Snap Inc (SNAP) grants director Fidel Vargas 46,905 RSUs with vesting terms

Q: What equity award did Snap (SNAP) director Fidel Vargas receive?

Fidel Vargas received 46,905 restricted stock units (RSUs) , each representing one share of Snap’s Class A common stock. This is a compensation-related grant , not an open-market stock purchase.

Q: When do Fidel Vargas’s new Snap (SNAP) RSUs vest?

The filing states that 100% of the RSUs vest after one year of continuous service from August 1, 2026 . Vesting may accelerate pro-rata if he leaves the board or fully upon a change in control or death.

Q: What happens to the Snap (SNAP) RSUs if there is a change in control?

Under Snap’s 2017 Equity Incentive Plan, the RSUs will automatically fully accelerate in the event of a change in control . This means all unvested RSUs would vest upon such an event, as defined in the plan.

Q: Are Fidel Vargas’s Snap (SNAP) RSUs subject to acceleration if he dies?

Yes. If Fidel Vargas dies while in continuous service, 100% of the RSUs become fully vested immediately . This is in addition to other provisions for change in control and pro-rata vesting upon discontinued board service.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Vargas Fidel reported acquisition or exercise transactions in this Form 4 filing.

Snap Inc director Fidel Vargas received a grant of 46,905 restricted stock units (RSUs), each representing one share of Class A common stock. Following this award, his directly held equity position is 130,613 shares, including shares issuable upon RSU settlement.

The footnote states that 100% of the RSUs vest after one year of continuous service from August 1, 2026, with pro-rata acceleration if his board service ends, and automatic full acceleration upon a change in control or death while in service. Settlement of vested RSUs is deferred until the earlier of the 90th day after separation from service or a change in control.

Insider Trade Summary

Net Buyer: 46,905 shares

Net Buy 1 txn

Insider Vargas Fidel

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock ^F1	46,905	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 130,613 shares (Direct)

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 after the reporting person completes one year of continuous service from August 1, 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. The settlement of such RSUs will be deferred until the earlier of a) the 90th day following the reporting person's separation from service from the Issuer (as defined under Treasury Regulations Section 1.409A-1(h)) or b) a change in control.

Key Figures

RSUs granted: 46,905 RSUs Holdings after grant: 130,613 shares Vesting schedule: 100% after one year from August 1, 2026 +1 more

4 metrics

RSUs granted 46,905 RSUs Restricted stock units granted to Fidel Vargas representing Class A common stock

Holdings after grant 130,613 shares Total Class A common stock reported as held following the RSU award

Vesting schedule 100% after one year from August 1, 2026 RSUs vest after one year of continuous service from August 1, 2026

Settlement timing Earlier of 90th day post-separation or change in control Deferral schedule for settlement of vested RSUs

Key Terms

restricted stock units ("RSUs"), change in control, 2017 Equity Incentive Plan, separation from service, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents shares issuable on settlement of restricted stock units ("RSUs") granted"

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.

change in control financial

"automatic full acceleration in the event of a change in control, as defined"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

2017 Equity Incentive Plan financial

"as defined in the Issuer's 2017 Equity Incentive Plan"

separation from service financial

"following the reporting person's separation from service from the Issuer"

Treasury Regulations Section 1.409A-1(h) financial

"as defined under Treasury Regulations Section 1.409A-1(h)"

FAQ

What equity award did Snap (SNAP) director Fidel Vargas receive?

Fidel Vargas received 46,905 restricted stock units (RSUs), each representing one share of Snap’s Class A common stock. This is a compensation-related grant, not an open-market stock purchase.

How many Snap (SNAP) shares does Fidel Vargas hold after this Form 4?

After the reported RSU grant, Fidel Vargas is shown holding 130,613 shares of Snap Class A common stock. This figure includes shares issuable upon settlement of the reported RSUs.

When do Fidel Vargas’s new Snap (SNAP) RSUs vest?

The filing states that 100% of the RSUs vest after one year of continuous service from August 1, 2026. Vesting may accelerate pro-rata if he leaves the board or fully upon a change in control or death.

What happens to the Snap (SNAP) RSUs if there is a change in control?

Under Snap’s 2017 Equity Incentive Plan, the RSUs will automatically fully accelerate in the event of a change in control. This means all unvested RSUs would vest upon such an event, as defined in the plan.

When will Fidel Vargas’s Snap (SNAP) RSUs be settled into shares?

Settlement of the RSUs into Class A shares is deferred until the earlier of the 90th day after his separation from service or a change in control. This timing is described by reference to Treasury Regulations Section 1.409A-1(h).

Are Fidel Vargas’s Snap (SNAP) RSUs subject to acceleration if he dies?

Yes. If Fidel Vargas dies while in continuous service, 100% of the RSUs become fully vested immediately. This is in addition to other provisions for change in control and pro-rata vesting upon discontinued board service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/11/2026 - 07:00 PM Accepted by SEC EDGAR 08/11/2026 - 07:00 PM

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Vargas Fidel

(Last)

(First)

(Middle)

C/O SNAP INC.

3000 31ST STREET

(Street)

SANTA MONICA

CALIFORNIA

90405

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Snap Inc [ SNAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	08/07/2026		A		46,905⁽¹⁾	A	$0.00	130,613	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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 after the reporting person completes one year of continuous service from August 1, 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. The settlement of such RSUs will be deferred until the earlier of a) the 90th day following the reporting person's separation from service from the Issuer (as defined under Treasury Regulations Section 1.409A-1(h)) or b) a change in control.

	/s/ Marzena Gellert, Attorney-in-fact	08/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR