SNAP insider filing: Patrick Spence receives 33,157 RSUs; ownership rises to 71,766

Rhea-AI Filing Summary

Snap Inc. director Patrick Spence was granted 33,157 restricted stock units on 08/07/2025, recorded as an acquisition at a $0.00 price. After the grant, the reporting person beneficially owns 71,766 shares on a direct basis. The Form 4 identifies the reporting person as a company director and shows the form was filed by one reporting person.

The RSUs vest 100% after the reporting person completes one year of continuous service from August 2, 2025. Vesting may accelerate pro rata on discontinued board service and fully upon a change in control; death results in immediate full vesting. Settlement is deferred until the earlier of the 90th day after separation or a change in control.

Insights

Financial Analyst

TL;DR: Director received a one-year cliff grant of 33,157 RSUs, raising direct beneficial ownership to 71,766 shares.

The grant is a routine equity award to a board member documented on a Form 4 dated 08/07/2025 and filed with a signature dated 08/11/2025. The award carries a one-year cliff vesting measured from August 2, 2025, with standard change-in-control and death acceleration provisions and deferred settlement rules. For investors, this is a governance and compensation disclosure rather than a corporate-action event; it clarifies director alignment but does not by itself change company financials.

Corporate Governance Expert

TL;DR: Compensation-related RSU grant with customary acceleration and settlement terms disclosed; aligns director incentives.

The Form 4 confirms standard award mechanics: 100% vesting after one year of continuous service from August 2, 2025; pro-rata acceleration on discontinued service; full acceleration on change in control; immediate vesting upon death; settlement deferred until the earlier of the 90th day post-separation or a change in control. The filing shows direct beneficial ownership of 71,766 shares post-grant, which is material to disclosure requirements but typical for director compensation reporting.

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
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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^*

Spence Patrick

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

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		A		33,157(1)	A	$0.00	71,766	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 2, 2025. 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/ Atul Porwal, Attorney-in-fact	08/11/2025
	** 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.

FAQ

What did the Snap (SNAP) Form 4 filed by Patrick Spence report?

It reported the grant of 33,157 restricted stock units (RSUs) acquired on 08/07/2025 and recorded at a $0.00 price.

How many shares does Patrick Spence beneficially own after the reported transaction?

The Form 4 shows 71,766 shares beneficially owned following the reported transaction, held directly.

When do the RSUs granted to Patrick Spence vest?

The RSUs vest 100% after one year of continuous service from August 2, 2025.

Are there acceleration or settlement provisions for these RSUs?

Yes. There is pro-rata acceleration on discontinued service, full acceleration on a change in control, immediate vesting on death, and settlement is deferred until the earlier of the 90th day after separation or a change in control.

Who filed the Form 4 and when was it signed?

The Form was filed by one reporting person, Patrick Spence, and the signature on the form is dated 08/11/2025 by an attorney-in-fact.