Snap Inc. insider sale: 27,595 shares disposed to satisfy RSU tax withholding

Rhea-AI Filing Summary

Moh an Ajit, identified as Chief Business Officer and a director of Snap Inc. (SNAP), reported the sale of 27,595 shares of Snap Class A common stock on 09/16/2025. The sales were coded "S" and were made to cover tax withholding in connection with the settlement and release of restricted stock units (RSUs); each RSU converts to one share. The weighted-average price reported was $7.5571, with individual trade prices ranging from $7.51 to $7.63. After the reported disposition, the filing shows 5,464,411 shares beneficially owned. The Form 4 was signed by an attorney-in-fact on 09/18/2025.

Positive

• Transparent disclosure of the RSU-related sale with price range and weighted-average price provided
• Substantial remaining ownership retained after the sale (5,464,411 shares), indicating continued insider alignment

Negative

• Disposition of 27,595 shares reduced direct holdings, albeit for tax withholding purposes

Insights

Securities Analyst

TL;DR Insider sold a small number of shares to satisfy RSU tax withholding; holdings remain large, so market impact is minimal.

The reported sale of 27,595 shares at a weighted average of $7.5571 was explicitly described as a tax-withholding disposition tied to RSU settlement. This is a routine, non-discretionary form of insider selling that does not indicate a change in strategic ownership. The reporting person still holds 5,464,411 shares, indicating continued substantial ownership. Transaction disclosure appears complete with a specified price range of $7.51–$7.63 and appropriate signatures on the Form 4.

Corporate Governance Expert

TL;DR The filing documents a standard RSU tax-withholding sale by an officer/director; governance compliance appears observed.

The Form 4 identifies the reporting person as both an officer (Chief Business Officer) and a director, and it documents the mechanics of the sale (to cover tax obligations on RSU settlement). The explanatory footnotes clarify the transaction code and price range, and the form was executed by an attorney-in-fact. From a governance standpoint, the disclosure meets typical Section 16 reporting requirements and contains no unexplained deviations.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Mohan Ajit

(Last) (First) (Middle)

C/O SNAP INC.

3000 31ST STREET

(Street)

SANTA MONICA CA 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)
	Chief Business Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/16/2025		S		27,595(1)	D	$7.5571(2)	5,464,411	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 $7.51 to $7.63 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	09/18/2025
	** 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.

FAQ

What did Mohan Ajit report on the Form 4 for SNAP?

The filing reports the sale of 27,595 Class A shares on 09/16/2025 to cover tax withholding related to RSU settlement.

At what price were the SNAP shares sold?

The weighted-average price was reported as $7.5571, with individual transaction prices ranging from $7.51 to $7.63.

How many SNAP shares does the reporting person own after the transaction?

The Form 4 shows 5,464,411 shares beneficially owned following the reported transactions.

Why were the shares sold according to the filing?

The sale was made to cover tax withholding obligations arising from the settlement and release of restricted stock units (RSUs).

Who signed the Form 4 and when was it signed?

The Form 4 bears the signature of Atul Porwal, Attorney-in-fact, dated 09/18/2025.