SNAP Form 144: 1.35M Common Shares Proposed for Sale Under Rule 144

Rhea-AI Filing Summary

Form 144 notice for Snap Inc. (SNAP) reporting a proposed Rule 144 sale of common stock. The filer seeks to sell 1,347,500 common shares with an aggregate market value of $9,914,409.85 on the NYSE, with an approximate sale date of 08/11/2025. The filing lists total shares outstanding as 1,435,682,333.

The shares were recorded as acquired on 10/01/2016 as dividend shares from the issuer. The notice reports "Nothing to Report" for securities sold in the past three months and includes the filer representation regarding absence of undisclosed material adverse information and standard Rule 10b5-1 language; the form requires a signature to certify those statements.

Positive

• Transparent disclosure of a proposed sale: 1,347,500 common shares with aggregate market value $9,914,409.85.
• No securities sold in the past three months reported, and acquisition details (dividend shares on 10/01/2016) are provided.

Negative

• None.

Insights

Securities Analyst

TL;DR Proposed sale of 1.35M SNAP common shares under Rule 144; size appears small relative to outstanding shares.

The filing explicitly reports a proposed sale of 1,347,500 shares valued at $9,914,409.85. Against the stated 1,435,682,333 shares outstanding, the position represents roughly 0.09% of outstanding stock, indicating limited direct market-supply impact from this single notice. The shares were acquired as dividend shares on 10/01/2016, and the filer reports no sales in the past three months, which supports a transparent disclosure of intent to sell under Rule 144.

Corporate Governance Expert

TL;DR Filing contains standard Rule 144 and 10b5-1 representations and a required signature attestation; no governance red flags are stated.

The notice includes the required representation that the filer lacks material nonpublic information and references Rule 10b5-1 procedure language. Acquisition details, the broker identity, and absence of recent sales are disclosed. There are no statements of enforcement, litigation, or exceptions in the text provided. Based solely on the form content, the filing appears procedurally compliant without material governance concerns disclosed.

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	1347500	9914409.85	1435682333	08/11/2025	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			1347500	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

Nothing to Report

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 report?

The Form 144 notifies a proposed sale under Rule 144 of Snap common stock: 1,347,500 shares with aggregate market value $9,914,409.85.

When is the approximate sale date listed on the filing?

The filing lists an approximate sale date of 08/11/2025 and indicates the sale is intended to occur on the NYSE.

What class of shares and how were they acquired?

The securities are common shares, acquired as dividend shares on 10/01/2016 from the issuer.

Through which broker is the sale to be executed?

The filing names Wells Fargo Clearing Services as the broker handling the proposed sale.

Has the filer sold any issuer securities in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

Does the filing address possession of material nonpublic information?

Yes. The filer represents by signing the notice that they do not know of any material adverse information about the issuer that has not been publicly disclosed.