Snap CTO Robert Murphy trades 4M Class A shares
Snap Inc Chief Technology Officer, director and more-than-10% stockholder Robert C. Murphy reported selling 4,000,000 Class A shares on August 5–6, 2026 at weighted average prices of $5.555 and $5.2512 per share.
Rhea-AI Filing Summary
Snap Inc Chief Technology Officer, director and more-than-10% stockholder Robert C. Murphy reported selling 4,000,000 Class A shares on August 5–6, 2026 at weighted average prices of $5.555 and $5.2512 per share. These open-market transactions were effected under a Rule 10b5-1 trading plan adopted November 11, 2025 and amended February 11, 2026. He also reported a 1,223,340-share charitable gift and several June 25, 2026 transfers between his direct holdings and grantor retained annuity trusts or other entities where he retains investment or voting power.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 4,000,000 shares
Net Sell
10 txns
Insider
Murphy Robert C.
Role
Chief Technology Officer
Sold
4,000,000 shs ($21.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F5, F7 | 2,000,000 | $5.2512 | $10.50M |
| Gift | Class A Common Stock F8 | 1,223,340 | $0.00 | $0.00 |
| Sale | Class A Common Stock F5, F6 | 2,000,000 | $5.555 | $11.11M |
| holding | Class A Common Stock F9 | -- | -- | -- |
| Other | Class A Common Stock F1 | 2,533,231 | $0.00 | $0.00 |
| Other | Class A Common Stock F2 | 2,533,231 | $0.00 | $0.00 |
| Other | Class A Common Stock F1 | 333,438 | $0.00 | $0.00 |
| Other | Class A Common Stock F2 | 333,438 | $0.00 | $0.00 |
| Other | Class A Common Stock F3 | 2,866,669 | $0.00 | $0.00 |
| Other | Class A Common Stock F4 | 2,866,669 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 7,830,250 shares (Indirect, By Trust);
Class A Common Stock — 38,586,451 shares (Direct)
Footnotes (9)
- F1. Shares held by an entity or entities in which the reporting person retains investment power over such shares. Reflects the distribution of shares transferred from an entity or entities in which the reporting person retains investment power over such shares to the reporting person as an annuity payment on June 25, 2026.
- F2. Reflects the distribution of shares transferred from an entity or entities in which the reporting person retains investment power over such shares to the reporting person as an annuity payment on June 25, 2026.
- F3. Reflects the transfer of shares by the reporting person to an entity in which the reporting person retains investment power over such shares, as the initial funding of a grantor retained annuity trust, on June 25, 2026.
- F4. Shares held by an entity or entities in which the reporting person retains investment power over such shares. Reflects the transfer of shares by the reporting person to an entity in which the reporting person retains investment power over such shares, as the initial funding of a grantor retained annuity trust, on June 25, 2026.
- F5. 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.
- F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.495 to $5.70 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.
- F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.19 to $5.21 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.
- F8. Represents a charitable gift by the reporting person.
- F9. 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.
Key Figures
Class A shares sold Aug. 5, 2026: 2,000,000 shares at $5.555 per share
Class A shares sold Aug. 6, 2026: 2,000,000 shares at $5.2512 per share
Charitable gift Aug. 6, 2026: 1,223,340 shares
+4 more
7 metrics
Class A shares sold Aug. 5, 2026
2,000,000 shares at $5.555 per share
Open-market sale under Rule 10b5-1 plan; weighted average with $5.495–$5.70 range (footnote F6).
Class A shares sold Aug. 6, 2026
2,000,000 shares at $5.2512 per share
Open-market sale under Rule 10b5-1 plan; weighted average with $5.19–$5.21 range (footnote F7).
Charitable gift Aug. 6, 2026
1,223,340 shares
Reported as a bona fide charitable gift by the reporting person (footnote F8).
Trust annuity distribution
2,533,231 shares
Distributed from entities where Murphy retains investment power to him as an annuity payment on June 25, 2026 (footnotes F1, F2).
Additional annuity distribution
333,438 shares
Second distribution from such entities to Murphy as part of the June 25, 2026 annuity payment (footnotes F1, F2).
Grantor retained annuity trust funding
2,866,669 shares
Transferred by Murphy to an entity as initial funding of a grantor retained annuity trust on June 25, 2026 (footnotes F3, F4).
Net shares sold
4,000,000 shares
Net of buy/sell transactions; transaction summary characterizes direction as net-sell.
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, bona fide gift, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted..."
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.
grantor retained annuity trust financial
"as the initial funding of a grantor retained annuity trust, on June 25, 2026."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
bona fide gift financial
"transaction_code_description: "Bona fide gift" for the G-coded charitable transfer."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were sold..."
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is Robert C. Murphy’s role and ownership status at Snap (SNAP)?
Murphy is reported as Snap’s Chief Technology Officer, a director, and a more-than-10% stockholder. Footnotes indicate he retains investment power over certain grantor retained annuity trust holdings and has voting power, but no financial interest, over shares held by an irrevocable trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
