Snap Inc director awarded 20,653 RSUs vesting in August 2026
Snap Inc. director reported receiving 20,653 restricted stock units (RSUs) of Class A common stock on 12/30/2025, at a price of $0.00 per share.
Rhea-AI Filing Summary
Snap Inc. director reported receiving 20,653 restricted stock units (RSUs) of Class A common stock on 12/30/2025, at a price of $0.00 per share. Each RSU represents a contingent right to receive one share of Class A stock, and 100% of the RSUs are scheduled to vest on August 2, 2026. The award includes pro-rata vesting acceleration if the director’s board service ends, full acceleration upon a change in control under Snap’s 2017 Equity Incentive Plan, and immediate full vesting if the director dies while in continuous service.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 20,653 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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. 100% of the RSUs shall vest on August 2, 2026. The RSUs will be subject to pro-rata acceleration upon the reporting person's discontinued service on the Issuer's board of directors and automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Snap Inc (SNAP) disclose in this Form 4?
A Snap Inc. director reported an award of 20,653 restricted stock units (RSUs) of Class A common stock on 12/30/2025 at a grant price of $0.00 per share.
When do the new Snap Inc (SNAP) RSUs granted to the director vest?
100% of the 20,653 RSUs are scheduled to vest on August 2, 2026, at which point each RSU converts into one share of Snap’s Class A common stock.
What happens to the Snap Inc (SNAP) RSUs if the director’s board service ends?
The RSUs are subject to pro-rata acceleration if the director’s service on Snap’s board of directors is discontinued, allowing a portion of the award to vest earlier.
How does a change in control affect the director’s Snap Inc (SNAP) RSUs?
In the event of a change in control, as defined in Snap’s 2017 Equity Incentive Plan, the RSUs will automatically become fully vested.
What if the Snap Inc (SNAP) director dies while still serving on the board?
If the reporting person dies while in continuous service on the board, 100% of the RSUs will be deemed fully vested immediately.
AI-generated analysis. How Rhea-AI works. Not financial advice.