Snap (SNAP) CEO Evan Spiegel Reports 1.22M Share Sale and 364K Share Gift

Rhea-AI Filing Summary

Snap Inc. Chief Executive Officer, director, and 10% owner Evan Spiegel reported share transactions in Class A common stock. On January 5, 2026, he sold 1,220,165 shares at a weighted average price of $8.25 per share under a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2025. The filing notes that individual sale prices ranged from $8.25 to $8.30 per share.

On the same date, Spiegel made a charitable gift of 364,078 shares. Following these transactions, he directly beneficially owned 25,487,274 Class A shares. The form also reports 3,027,844 additional shares held indirectly through an irrevocable trust for which he serves as trustee with voting power but no financial interest, and whose beneficiaries are not his immediate family members.

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^*

Spiegel Evan

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026		S		1,220,165(1)	D	$8.25(2)	25,851,352	D
Class A Common Stock	01/05/2026		G(3)		364,078	D	$0.00	25,487,274	D
Class A Common Stock								3,027,844	I	By Trust(4)

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 September 4, 2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.25 to $8.30 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 a charitable gift by the reporting person.

4. Shares held by an irrevocable trust over which the reporting person acts as trustee and has voting power, but has no financial interest. The beneficiaries of the irrevocable trust are not immediate family members of the reporting person.

	/s/ Atul Porwal, Attorney-in-fact	01/07/2026
	** 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.

FAQ

What insider transactions did Evan Spiegel report for Snap Inc. (SNAP)?

Evan Spiegel reported two transactions in Snap Inc. Class A common stock on January 5, 2026: a sale of 1,220,165 shares and a charitable gift of 364,078 shares.

At what price were the Snap (SNAP) shares sold in Evan Spiegels latest Form 4?

The 1,220,165 shares of Snap Class A common stock were sold at a weighted average price of $8.25 per share, with individual sale prices ranging from $8.25 to $8.30 per share.

Was Evan Spiegels Snap (SNAP) share sale under a Rule 10b5-1 trading plan?

Yes. The filing states that the sales were effected under a Rule 10b5-1 trading plan that Evan Spiegel adopted on September 4, 2025.

How many Snap (SNAP) shares does Evan Spiegel own after these transactions?

After the reported transactions, Evan Spiegel directly beneficially owned 25,487,274 shares of Snap Class A common stock, and indirectly beneficially owned 3,027,844 shares held by an irrevocable trust.

What is the nature of the trust holding Snap (SNAP) shares related to Evan Spiegel?

The filing describes 3,027,844 shares as held by an irrevocable trust over which Evan Spiegel acts as trustee and has voting power but no financial interest. The beneficiaries of the trust are not immediate family members of Evan Spiegel.

What does the charitable gift reported by Evan Spiegel involve for Snap (SNAP)?

The Form 4 notes that 364,078 shares of Snap Class A common stock were transferred as a charitable gift by Evan Spiegel, with no sale price reported for that transaction.