Snap CTO Murphy trust sells 343,945 shares
Snap Inc director and Chief Technology Officer Robert C. Murphy reported an open-market sale of 343,945 shares of Class A common stock at a weighted average price of $5.8754 per share.
Rhea-AI Filing Summary
Snap Inc director and Chief Technology Officer Robert C. Murphy reported an open-market sale of 343,945 shares of Class A common stock at a weighted average price of $5.8754 per share. The shares were sold by an irrevocable trust for which he acts as trustee under a Rule 10b5-1 trading plan adopted on November 11, 2025 and amended on February 11, 2026.
Following this transaction, the trust holds 4,963,581 shares indirectly, while Murphy also has 43,809,791 shares reported as directly owned. The filing notes he has voting power but no financial interest in the irrevocable trust, and that sale prices ranged from $5.7709 to $5.945 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 343,945 shares
Net Sell
3 txns
Insider
Murphy Robert C.
Role
Chief Technology Officer
Sold
343,945 shs ($2.02M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 343,945 | $5.8754 | $2.02M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 9,963,581 shares (Indirect, By Trust);
Class A Common Stock — 43,809,791 shares (Direct)
Footnotes (4)
- F1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2025, as amendeded on February 11, 2026.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.7709 to $5.945 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. 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.
- F4. Shares held by an entity or entities in which the reporting person retains investment power over such shares.
Key Figures
Shares sold: 343,945 shares
Weighted average sale price: $5.8754 per share
Post-sale indirect holdings: 4,963,581 shares
+2 more
5 metrics
Shares sold
343,945 shares
Open-market sale of Class A common stock on May 29, 2026
Weighted average sale price
$5.8754 per share
Average price for 343,945 shares sold
Post-sale indirect holdings
4,963,581 shares
Shares held by irrevocable trust after transaction
Direct holdings
43,809,791 shares
Class A common stock held directly by Murphy as reported
Net insider share change
343,945 shares sold
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1 trading plan, irrevocable trust, weighted average price, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person..."
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.
irrevocable trust financial
"Shares held by an irrevocable trust over which the reporting person acts as trustee..."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
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.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Snap (SNAP) report for Robert C. Murphy?
Snap reported an open-market sale of 343,945 Class A common shares at a weighted average price of $5.8754. The transaction was executed by an irrevocable trust associated with Murphy and disclosed in a Form 4 insider trading report.
Was the Snap (SNAP) insider sale by Robert C. Murphy pre-planned?
Yes. The sale was carried out under a Rule 10b5-1 trading plan adopted on November 11, 2025 and amended on February 11, 2026. Such plans pre-schedule trades, making the timing more routine and less discretionary.
What are Robert C. Murphy’s reported direct holdings in Snap (SNAP)?
The Form 4 shows Robert C. Murphy with 43,809,791 Snap Class A shares reported as directly owned. This direct ownership figure is separate from the shares held indirectly through the irrevocable trust mentioned in the same filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
