on or after August 5, 2026.

When were the SNAP (SNAP) shares in this Form 144 originally acquired?
The shares are described as Dividend Shares acquired on October 1, 2016. This acquisition date and characterization are disclosed in the Form 144 section covering the nature and date of acquisition of the securities.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR