Snap (NYSE: SNAP) CFO awarded 2.45M RSUs with multi-year vesting

Rhea-AI Filing Summary

Hott Douglas reported acquisition or exercise transactions in this Form 4 filing.

Snap Inc. reported that Chief Financial Officer Douglas Hott received a grant of 2,450,659 restricted stock units (RSUs), each representing one share of Class A Common Stock. Following this equity award, he beneficially owns 2,695,358 shares directly.

According to the award terms, 575,658 RSUs vest in equal quarterly installments during the 9‑month period of his continuous service from February 15, 2026. A further 932,566 RSUs vest in equal quarterly installments during the 12‑month period of continuous service from November 15, 2026, and the remaining 942,435 RSUs vest in equal quarterly installments during the 12‑month period of continuous service from November 15, 2027. If he dies while in continuous service, all unvested RSUs become fully vested immediately.

Insights

Equity compensation analyst

Large time-based RSU grant to Snap’s CFO vests over three years.

Snap granted CFO Douglas Hott 2,450,659 RSUs, a sizable equity award that aligns his compensation with future share performance. The grant is structured entirely as restricted stock units rather than options or cash bonuses.

The award vests in three time-based tranches tied to his continued service, with quarterly vesting from February 15, 2026, November 15, 2026, and November 15, 2027. There is also a provision for full vesting upon death while in continuous service.

Because this is a compensation-related acquisition (code A) with no open-market purchase or sale, it is generally viewed as routine governance rather than a directional trading signal. The filing shows his post-award direct holdings at 2,695,358 shares, providing context on his overall equity exposure.

Insider Trade Summary

Net Buyer: 2,450,659 shares

Net Buy 1 txn

Insider Hott Douglas

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,450,659	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 2,695,358 shares (Direct)

Footnotes (1)

1. F1. Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 575,658 of these RSUs shall vest in equal quarterly installments during the 9-month period of the reporting person's continuous service from February 15, 2026, 932,566 of these RSUs shall vest in equal quarterly installments during the 12-month period of the reporting person's continuous service from November 15, 2026, and the remaining 942,435 of these RSUs shall vest in equal quarterly installments during the 12-month period of the reporting person's continuous service from November 15, 2027. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.

Key Figures

RSU grant size: 2,450,659 RSUs Grant price: $0.00 per RSU Holdings after grant: 2,695,358 shares +3 more

6 metrics

RSU grant size 2,450,659 RSUs Grant to CFO Douglas Hott on acquisition date

Grant price $0.00 per RSU Stock-based compensation, not market purchase

Holdings after grant 2,695,358 shares Total Class A Common Stock directly owned after transaction

First vesting tranche 575,658 RSUs Vest quarterly during 9 months from February 15, 2026

Second vesting tranche 932,566 RSUs Vest quarterly during 12 months from November 15, 2026

Third vesting tranche 942,435 RSUs Vest quarterly during 12 months from November 15, 2027

Key Terms

restricted stock units ("RSUs"), Class A Common Stock, continuous service, vest, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Class A Common Stock financial

"Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

continuous service financial

"shall vest in equal quarterly installments during the 9-month period of the reporting person's continuous service from February 15, 2026"

vest financial

"shall vest in equal quarterly installments during the 12-month period of the reporting person's continuous service from November 15, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

beneficially owns financial

"total_shares_following_transaction: 2695358.0000, indicating shares the reporting person beneficially owns after the grant"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/12/2026 - 07:12 PM Learn about SEC filing dates

FAQ

What did Snap (SNAP) CFO Douglas Hott report in this Form 4?

Snap CFO Douglas Hott reported receiving 2,450,659 restricted stock units. Each RSU represents one share of Class A Common Stock, increasing his direct beneficial ownership to 2,695,358 shares after the grant.

How many RSUs did Snap (SNAP) grant to its CFO and at what price?

Snap granted its CFO 2,450,659 RSUs at a price of $0.00 per unit. These RSUs are a stock-based compensation award rather than an open-market purchase, reflecting equity incentives tied to future service.

What is the vesting schedule for Douglas Hott’s RSUs at Snap (SNAP)?

The RSUs vest in three time-based blocks. 575,658 vest quarterly over nine months from February 15, 2026; 932,566 vest quarterly over twelve months from November 15, 2026; and 942,435 vest quarterly over twelve months from November 15, 2027.

Are Snap (SNAP) CFO Douglas Hott’s RSUs subject to performance conditions?

The filing describes the RSUs as vesting based on continuous service and time. They vest in equal quarterly installments over specified periods, with no additional performance conditions mentioned in the disclosed terms.

What happens to Snap (SNAP) CFO’s RSUs if he dies while employed?

If Douglas Hott dies while in continuous service, 100% of his RSUs become fully vested immediately. This death-acceleration provision applies to all unvested RSUs covered by the reported grant.

Does this Snap (SNAP) Form 4 show the CFO buying or selling stock on the market?

No, the Form 4 shows a grant coded as an acquisition (A) of RSUs at $0.00 per share. It reflects stock-based compensation, not an open-market purchase or sale of Snap shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hott Douglas

(Last) (First) (Middle)

C/O SNAP INC.

3000 31ST STREET

(Street)

SANTA MONICA CALIFORNIA 90405

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Snap Inc [ SNAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/09/2026		A		2,450,659(1)	A	$0	2,695,358	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 575,658 of these RSUs shall vest in equal quarterly installments during the 9-month period of the reporting person's continuous service from February 15, 2026, 932,566 of these RSUs shall vest in equal quarterly installments during the 12-month period of the reporting person's continuous service from November 15, 2026, and the remaining 942,435 of these RSUs shall vest in equal quarterly installments during the 12-month period of the reporting person's continuous service from November 15, 2027. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.

	/s/ Marzena Gellert, Attorney-in-fact	05/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)