SNAP insider filing: 1,375,255 shares to be sold via Wells Fargo

Rhea-AI Filing Summary

Snap Inc. (SNAP) — This Form 144 reports a proposed sale of 1,375,255 common shares to be executed through Wells Fargo Clearing Services on the NYSE with an aggregate market value of $9,920,308.77 and lists total shares outstanding as 1,435,682,333. The shares to be sold were acquired as dividend shares on 10/01/2016.

The filing also discloses two recent sales by the same seller in the past three months: 1,347,500 shares sold on 08/11/2025 for $9,914,409.85 and 1,389,650 shares sold on 08/12/2025 for $9,916,496.66. The form includes the standard Rule 144 attestations and a placeholder for Rule 10b5-1 plan adoption information, but does not provide additional issuer or filer identifying details in the visible text.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice showing a proposed sale of 1,375,255 SNAP shares and recent nearby sales; appears informational.

The filing documents a proposed public sale of 1,375,255 Snap common shares through Wells Fargo on the NYSE with an aggregate market value of $9,920,308.77. It also reports two executed sales on 08/11/2025 and 08/12/2025 with gross proceeds of $9,914,409.85 and $9,916,496.66 respectively. From a market-transaction perspective this is a disclosure of insider/affiliate selling activity under Rule 144 rather than an operational or financial disclosure about the company itself. The filing provides acquisition detail (dividend shares dated 10/01/2016) and the broker name, supporting traceability of the sale.

Corporate Governance Expert

TL;DR: The document is a compliance filing that includes Rule 144 attestations and references to Rule 10b5-1 but lacks a plan adoption date.

The notice contains the statutory attestation language required by Rule 144 and a field for Rule 10b5-1 plan adoption or instruction date. The visible content does not supply a plan adoption date or additional signature details. The filing therefore fulfils the procedural disclosure of proposed insider/affiliate sales, while leaving the reader without explicit confirmation of any 10b5-1 program date in the provided text.

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	1375255	9920308.77	1435682333	08/13/2025	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			1375255	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
The Captains Chest Revocable Trust 3000 31ST STREET SANTA MONICA CA 90405	Common Shares of SNAP	08/12/2025	1389650	9916496.66

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 does the Form 144 for SNAP indicate?

The Form 144 reports a proposed sale of 1,375,255 Snap common shares via Wells Fargo on the NYSE with aggregate market value $9,920,308.77.

How many SNAP shares were sold recently by this holder?

The filing shows two recent sales: 1,347,500 shares on 08/11/2025 for $9,914,409.85 and 1,389,650 shares on 08/12/2025 for $9,916,496.66.

When and how were the shares being offered in the Form 144 acquired?

The shares to be sold were acquired as dividend shares on 10/01/2016, per the acquisition table in the filing.

Does the filing reference a Rule 10b5-1 trading plan for SNAP?

The form includes a field titled for a Rule 10b5-1 plan adoption or instruction date, but the provided text does not show a plan adoption date.

Who is the broker listed for the proposed SNAP sale?

The broker identified in the filing is Wells Fargo Clearing Services, address listed as 1 N. Jefferson Ave., St. Louis, MO 63103.