[144] Snap Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Snap Inc. (SNAP) shows a proposed sale of 7,900 common shares through Charles Schwab & Co., Inc. on 08/28/2025, with an aggregate market value of $55,853.00. The filing states the shares were received as Restricted Stock Units (RSUs) from SNAP on 08/15/2022 (1,965 shares) and 08/15/2023 (5,935 shares) as part of equity compensation, and that no sales of the issuer's securities were reported in the past three months. The filing includes the standard representation that the seller does not possess undisclosed material adverse information about the issuer.

Positive

• Full compliance with Rule 144 disclosure: broker, share count, acquisition dates, and sale date are provided
• Securities derived from equity compensation (RSUs), indicating the sale is of vested employee awards rather than newly purchased or third-party holdings
• No reported sales in prior three months, suggesting this is not part of a larger, recent disposal

Negative

• Insider intends to sell shares, which some market participants may view negatively despite small size
• No explicit 10b5-1 plan adoption date provided, leaving uncertainty about whether the sale is preplanned

Insights

Securities Analyst

TL;DR An insider plans a small, scheduled sale of vested RSUs; size is immaterial relative to shares outstanding.

The notice documents a planned sale of 7,900 common shares valued at $55,853 executed through Charles Schwab on 08/28/2025. The shares derive from RSU grants in 2022 and 2023 and there were no reported sales in the prior three months. Relative to the reported outstanding share count of 1,435,682,333, this transaction is de minimis and unlikely to affect market supply or valuation. The inclusion of the Rule 144 representation and the absence of prior recent sales suggest routine liquidity of vested equity rather than a coordinated, material disposition.

Corporate Governance Expert

TL;DR Routine insider liquidity from vested RSUs; compliant paperwork and 10b5-1/Rule 144 language present but no plan date specified.

The filing indicates compliance with Rule 144 disclosure requirements for an insider sale of equity compensation. It identifies the broker, share count, acquisition dates, and nature of acquisition (RSUs). The filer makes the standard attestation of no undisclosed material information. The record does not specify adoption of a Rule 10b5-1 trading plan or its date, which would otherwise clarify preplanned timing; absent that date, the notice still meets Rule 144 notification content requirements but leaves the trading-plan status unspecified.

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	7900	55853.00	1435682333	08/28/2025	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	08/15/2022	Restricted Stock Unit	SNAP INC.			1965	08/15/2022	Equity Compensation
Common	08/15/2023	Restricted Stock Unit	SNAP INC.			5935	08/15/2023	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

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 the Form 144 filed for SNAP disclose about the proposed sale?

The filing discloses a proposed sale of 7,900 common shares through Charles Schwab on 08/28/2025 with aggregate market value $55,853.00.

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

The shares were acquired as Restricted Stock Units (RSUs) from Snap Inc.: 1,965 on 08/15/2022 and 5,935 on 08/15/2023, paid as equity compensation.

Does the Form 144 show recent sales of SNAP securities by the filer?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Who is the broker named in the Form 144 for SNAP?

The broker listed is Charles Schwab & Co., Inc. with an address given in Westlake, TX.

Is there an attestation about material nonpublic information in the filing?

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