STOCK TITAN

Snap (SNAP) awards director Luke Wood 46,905 RSUs with 2026 vesting

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Wood Luke reported acquisition or exercise transactions in this Form 4 filing.

Snap Inc director Luke Wood received a grant of 46,905 Class A shares in the form of restricted stock units (RSUs). Each RSU represents one share of Class A common stock. The award vests 100% after he completes one year of continuous service from August 1, 2026, with pro‑rata acceleration if his board service ends earlier, full acceleration upon a change in control under Snap’s 2017 Equity Incentive Plan, and immediate full vesting if he dies while in continuous service. Following this grant, Wood holds 60,091 Class A shares/RSUs directly.

Positive

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Insider Wood Luke
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 — 60,091 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.
RSUs granted 46,905 shares Restricted stock units of Class A Common Stock granted to Luke Wood
Price per share $0.0000 Reported transaction price for the RSU grant
Holdings after grant 60,091 shares Total direct Class A holdings/RSUs following the transaction
Vesting date reference August 1, 2026 RSUs vest 100% after one year of continuous service from this date
restricted stock units ("RSUs") financial
"Represents shares issuable on settlement of restricted stock units ("RSUs") granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
change in control financial
"automatic full acceleration in the event of a change in control, as defined"
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.
2017 Equity Incentive Plan financial
"change in control, as defined in the Issuer's 2017 Equity Incentive Plan"

FAQ

What did Snap (SNAP) director Luke Wood receive in this Form 4 filing?

Luke Wood received a grant of 46,905 RSUs, each representing one share of Snap Class A common stock. These RSUs are part of his director compensation and increase his direct holdings to 60,091 shares/units.

When do Luke Wood’s 46,905 Snap (SNAP) RSUs vest?

All 46,905 RSUs vest 100% after Luke Wood completes one year of continuous service from August 1, 2026. Vesting depends on his continued service on Snap’s board of directors during that period.

Are there acceleration provisions on Luke Wood’s Snap (SNAP) RSU grant?

Yes. The RSUs are subject to pro‑rata acceleration if his board service ends, automatic full acceleration upon a change in control under the 2017 Equity Incentive Plan, and immediate full vesting if he dies while in continuous service.

How many Snap (SNAP) shares does Luke Wood hold after this RSU grant?

After the grant, Luke Wood directly holds 60,091 shares/RSUs of Snap Class A common stock. This figure includes the newly granted 46,905 restricted stock units reported in this Form 4 filing.

Did Luke Wood pay anything per share for the Snap (SNAP) RSU grant?

No. The Form 4 reports the transaction price as $0.00 per share. The 46,905 RSUs represent a compensation award rather than an open‑market purchase of Snap Class A common stock.

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

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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*
Wood Luke

(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$0.0060,091D
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.
/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)