Snap GC sells 11,958 shares at $6 in planned trade

Snap Inc General Counsel Zachary M. Briers sold shares under a pre-set trading plan.

Rhea-AI Filing Summary

Snap Inc General Counsel Zachary M. Briers sold shares under a pre-set trading plan. On June 4, 2026, he executed an open-market sale of 11,958 shares of Snap Class A common stock at an average price of $6.00 per share.

After this transaction, Briers directly holds 2,560,835 shares, so the sale represents a small portion of his overall position. The filing notes that the sale was carried out pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2025, indicating it was pre-arranged rather than timed discretionarily.

Insider Trade Summary 10b5-1

Net Seller: 11,958 shares

Net Sell 1 txn

Insider Briers Zachary M

Role General Counsel

Sold 11,958 shs ($72K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	11,958	$6.00	$72K

Holdings After Transaction: Class A Common Stock — 2,560,835 shares (Direct)

Footnotes (1)

1. F1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.

Key Figures

Shares sold: 11,958 shares Sale price: $6.00 per share Shares held after sale: 2,560,835 shares +2 more

5 metrics

Shares sold 11,958 shares Open-market sale on June 4, 2026

Sale price $6.00 per share Average sale price for the transaction

Shares held after sale 2,560,835 shares Direct holdings following the transaction

Transaction code S Open-market or private sale of non-derivative securities

10b5-1 plan adoption date November 17, 2025 Date reporting person adopted trading plan

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock, Form 4

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted..."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: "open-market sale" for Class A Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"security_title: "Class A Common Stock" in the non-derivative transaction"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): structured insider transaction report"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What did Snap (SNAP) General Counsel Zachary Briers report in this Form 4?

Zachary Briers reported an open-market sale of 11,958 shares of Snap Class A common stock at $6.00 per share. Following the sale, he directly holds 2,560,835 shares, according to the Form 4 filing.

How many Snap (SNAP) shares did Zachary Briers sell and at what price?

Zachary Briers sold 11,958 shares of Snap Class A common stock at an average price of $6.00 per share. The transaction was classified as an open-market sale in the Form 4.

How many Snap (SNAP) shares does Zachary Briers hold after this transaction?

After the reported sale, Zachary Briers directly holds 2,560,835 shares of Snap Class A common stock. This figure reflects his position immediately following the 11,958-share open-market sale.

Was the Snap (SNAP) insider sale by Zachary Briers under a Rule 10b5-1 plan?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Zachary Briers on November 17, 2025. Such plans are pre-arranged and executed automatically under preset conditions.

What type of transaction did Snap (SNAP) report for Zachary Briers in the Form 4?

The transaction is an open-market sale of non-derivative Class A common stock, coded “S” in the Form 4. It involved 11,958 shares sold at $6.00 per share on June 4, 2026.

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

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Accepted by SEC EDGAR 06/05/2026 - 07:00 PM Learn about SEC filing dates

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).

X

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^*

Briers Zachary M

(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)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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	06/04/2026		S		11,958(1)	D	$6	2,560,835	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. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.

	/s/ Marzena Gellert, Attorney-in-fact	06/05/2026
	** 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)