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Snap Inc (SNAP) director Patrick Spence granted 46,905 RSUs with deferred settlement

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Spence Patrick reported acquisition or exercise transactions in this Form 4 filing.

Snap Inc director Patrick Spence received a grant of 46,905 restricted stock units (RSUs), each representing one share of Class A Common Stock. 100% of the RSUs vest after he completes one year of continuous service from August 1, 2026, with pro-rata or full acceleration upon certain board service changes, a change in control under the 2017 Equity Incentive Plan, or death. Settlement of vested RSUs is deferred until the earlier of the 90th day after separation from service or a change in control. Following this award, Spence holds 118,671 shares/RSUs directly.

Positive

  • None.

Negative

  • None.
Insider Spence Patrick
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 — 118,671 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. 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.
RSUs granted 46,905 RSUs Restricted stock units granted to Patrick Spence on 2026-08-07
Post-transaction holdings 118,671 shares/RSUs Total direct Class A Common Stock/RSUs after the grant
Vesting service date reference August 1, 2026 One year of continuous service from this date required for 100% vesting
Settlement timing Earlier of 90th day after separation or change in control Deferral terms for RSU settlement under plan and tax rules
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.
pro-rata acceleration financial
"subject to pro-rata acceleration upon the reporting person's discontinued service"
Treasury Regulations Section 1.409A-1(h) regulatory
"separation from service from the Issuer (as defined under Treasury Regulations Section 1.409A-1(h))"

FAQ

What did Snap (SNAP) director Patrick Spence report in this Form 4?
Patrick Spence reported a grant of 46,905 RSUs tied to Snap’s Class A Common Stock, increasing his directly reported holdings to 118,671 shares/RSUs after the award.

How many Snap (SNAP) RSUs were granted to Patrick Spence?
Patrick Spence was granted 46,905 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Snap’s Class A Common Stock upon vesting and subsequent settlement.

When do Patrick Spence’s new Snap (SNAP) RSUs vest?
The filing states that 100% of the RSUs vest after Spence completes one year of continuous service from August 1, 2026, subject to specified acceleration conditions, including certain board service changes, change in control, or death.

What are Patrick Spence’s Snap (SNAP) holdings after this RSU grant?
After the reported RSU grant, Patrick Spence’s directly reported holdings total 118,671 shares/RSUs of Snap Class A Common Stock, according to the post-transaction balance in the Form 4 data.

How is settlement of Patrick Spence’s Snap (SNAP) RSUs timed?
The RSUs will be settled in shares on a deferred basis, at the earlier of the 90th day after separation from service or a change in control, as described under applicable plan and tax rules.

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

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Form 4 Insider Transactions: What Each Field Means →
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*
Spence Patrick
(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$0.00118,671D
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. 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/ 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)

Source: View Original Filing on SEC EDGAR