SNAP insider files Form 144 to sell 68,705 RSU shares on NYSE

Rhea-AI Filing Summary

Snap Inc. insider sale notice: This Form 144 reports a proposed sale of 68,705 Snap Inc. common shares through Charles Schwab & Co., Inc. on 08/18/2025 on the NYSE with an aggregate market value of $493,084.00. The shares were acquired as restricted stock units from Snap Inc. and the filing lists prior sales by the same person totaling 86,297 shares sold between 05/30/2025 and 07/31/2025 for gross proceeds of $748,059.00. The notice includes the required certification that the seller does not possess undisclosed material adverse information. Several standard filer contact fields and issuer address details are not provided in the form content.

Insights

Securities Analyst

TL;DR: Routine insider sale of RSU-derived shares; transaction size is modest relative to large-cap market cap but notable for timing and cumulative recent sales.

This Form 144 documents a planned sale of 68,705 shares with market value $493,084, acquired via restricted stock units. The filing also discloses four prior sales by the same individual totaling 86,297 shares and $748,059 in gross proceeds over two months. From a trading-liquidity perspective, these are standard equity plan monetizations rather than debt-driven divestitures. The disclosure meets Rule 144 notice requirements and signals insider liquidity activity; without additional context on total beneficial ownership or company market capitalization, the market impact is likely limited.

Corporate Governance Expert

TL;DR: Compliance-focused filing showing insider is adhering to disclosure rules for planned sales of RSU shares.

The document identifies the sale method, broker, and that the shares were acquired as equity compensation, which aligns with governance best practices for transparency. The seller certifies absence of undisclosed material information, and multiple recent sales are disclosed, which may reflect routine portfolio diversification or liquidity needs. The filing lacks some issuer contact details in the provided content, but the material components required by Rule 144 are present.

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	68705	493084.00	1435682333	08/18/2025	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	08/18/2025	Restricted Stock Unit- See Remarks	Snap Inc.			68705	08/18/2025	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.	05/30/2025	24000	195540.00
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

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 Inc.'s (SNAP) Form 144 filed here report?

The filing reports a proposed sale of 68,705 common shares on 08/18/2025 through Charles Schwab with an aggregate market value of $493,084.00.

How were the shares to be sold acquired according to the filing?

The shares were acquired as restricted stock units (RSUs) from Snap Inc., with acquisition and planned sale dates listed as 08/18/2025.

Who sold Snap shares in the past three months per this filing and what were the proceeds?

The filing lists prior sales by Michael J. O'Sullivan on 05/30/2025 (24,000 shares, $195,540), 06/16/2025 (14,297 shares, $114,950), 06/30/2025 (24,000 shares, $208,978), and 07/31/2025 (24,000 shares, $229,591).

On which exchange will the planned sale occur?

The planned sale is listed to occur on the NYSE via Charles Schwab & Co., Inc.

Does the filing state the seller has undisclosed material information?

The signer represents that they do not know of any material adverse information about the issuer that has not been publicly disclosed.