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Snap Inc. (SNAP) CEO-director reports 1.26M share sale and major gift

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Snap Inc. disclosed that a director, chief executive officer, and 10% owner reported stock transactions in Class A common shares dated 12/30/2025. The insider sold 1,258,850 shares at a weighted average price of $8.001 per share under a Rule 10b5-1 trading plan adopted on September 4, 2025. On the same date, the insider made a charitable gift of 752,823 Class A shares. After these transactions, the insider directly beneficially owned 27,071,517 Class A shares and indirectly beneficially owned an additional 3,027,844 shares through an irrevocable trust over which the insider has voting power but no financial interest.

Positive

  • None.

Negative

  • None.
Insider Spiegel Evan
Role Chief Executive Officer
Sold 1,258,850 shs ($10.07M)
Type Security Shares Price Value
Sale Class A Common Stock 1,258,850 $8.001 $10.07M
Gift Class A Common Stock 752,823 $0.00 --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 27,824,340 shares (Direct); Class A Common Stock — 3,027,844 shares (Indirect, By Trust)
Footnotes (1)
  1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.02 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. Represents a charitable gift by the reporting person. 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.
Form 4 Insider Transactions: What Each Field Means →
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).
X
 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*
Spiegel Evan
(Last) (First) (Middle)
C/O SNAP INC.
3000 31ST STREET
(Street)
SANTA MONICA CA 90405
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Snap Inc [ SNAP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Class A Common Stock 12/30/2025 S 1,258,850(1) D $8.001(2) 27,824,340 D
Class A Common Stock 12/30/2025 G(3) 752,823 D $0.00 27,071,517 D
Class A Common Stock 3,027,844 I By Trust(4)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.02 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.
3. Represents a charitable gift by the reporting person.
4. 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.
/s/ Atul Porwal, Attorney-in-fact 01/02/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Snap Inc. (SNAP) shares did the insider sell on 12/30/2025?

The reporting person sold 1,258,850 shares of Snap Inc. Class A common stock on 12/30/2025 at a weighted average price of $8.001 per share.

Was the Snap Inc. insider sale made under a Rule 10b5-1 trading plan?

Yes. The sales reported were effected under a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.

What was the price range for the Snap Inc. (SNAP) insider share sales?

The weighted average sale price was $8.001 per share, with individual transactions executed at prices ranging from $8.00 to $8.02 per share, inclusive.

Did the Snap Inc. insider make any charitable gifts of shares?

Yes. On 12/30/2025, the reporting person made a charitable gift of 752,823 shares of Snap Inc. Class A common stock.

How many Snap Inc. shares does the insider own directly after these transactions?

Following the reported sale and charitable gift, the insider directly beneficially owned 27,071,517 shares of Snap Inc. Class A common stock.

What is the nature of the insider’s indirect ownership of Snap Inc. shares?

The insider indirectly beneficially owned 3,027,844 shares through an irrevocable trust over which the insider acts as trustee and has voting power but no financial interest. The beneficiaries are not immediate family members of the reporting person.

What roles does the reporting person hold at Snap Inc. (SNAP)?

The reporting person is identified as a director, chief executive officer, and 10% owner of Snap Inc.