[Form 4] Snap Inc Insider Trading Activity

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Snap Inc General Counsel Zachary M. Briers reported open-market sales of 203,325 shares of Class A common stock on February 17 and 18, 2026, at weighted average prices near $4.70 per share. The footnotes state the sales were made to cover tax withholding on vested RSUs and were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025. Following these transactions, Briers directly owned about 2.79 million shares of Snap Class A common stock.

Insider Trade Summary

Net Seller: 203,325 shares ($958,120)

Net Sell 2 txns

Insider Briers Zachary M

Role General Counsel

Sold 203,325 shs ($958K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	68,620	$4.7324	$325K
Sale	Class A Common Stock	134,705	$4.702	$633K

Holdings After Transaction: Class A Common Stock — 2,785,468 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 November 17, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.66 to $4.76 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.

Form 4 Insider Transactions: What Each Field Means →

02/19/2026 - 07:00 PM

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).

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^*

Briers Zachary M

(Last)

(First)

(Middle)

C/O SNAP INC.

3000 31ST STREET

(Street)

SANTA MONICA

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/17/2026		S		134,705⁽¹⁾	D	$4.702⁽²⁾	2,854,088	D
Class A Common Stock	02/18/2026		S		68,620⁽³⁾	D	$4.7324⁽⁴⁾	2,785,468	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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.

2. 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.

3. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.66 to $4.76 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.

	/s/ Atul Porwal, Attorney-in-fact	02/19/2026
	** 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

What insider transaction did Snap (SNAP) report for Zachary Briers?

Snap reported that General Counsel Zachary M. Briers sold 203,325 shares of Class A common stock. The sales occurred on February 17 and 18, 2026, at weighted average prices around $4.70 per share in open-market transactions.

Why did Snap (SNAP) General Counsel Zachary Briers sell shares?

The filing states the sales were made to cover tax withholding obligations from the settlement of restricted stock units. This means a portion of vested RSUs was sold to pay taxes due when the stock awards converted into shares.

Were Zachary Briers’ Snap (SNAP) stock sales under a trading plan?

Yes. The filing notes the sales were effected under a Rule 10b5-1 trading plan adopted on November 17, 2025. Such plans allow insiders to pre-schedule trades, providing structure and reducing the appearance of trading on nonpublic information.

How many Snap (SNAP) shares did Zachary Briers sell and at what prices?

He sold 203,325 shares in total. One batch of 134,705 shares had a weighted average price of $4.7020, and another 68,620 shares had a weighted average price of $4.7324, with individual trades executed within disclosed price ranges.

How many Snap (SNAP) shares does Zachary Briers hold after these sales?

After the reported sales, Briers directly owned 2,785,468 shares of Snap Class A common stock. This figure reflects his remaining direct holdings as of the last transaction date disclosed in the Form 4 filing.

What do the RSU details in the Snap (SNAP) filing mean for shareholders?

Each RSU represents a right to receive one share of Class A common stock upon vesting. When RSUs settle, taxes are due, and insiders often sell shares to cover those obligations, as described in this filing for Briers’ transactions.