Snap (NYSE: SNAP) CAO granted RSUs and sells 20,299 Class A shares

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Snap Inc Chief Accounting Officer Rebecca Morrow reported a mix of stock awards and sales. On May 19, 2026, she was granted 41,119 shares of Class A Common Stock at no cost, representing shares issuable upon settlement of restricted stock units that vest quarterly over 36 months from May 15, 2026.

She also sold 20,299 shares of Class A Common Stock in open-market transactions: 16,729 shares at a weighted average price of $5.5981 on May 18, 2026 and 3,570 shares at $5.74 on May 19, 2026. A portion of the sales covered tax withholding obligations related to RSU settlement, and the sales were executed under a Rule 10b5-1 trading plan. After these transactions, she directly owned 509,241 shares of Snap Class A Common Stock.

Insider Trade Summary 10b5-1

Net Seller: 20,299 shares ($114,142)

Net Sell 3 txns

Insider Morrow Rebecca

Role Chief Accounting Officer

Sold 20,299 shs ($114K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,570	$5.74	$20K
Grant/Award	Class A Common Stock	41,119	$0.00	--
Sale	Class A Common Stock	16,729	$5.5981	$94K

Holdings After Transaction: Class A Common Stock — 509,241 shares (Direct, null)

Footnotes (1)

Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted by the Issuer to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.46 to $5.705 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2025. 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. These RSUs shall vest in equal quarterly installments during the 36-month period of the reporting person's continuous service from May 15, 2026. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.

Key Figures

RSU-linked grant: 41,119 shares Shares sold total: 20,299 shares Sale price May 18: $5.5981 per share +4 more

7 metrics

RSU-linked grant 41,119 shares Class A Common Stock grant on May 19, 2026

Shares sold total 20,299 shares Open-market sales on May 18–19, 2026

Sale price May 18 $5.5981 per share Weighted average price for 16,729 shares

Sale price May 19 $5.74 per share Price for 3,570 shares

Post-transaction holdings 509,241 shares Direct ownership after May 19, 2026 sale

RSU vesting period 36 months Equal quarterly vesting from May 15, 2026

Rule 10b5-1 plan adoption date September 9, 2025 Plan governing the reported sales

Key Terms

restricted stock units ("RSUs"), Rule 10b5-1 trading plan, tax withholding obligations, weighted average price, +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.

Rule 10b5-1 trading plan regulatory

"The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2025."

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.

tax withholding obligations financial

"Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units."

weighted average price financial

"The reported price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

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.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 07:17 PM

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^*

Morrow Rebecca

(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 Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/18/2026		S		16,729⁽¹⁾	D	$5.5981⁽²⁾	512,811	D
Class A Common Stock	05/19/2026		S		3,570⁽³⁾	D	$5.74	509,241	D
Class A Common Stock	05/19/2026		A		41,119⁽⁴⁾	A	$0	550,360	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted by the Issuer to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.46 to $5.705 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2025.

4. 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. These RSUs shall vest in equal quarterly installments during the 36-month period of the reporting person's continuous service from May 15, 2026. 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	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Snap (SNAP) CAO Rebecca Morrow report?

Rebecca Morrow reported a grant of 41,119 shares of Snap Class A Common Stock and open-market sales totaling 20,299 shares. The sales were linked to RSU tax withholding and executed under a pre-arranged Rule 10b5-1 trading plan.

How many Snap (SNAP) shares did the CAO sell and at what prices?

She sold 20,299 Snap Class A Common shares in total: 16,729 shares at a weighted average price of $5.5981 on May 18, 2026 and 3,570 shares at $5.74 on May 19, 2026, according to the Form 4 disclosure.

Was the Snap (SNAP) CAO’s stock sale part of a trading plan?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 9, 2025. Such plans pre-schedule trades, making the timing more routine rather than a discretionary decision reacting to short-term events.

Why did Snap (SNAP) CAO Rebecca Morrow sell some shares?

The filing explains that some shares were sold to cover tax withholding obligations tied to restricted stock unit settlement. Using share sales for tax withholding is a common administrative mechanism and does not represent an ordinary open-market liquidation decision.

How many Snap (SNAP) shares does the CAO hold after these transactions?

Following the reported grant and sales, Rebecca Morrow directly owned 509,241 shares of Snap Class A Common Stock. This post-transaction holding comes directly from the Form 4’s ownership column, giving a snapshot of her remaining equity stake.

What are the vesting terms of the Snap (SNAP) CAO’s new RSUs?

The granted RSUs, representing 41,119 shares, vest in equal quarterly installments over 36 months of continuous service starting May 15, 2026. If she dies while in continuous service, 100% of the RSUs become fully vested immediately, according to the disclosure.