Snap appoints Douglas Hott CFO with $1M salary

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Who was appointed as Chief Financial Officer at Snap (SNAP)?

What is Douglas Hott’s base salary as Snap (SNAP) CFO?

What restricted stock units did Snap (SNAP) grant to Douglas Hott?

How will Douglas Hott’s annual equity awards at Snap (SNAP) work?

What is Exhibit 10.1 in Snap’s (SNAP) amended report?

Agreements & Contracts

Snap Inc. is updating a prior report to detail the appointment and compensation of its new finance leader.

Accepted by SEC EDGAR 05/07/2026 - 05:24 PM EDT

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8-K/A

Snap Inc. is updating a prior report to detail the appointment and compensation of its new finance leader. On May 5, 2026, the board appointed Douglas Hott as Chief Financial Officer and principal financial officer, effective May 9, 2026.

Mr. Hott will receive an annual salary of $1,000,000 and, effective May 9, 2026, was granted restricted stock units in Class A common stock with an aggregate value of at least $14,900,000, vesting quarterly over thirty-three months. He will also be eligible for annual equity awards with an initial target grant value of $6,000,000, to vest under conditions set at each grant, beginning after the Promotion RSUs fully vest.

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

CFO annual salary: $1,000,000 per year Promotion RSUs grant value: At least $14,900,000 Target annual equity awards: $6,000,000 per year +2 more

5 metrics

CFO annual salary $1,000,000 per year Base salary for Douglas Hott as Chief Financial Officer

Promotion RSUs grant value At least $14,900,000 Restricted stock units in Class A common stock vesting over 33 months

Target annual equity awards $6,000,000 per year Initial target annual grant value in restricted stock units after Promotion RSUs vest

Promotion RSUs vesting period 33 months Time-based vesting in quarterly installments for Promotion RSUs

CFO effective date May 9, 2026 Effective date of Douglas Hott’s role as CFO and principal financial officer

restricted stock units, principal financial officer, time-based vesting, annual equity awards, +1 more

5 terms

restricted stock units financial

"Mr. Hott was awarded restricted stock units with an aggregate value of at least $14,900,000"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

principal financial officer financial

"appointed Douglas Hott as Chief Financial Officer and principal financial officer, effective May 9, 2026"

The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.

time-based vesting financial

"Class A common stock subject to time-based vesting in quarterly installments over thirty-three months"

Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.

annual equity awards financial

"eligible to receive annual equity awards with an initial target annual grant value of $6,000,000"

Offer Letter financial

"Offer Letter, by and between Snap Inc. and Douglas Hott, dated May 5, 2026"

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Snap appointed Douglas Hott as its Chief Financial Officer and principal financial officer. The board approved his appointment on May 5, 2026, and it becomes effective May 9, 2026, giving him responsibility for Snap’s overall financial leadership.

Douglas Hott will receive an annual salary of $1,000,000 as Snap’s Chief Financial Officer. This fixed cash component forms the core of his compensation package, alongside sizable stock-based awards designed to align his interests with long-term Class A common stock performance.

Effective May 9, 2026, Douglas Hott received restricted stock units with an aggregate value of at least $14,900,000 in Class A common stock. These Promotion RSUs are subject to time-based vesting, scheduled in quarterly installments over a thirty-three-month period.

Douglas Hott will be eligible for annual equity awards with an initial target grant value of $6,000,000 in restricted stock units. Vesting conditions will be set at each grant, and vesting on these annual awards begins only after his Promotion RSUs are fully vested.

Exhibit 10.1 is the Offer Letter between Snap Inc. and Douglas Hott, dated May 5, 2026. It contains the full legal terms of his appointment and compensation arrangement, and the company incorporates this agreement by reference into the current amended report.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2026 (May 5, 2026)

SNAP INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-38017

45-5452795

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

3000 31st Street

Santa Monica, California

90405

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (310) 399-3339

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Class A Common Stock, par value $0.00001 per share

SNAP

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Explanatory Note

We are filing this Amendment No. 1 to our Current Report on Form 8-K filed with the Securities and Exchange Commission on April 20, 2026 (the “Original Report”) solely to provide the disclosures required by Items 5.02 and 9.01 of Form 8-K with respect to the appointment of Douglas Hott as Chief Financial Officer of Snap and the material terms of his compensation arrangement with us. Other than as set forth in this Explanatory Note, this Amendment No. 1 does not amend any other disclosures in the Original Report.

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 5, 2026, our board of directors appointed Douglas Hott as Chief Financial Officer and principal financial officer, effective May 9, 2026.

Mr. Hott will have an annual salary of $1,000,000. In addition, effective May 9, 2026, Mr. Hott was awarded restricted stock units with an aggregate value of at least $14,900,000 in shares of our Class A common stock subject to time-based vesting in quarterly installments over thirty-three months (the “Promotion RSUs”). Mr. Hott will also be eligible to receive annual equity awards with an initial target annual grant value of $6,000,000, to be granted in the form of restricted stock units subject to vesting conditions to be determined at the time of grant. The vesting of any such annual equity awards will commence following the full vesting of the Promotion RSUs. The foregoing description of Mr. Hott’s offer letter is qualified in its entirety by reference to the full text of the agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.


Exhibit Number		Description

10.1		Offer Letter, by and between Snap Inc. and Douglas Hott, dated May 5, 2026.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Source: View Original Filing on SEC EDGAR

4 documents

Date: May 7, 2026

/s/ Zachary Briers

Zachary Briers
General Counsel

EX-10.1 EX-10.1 7.9 KB