SNAP (SNAP) Filing Shows 10,216-Share RSU Sale Set for 08/18/2025
Rhea-AI Filing Summary
Form 144 filed for Snap Inc. (SNAP) reporting a proposed sale of stock acquired as equity compensation. The filer intends to sell 10,216 common shares through Charles Schwab & Co., Inc. with an aggregate market value of $73,267, listing the approximate sale date as 08/18/2025 on the NYSE. The shares were recorded as acquired on 08/18/2025 as Restricted Stock Units from SNAP Inc., with payment characterized as equity compensation. The notice also discloses a prior sale on 06/16/2025 of 2,578 shares for $20,721 by Rebecca Morrow. The filer certifies no undisclosed material adverse information and includes the standard criminal-statement warning regarding misstatements.
Positive
- Transaction details provided including broker, share count (10,216), aggregate market value ($73,267), and approximate sale date (08/18/2025).
- Acquisition method is explicit: shares were granted as Restricted Stock Units and paid via equity compensation.
- Prior related sale disclosed: 2,578 shares sold on 06/16/2025 for $20,721, improving transparency.
Negative
- None.
Insights
TL;DR: Routine insider sale of equity compensation; size is small relative to public float and likely immaterial.
This Form 144 documents a sale of 10,216 common shares by an insider or person associated with SNAP, acquired the same day as Restricted Stock Units and designated as equity compensation. The filing provides transaction specifics including broker, aggregate market value ($73,267), and an approximate sale date (08/18/2025). For investors assessing market impact, the absolute size and proceeds listed indicate a modest transaction; the filing itself contains no statements of material adverse events.
TL;DR: Form 144 appears procedurally complete and includes the required representations; disclosure aligns with Rule 144 mechanics.
The notice identifies the class, broker (Charles Schwab & Co.), number of shares, and acquisition details (RSUs from SNAP on 08/18/2025). It also lists a recent related sale (2,578 shares on 06/16/2025). The signer affirms absence of undisclosed material information and the form includes the statutory warning about false statements. No governance exceptions or compliance gaps are apparent from the text provided.