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Snap Inc (SNAP) director awarded 46,905 RSUs with change-in-control protection

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Jenkins Elizabeth reported acquisition or exercise transactions in this Form 4 filing.

Snap Inc director Elizabeth Jenkins received a grant of 46,905 restricted stock units (RSUs) of Class A common stock on August 7, 2026. Each RSU represents one share. 100% of the RSUs vest after one year of continuous service from August 1, 2026, with pro-rata or full acceleration upon board service termination, change in control under the 2017 Equity Incentive Plan, or death. Following this award, she directly holds 112,568 shares.

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Insider Jenkins Elizabeth
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 — 112,568 shares (Direct)
Footnotes (1)
  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.
RSUs granted 46,905 shares Restricted stock units of Class A common stock granted August 7, 2026
Shares following transaction 112,568 shares Total direct holdings after the RSU grant
Per-share grant price 0.0000 RSUs granted at no cash cost to the reporting person
restricted stock units financial
"Represents shares issuable on settlement of restricted stock units ("RSUs") granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
change in control financial
"automatic full acceleration in the event of a change in control"
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"

FAQ

What did Snap (SNAP) director Elizabeth Jenkins receive in this Form 4 filing?

Elizabeth Jenkins received a grant of 46,905 restricted stock units (RSUs) of Snap Inc Class A common stock. Each RSU represents a contingent right to receive one share, subject to the vesting and acceleration conditions described in the award terms.

When do Elizabeth Jenkins’ 46,905 Snap (SNAP) RSUs vest?

The 46,905 RSUs vest 100% after Jenkins completes one year of continuous service from August 1, 2026. The award also includes provisions for pro-rata acceleration, full acceleration upon a change in control, and immediate vesting upon death while in service.

How many Snap (SNAP) shares does Elizabeth Jenkins hold after this RSU grant?

Following this award, Elizabeth Jenkins beneficially holds 112,568 shares of Snap Inc Class A common stock directly. This total includes the 46,905 RSUs reported, which will settle into shares upon vesting under the specified conditions.

Are Elizabeth Jenkins’ Snap (SNAP) RSUs subject to change-in-control protection?

Yes. The RSUs will fully accelerate and become vested in the event of a change in control as defined in Snap’s 2017 Equity Incentive Plan. This means all 46,905 RSUs vest if such a change in control occurs while she remains in service.

What happens to Elizabeth Jenkins’ Snap (SNAP) RSUs if her board service ends early?

If her board service ends before normal vesting, the RSUs are subject to pro-rata acceleration based on service through the end date. Additionally, if she dies while in continuous service, 100% of the RSUs are deemed fully vested immediately.

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

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SEC Form 4
FORM 4UNITED 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*
Jenkins Elizabeth

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/07/2026A46,905(1)A$0.00112,568D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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.
/s/ Marzena Gellert, Attorney-in-fact08/11/2026
** Signature of Reporting PersonDate
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)