Snap (NYSE: SNAP) officer lines up 67K-share stock sale
Rhea-AI Filing Summary
Snap Inc (SNAP) reports that officer Zachary M. Briers has notified of a proposed sale under Rule 144 of up to 67,540 shares of Snap common stock, held at Charles Schwab & Co., Inc.
The shares relate to a restricted stock lapse dated August 15, 2026 from equity compensation awards.
Positive
- None.
Negative
- None.
Key Figures
Planned shares to be sold: 67,540 shares
Shares sold on May 19, 2026: 71,745 shares
Aggregate sale price on May 19, 2026: $406,825.00
+4 more
7 metrics
Planned shares to be sold
67,540 shares
Common stock to be sold for the account of Zachary M. Briers under Rule 144
Shares sold on May 19, 2026
71,745 shares
Sale of Snap Inc common stock in the past three months
Aggregate sale price on May 19, 2026
$406,825.00
Total consideration for the May 19, 2026 sale of 71,745 shares
Shares sold on June 4, 2026
11,958 shares
Sale of Snap Inc common stock in the past three months
Aggregate sale price on June 4, 2026
$71,748.00
Total consideration for the June 4, 2026 sale of 11,958 shares
Shares sold on August 17, 2026
136,504 shares
Sale of Snap Inc common stock in the past three months
Aggregate sale price on August 17, 2026
$709,457.00
Total consideration for the August 17, 2026 sale of 136,504 shares
Key Terms
Rule 144, restricted stock lapse, equity compensation
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock lapse financial
"Common | 08/15/2026 | Restricted Stock Lapse | SNAP INC."
equity compensation financial
"08/15/2026 | Equity Compensation"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
What type of Snap (SNAP) securities are involved in this planned sale?
The planned sale involves Snap Inc common stock. The securities to be sold are identified as shares from a restricted stock lapse on August 15, 2026 that were granted as equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.