Snap (NYSE: SNAP) CAO sells 19,674 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap Inc’s Chief Accounting Officer, Rebecca Morrow, reported automatic share sales tied to equity compensation. She sold a total of 19,674 shares of Class A common stock in open-market transactions on February 17 and 19, 2026, at reported prices of $4.7016 and $4.8400 per share, respectively. According to the disclosure, these sales were made to cover tax withholding obligations arising from the settlement of restricted stock units granted by Snap, and were executed under a Rule 10b5-1 trading plan adopted on September 9, 2025. After these transactions, she directly holds 463,507 shares of Snap Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,674 shares ($92,939)
Net Sell
2 txns
Insider
Morrow Rebecca
Role
Chief Accounting Officer
Sold
19,674 shs ($93K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,175 | $4.84 | $15K |
| Sale | Class A Common Stock | 16,499 | $4.7016 | $78K |
Holdings After Transaction:
Class A Common Stock — 463,507 shares (Direct)
Footnotes (1)
- Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted by the Issuer to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.665 to $4.755 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. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2025.
FAQ
What insider transaction did Snap (SNAP) disclose for Rebecca Morrow?
Snap’s Chief Accounting Officer, Rebecca Morrow, reported selling 19,674 Class A shares in two open-market transactions. The sales were tied to tax withholding for restricted stock unit settlements and executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Snap (SNAP) insider sale made under a Rule 10b5-1 plan?
Yes. The filing notes that the reported sales were executed under a Rule 10b5-1 trading plan adopted by Rebecca Morrow on September 9, 2025. Such plans pre-schedule trades to help manage insider trading compliance.
What does the Form 4 say about pricing for the Snap (SNAP) insider sales?
For one transaction, the filing reports a weighted average price, with individual sales between $4.665 and $4.755 per share. The issuer and any security holder may request detailed breakdowns of the number of shares sold at each separate price within that range.