Snap Inc. Rule 144 Notice — 116,459 Shares via Charles Schwab
Rhea-AI Filing Summary
Form 144 filed for Snap Inc. (SNAP): The notice reports a proposed sale of 116,459 shares of common stock through Charles Schwab & Co., Inc., with an aggregate market value of $835,711.00. The shares are listed as outstanding 1,435,682,333 and the approximate sale date is 08/18/2025 on the NYSE. The acquisition is reported as Restricted Stock Unit compensation granted by Snap Inc., with acquisition and payment dates both listed as 08/18/2025 and the nature of payment as Equity Compensation. The filing does not identify the person on whose account the securities will be sold; that field is not provided in the content.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider sale notice for 116,459 RSU shares valued at $835,711; disclosure is routine and appears administrative.
The filing documents a Rule 144 notice for sale of RSU-derived shares through a retail broker on the NYSE. The size of the position (116,459 shares) relative to the reported outstanding shares (1,435,682,333) is very small, suggesting limited dilution or market impact from this single notice. Key details such as the identity of the selling person are not provided in the supplied content, limiting assessment of insider status or holding period compliance. No prior sales in the past three months are reported.
TL;DR: The form documents an equity-compensation sale but omits the seller's identity; disclosure meets basic Rule 144 structure.
The form indicates the securities arose from Restricted Stock Units granted by Snap Inc. and that payment was via equity compensation. The notice includes a broker and expected sale date but lacks the named person for whose account the sale will occur, which is a material omission for governance review. The signer represents no undisclosed material adverse information, per the form language. The filing is procedural; without the seller identity, governance implications are unclear from this content alone.