Snap (SNAP) CTO Murphy logs 1,000,000-share sales and major charitable gifts
Rhea-AI Filing Summary
Snap Inc. Chief Technology Officer Robert C. Murphy, who is also a director and 10% owner, reported multiple transactions in Class A common stock. On February 6, 2026, he sold 1,000,000 shares at a weighted average price of $5.27 under a Rule 10b5-1 trading plan adopted on November 5, 2024, and made a charitable gift of 300,002 shares. On February 10, 2026, he sold another 1,000,000 shares at a weighted average price of $5.3558 under a separate Rule 10b5-1 plan adopted on November 11, 2025, and made an additional charitable gift of 301,451 shares.
After these transactions, Murphy directly held 49,012,324 Class A shares. The filing also notes 5,307,526 shares held by an irrevocable trust where he serves as trustee with voting power but no financial interest, and 5,000,000 shares held by an entity or entities over which he retains investment power.
Positive
- None.
Negative
- None.
Insights
Snap’s CTO reports sizable, pre-planned stock sales and charitable gifts while retaining a large share position.
Robert C. Murphy, Snap’s CTO, director, and 10% owner, disclosed two sizable blocks of Class A share sales, each for $5.27 and $5.3558 weighted average prices in February 2026. Both were executed under Rule 10b5-1 trading plans adopted in November 2024 and November 2025, indicating pre-arranged disposition rather than ad hoc trading.
The filing also records charitable gifts totaling over $0 in consideration, reflecting transfers without sale proceeds, alongside continued large direct ownership of 49,012,324 Class A shares. Additional shares are held via an irrevocable trust, where Murphy has voting power but no financial interest, and via entities where he retains investment power, so overall governance influence remains substantial.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,000,000 | $5.3558 | $5.36M |
| Gift | Class A Common Stock | 301,451 | $0.00 | -- |
| Sale | Class A Common Stock | 1,000,000 | $5.27 | $5.27M |
| Gift | Class A Common Stock | 300,002 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 5, 2024. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.195 to $5.355 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. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.275 to $5.43 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. 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. Shares held by an entity or entities in which the reporting person retains investment power over such shares.
