Snap Inc. CFO Form 4 shows November 2025 stock sales

Rhea-AI Filing Summary

Snap Inc. Chief Financial Officer stock transactions were reported for November 2025. The reporting person, serving as Chief Financial Officer of Snap Inc. (SNAP), filed as a single reporting person.

On November 14, 2025, the officer sold 16,412 shares of Class A common stock at a weighted average price of $8.4031 per share, leaving 3,093,169 shares beneficially owned afterward. On November 17, 2025, an additional 62,868 shares were sold at a weighted average price of $8.3398 per share, leaving 3,030,301 shares beneficially owned following that transaction.

The filing states that the November 14 sale was effected under a Rule 10b5-1 trading plan adopted on August 15, 2024, and that the November 17 sale represents shares sold to cover tax withholding obligations tied to the settlement of restricted stock units, each RSU corresponding to one share of Snap’s Class A common stock.

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

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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^*

Andersen Derek

(Last) (First) (Middle)

C/O SNAP INC.

3000 31ST STREET

(Street)

SANTA MONICA CA 90405

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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

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

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

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	11/14/2025		S		16,412(1)	D	$8.4031(2)	3,093,169	D
Class A Common Stock	11/17/2025		S		62,868(3)	D	$8.3398(4)	3,030,301	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 August 15, 2024.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.32 to $8.48 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. 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.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.17 to $8.465 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.

	/s/ Atul Porwal, Attorney-in-fact	11/18/2025
	** 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.

FAQ

What insider trading activity did Snap Inc. (SNAP) report in this Form 4?

The Form 4 reports that Snap Inc.'s Chief Financial Officer sold 16,412 shares of Class A common stock on November 14, 2025, and 62,868 shares on November 17, 2025, at weighted average prices of $8.4031 and $8.3398 per share, respectively.

How many Snap (SNAP) shares does the reporting person own after these transactions?

After the November 14, 2025 sale, the reporting person beneficially owned 3,093,169 shares of Snap Class A common stock, and after the November 17, 2025 sale, the beneficial ownership stood at 3,030,301 shares.

Were the Snap (SNAP) insider sales made under a Rule 10b5-1 trading plan?

Yes. The filing states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2024.

Why were some of the Snap (SNAP) shares sold by the CFO on November 17, 2025?

The filing explains that the 62,868 shares sold on November 17, 2025 represent a sale of shares to cover tax withholding obligations related to the settlement and release of restricted stock units granted to the reporting person.

What do the weighted average prices in the Snap (SNAP) Form 4 mean?

The reported prices of $8.4031 and $8.3398 are weighted averages. The filing notes that the shares were sold in multiple transactions within ranges of $8.32 to $8.48 and $8.17 to $8.465 per share, respectively, and the reporting person undertakes to provide detailed breakdowns upon request.

What role does the reporting person hold at Snap Inc. (SNAP)?

The reporting person is identified as an officer of Snap Inc., serving in the role of Chief Financial Officer.