SNAP insider sold 155,002 shares recently; another 14,290 RSUs to be sold

Rhea-AI Filing Summary

Snap Inc. (SNAP) Form 144 discloses a proposed sale of 14,290 common shares through Charles Schwab with an aggregate market value of $107,996. The filing shows those shares were acquired as restricted stock units (equity compensation) from Snap Inc. and are planned for sale on 09/16/2025. The filer also reported prior open-market sales totaling 155,002 shares in the preceding three months for aggregate gross proceeds of approximately $1,228,460 across five transactions, indicating recent material insider liquidity activity.

Positive

• Transparent disclosure of planned sale under Rule 144 with broker and share details provided
• Sales traced to equity compensation (RSUs), indicating monetization of vested awards rather than undisclosed corporate events

Negative

• Material insider selling: 155,002 shares sold in the past three months totaling ~$1.23M, plus a proposed sale of 14,290 shares ($107,996)
• Potential dilution of insider alignment if such monetization continues, which may be perceived negatively by some investors

Insights

Financial Analyst

TL;DR: Insider equity sales appear material in size but stem from compensation vesting; impact is likely neutral to modestly negative for near-term sentiment.

The filing reports a proposed sale of 14,290 RSU-derived shares valued at $107,996 and prior sales of 155,002 shares for roughly $1.23M. These volumes represent meaningful insider liquidity but are disclosed under Rule 144 and tied to equity compensation rather than an undisclosed corporate event. Investors should note the pace of insider selling when assessing near-term ownership trends, while recognizing these transactions appear routine monetization of vested awards.

Corporate Governance Expert

TL;DR: Repeated sales by the same person raise governance questions about insider concentration and signalling; documentation appears compliant.

The filer certifies no material nonpublic information and identifies the shares as RSU-driven sales executed under Rule 144 procedures. From a governance standpoint, aggregated sales of 155,002 shares in three months plus the proposed 14,290 sale indicate meaningful insider monetization which could reduce insider ownership and potentially weaken alignment if recurring. The filing itself follows required disclosure norms.

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	14290	107996.00	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.			14290	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
MICHAEL J. O'SULLIVAN 3000 31st Street Santa Monica CA 90405	Snap Inc.	06/16/2025	14297	114950.00
MICHAEL J. O'SULLIVAN 3000 31st Street Santa Monica CA 90405	Snap Inc.	06/30/2025	24000	208978.00
MICHAEL J. O'SULLIVAN 3000 31st Street Santa Monica CA 90405	Snap Inc.	07/31/2025	24000	229591.00
MICHAEL J. O'SULLIVAN 3000 31st Street Santa Monica CA 90405	Snap Inc.	08/18/2025	68705	493084.00
MICHAEL J. O'SULLIVAN 3000 31st Street Santa Monica CA 90405	Snap Inc.	08/29/2025	24000	171857.00

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 does SNAP Form 144 disclose about upcoming insider sales?

The filing discloses a proposed sale of 14,290 common shares (RSUs) valued at $107,996, to be sold through Charles Schwab on 09/16/2025.

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

The filer reported sales of 155,002 shares across five transactions in the past three months, generating approximately $1,228,460 in gross proceeds.

Were the shares tied to compensation or purchased?

Yes. The securities to be sold on 09/16/2025 were acquired as Restricted Stock Units (equity compensation) from Snap Inc.

Which broker is handling the proposed sale in the Form 144?

The proposed sale lists Charles Schwab & Co., Inc. as the broker for the 14,290 shares.

Does the filer state possession of material nonpublic information?

By signing, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

Do the filings indicate any unusual payment arrangements for the securities?

No. The filing shows the acquisition was through equity compensation with payment marked as Equity Compensation, and no special payment arrangements are disclosed.