[144] Snap Inc SEC Filing

Rhea-AI Filing Summary

Form 144 filing for SNAP common stock showing proposed and recent sales by an insider/trust. The filing lists a proposed sale of 24,000 shares through Goldman Sachs with an aggregate market value of $185,040, and reports that those shares were acquired on 09/15/2024 as restricted stock units issued as compensation. The filing also discloses three sales by the same seller in the past three months totaling 72,000 shares with gross proceeds of $229,591.20, $208,977.60, and $195,540.00 on 07/31/2025, 06/30/2025, and 08/29/2025 respectively. The filing shows 1,435,682,333 shares outstanding and lists the approximate date of sale for the proposed transaction as 09/30/2025.

Insights

Financial Analyst

TL;DR: Insider sales are material for disclosure but appear routine compensation monetization, not a clear signal of company distress.

The filing documents a proposed routed sale of 24,000 SNAP shares acquired as restricted stock units on 09/15/2024, with prior sales in the past three months totaling 72,000 shares. As a percentage of the reported 1,435,682,333 outstanding shares, these transactions are immaterial to equity supply and market cap. The timing and the acquisition nature (RSUs) indicate these are likely compensation-related dispositions. For investors, the numeric scale suggests limited direct impact on share supply or valuation; however, recurring insider selling could merit monitoring alongside operational metrics.

Corporate Governance Expert

TL;DR: Filing meets Rule 144 disclosure requirements and shows the seller attests to no undisclosed material information.

The notice properly identifies the broker, share counts, acquisition date, and basis (compensation via RSUs), and includes the required representation regarding material nonpublic information. The presence of a living trust as seller is a typical ownership vehicle. From a governance perspective, the form is routine disclosure of insider transactions; it does not by itself indicate governance or compliance issues.

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	185040	1435682333	09/30/2025	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	09/15/2024	Acquired as compensation -- Restricted Stock Units	Issuer			24000	09/15/2024	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	08/29/2025	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 does SNAP's Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 24,000 shares of SNAP common stock through Goldman Sachs with an aggregate market value of $185,040, scheduled approximately for 09/30/2025.

Who acquired the shares being sold according to the Form 144?

The shares were acquired on 09/15/2024 as restricted stock units (RSUs) received as compensation from the issuer.

Has the seller disposed of SNAP shares recently?

Yes. The filing reports three sales by the Michael O'Sullivan Living Trust in the past three months totaling 72,000 shares with gross proceeds of $229,591.20, $208,977.60, and $195,540.00 on 07/31/2025, 06/30/2025, and 08/29/2025 respectively.

How large are these transactions relative to SNAP's outstanding shares?

The filing shows 1,435,682,333 shares outstanding; the proposed 24,000-share sale represents an immaterial fraction of total shares outstanding.

Does the Form 144 indicate any undisclosed material information?

By signing the notice, the person for whose account the securities are to be sold represents they do not know any material adverse information not publicly disclosed; no undisclosed material information is stated in the filing.