Snap Form 4: Chief Business Officer disposes 184,287 shares for RSU taxes

Rhea-AI Filing Summary

Mohan Ajit, Chief Business Officer of Snap Inc. (SNAP) reported the sale of 184,287 shares of Class A common stock on 08/18/2025. The filing states these shares were sold to cover tax-withholding obligations arising from the settlement and release of restricted stock units (RSUs) granted to him, with a reported weighted-average price of $7.1753 per share (individual sale prices ranged from $7.125 to $7.32). After the transaction, the reporting person beneficially owned 5,492,006 shares. The Form 4 was signed by an attorney-in-fact on 08/20/2025. No derivative transactions or other classes of securities were reported.

Positive

• None.

Negative

• Disposition of 184,287 Class A shares reducing beneficial ownership to 5,492,006 shares.

Insights

Securities Analyst

TL;DR Insider sold shares to satisfy RSU tax withholding; transaction appears routine and non-material to corporate operations.

The sale of 184,287 Class A shares at a weighted-average price of $7.1753 reflects a common practice where RSU recipients sell shares to cover taxes upon vesting. The transaction reduced beneficial ownership to 5,492,006 shares. There is no indication of additional derivative activity or unusual trading patterns in the filing. For investors, this filing documents insider liquidity related to compensation rather than a change in corporate control or a material financing event.

Corporate Governance Expert

TL;DR Disclosure is standard: sale tied to RSU tax obligations and properly reported on Form 4.

The Form 4 identifies the reporting person as an officer and discloses the nature of the disposition as tax withholding related to RSU settlement, including the price range and weighted-average price. The filing was executed by an attorney-in-fact, which is an accepted practice. From a governance perspective, the filing meets Section 16 reporting requirements and contains required explanatory detail about the multiple-sale price range and the offer to furnish breakdowns on request.

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
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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).

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^*

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)
08/18/2025

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	08/18/2025		S		184,287(1)	D	$7.1753(2)	5,492,006	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 $7.125 to $7.32 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	08/20/2025
	** 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 Snap (SNAP) insider Mohan Ajit report on this Form 4?

Mohan Ajit reported selling 184,287 Class A shares on 08/18/2025 to cover tax-withholding obligations from RSU settlement.

At what price were the shares sold in the Mohan Ajit Form 4?

Weighted-average price $7.1753 per share; individual sale prices ranged from $7.125 to $7.32.

How many Snap shares does Mohan Ajit beneficially own after the reported sale?

5,492,006 shares of Class A common stock following the transaction.

Why were the shares sold according to the Form 4?

The shares were sold to cover tax-withholding obligations in connection with the settlement and release of restricted stock units (RSUs).

When was the transaction and when was the Form 4 signed?

Transaction date: 08/18/2025; Form signed by attorney-in-fact on 08/20/2025.