Snap (NYSE: SNAP) CFO sells shares, still holds over 2.3M

Rhea-AI Filing Summary

Snap Inc (SNAP) reported that Chief Financial Officer Douglas Hott sold 131,884 shares of Class A Common Stock on August 17, 2026. The shares were sold primarily to cover tax withholding obligations arising from the settlement and release of restricted stock units (RSUs), according to the footnotes. The sale was executed at a weighted average price of $5.1974 per share, with individual trades occurring between $5.065 and $5.28 per share. Following this transaction, Hott directly held 2,324,563 shares of Snap Inc Class A Common Stock.

Insider Trade Summary

Net Seller: 131,884 shares

Net Sell 1 txn

Insider Hott Douglas

Role Chief Financial Officer

Sold 131,884 shs ($685K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	131,884	$5.1974	$685K

Holdings After Transaction: Class A Common Stock — 2,324,563 shares (Direct)

Footnotes (2)

1. F1. 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. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.065 to $5.28 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.

Key Figures

Shares sold: 131,884 shares Weighted average sale price: $5.1974 per share Sale price range: $5.065 to $5.28 per share +2 more

5 metrics

Shares sold 131,884 shares Class A Common Stock sold by CFO Douglas Hott on August 17, 2026

Weighted average sale price $5.1974 per share Weighted average price for 131,884 shares sold

Sale price range $5.065 to $5.28 per share Range of prices for multiple transactions included in the reported sale

Shares held after transaction 2,324,563 shares Directly owned Class A Common Stock by CFO Douglas Hott following the sale

Net shares sold (summary) 131,884 shares Net selling activity in the Form 4 transaction summary

Key Terms

restricted stock units ("RSUs"), weighted average price, tax withholding obligations

3 terms

restricted stock units ("RSUs") financial

"in connection with the settlement and release of restricted stock units ("RSUs")"

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.

weighted average price financial

"The reported price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

tax withholding obligations financial

"sale of shares to cover tax withholding obligations in connection with the settlement"

FAQ

What insider transaction did SNAP CFO Douglas Hott report on this Form 4?

CFO Douglas Hott reported selling 131,884 shares of Snap Inc Class A Common Stock on August 17, 2026. The sale was made in connection with RSU settlement-related tax withholding obligations.

At what price did SNAP CFO Douglas Hott sell the 131,884 shares?

The 131,884 shares were sold at a weighted average price of $5.1974 per share. Footnotes state the individual sale prices ranged from $5.065 to $5.28 per share.

How many SNAP shares does CFO Douglas Hott hold after the reported sale?

After the transaction, CFO Douglas Hott directly held 2,324,563 shares of Snap Inc Class A Common Stock. This figure reflects his post-transaction ownership reported in the Form 4 filing.

Why did SNAP CFO Douglas Hott sell shares in this Form 4 filing?

The filing states the sale was to cover tax withholding obligations from the settlement and release of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Snap’s Class A Common Stock.

Was the SNAP insider sale by CFO Douglas Hott under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked as a plan transaction. Footnotes describing the sale reference tax withholding obligations but do not state it occurred under a 10b5-1 plan.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 07:00 PM Accepted by SEC EDGAR 08/19/2026 - 07:00 PM Learn about SEC filing dates

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^*

Hott Douglas

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/17/2026		S		131,884(1)	D	$5.1974(2)	2,324,563	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 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 $5.065 to $5.28 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/ Marzena Gellert, Attorney-in-fact	08/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)