Snap (NYSE: SNAP) CAO granted RSUs and sells 20,299 Class A shares
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 550,360 shares of Snap Class A Common Stock.
Positive
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Insider Trade Summary 10b5-1
Net Buyer: 20,820 shares
Net Buy
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 | $0.00 |
| Sale | Class A Common Stock | 16,729 | $5.5981 | $94K |
Holdings After Transaction:
Class A Common Stock — 550,360 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2025.
- F4. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.
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.