STOCK TITAN

Snap Inc (SNAP) grants 46,905 RSUs to director Scott D. Miller with deferred settlement

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MILLER SCOTT D reported acquisition or exercise transactions in this Form 4 filing.

Snap IncScott D. Miller46,905 restricted stock units (RSUs)219,757 shares100% of the RSUs vest after one year of continuous service from August 1, 2026

Positive

  • None.

Negative

  • None.
Insider MILLER SCOTT D
Role Director
Type Security Shares Price Value
Grant/Award Class A Common Stock F1 46,905 $0.00 $0.00
Holdings After Transaction: Class A Common Stock — 219,757 shares (Direct)
Footnotes (1)
  1. F1. Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 100% of the RSUs shall vest after the reporting person completes one year of continuous service from August 1, 2026. The RSUs will be subject to pro-rata acceleration upon the reporting person's discontinued service on the Issuer's board of directors and automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately. The settlement of such RSUs will be deferred until the earlier of a) the 90th day following the reporting person's separation from service from the Issuer (as defined under Treasury Regulations Section 1.409A-1(h)) or b) a change in control.
RSUs Granted 46,905 shares Restricted stock units of Class A Common Stock granted to Scott D. Miller
Price per RSU $0.00 Reported transaction price per RSU for the equity award
Holdings After Grant 219,757 shares Total Class A Common Stock directly held by Scott D. Miller after the transaction
Vesting Schedule 100% after one year from August 1, 2026 Full vesting contingent on one year of continuous board service
restricted stock units financial
"Represents shares issuable on settlement of restricted stock units ("RSUs") granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
change in control financial
"automatic full acceleration in the event of a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
pro-rata acceleration financial
"subject to pro-rata acceleration upon the reporting person's discontinued service"
Treasury Regulations Section 1.409A-1(h) regulatory
"separation from service from the Issuer (as defined under Treasury Regulations Section 1.409A-1(h))"
2017 Equity Incentive Plan financial
"as defined in the Issuer's 2017 Equity Incentive Plan"

FAQ

What did Snap (SNAP) director Scott D. Miller report on this Form 4?

Scott D. Miller reported an acquisition of 46,905 RSUs, each representing one share of Snap Class A Common Stock. Following this grant, his direct holdings total 219,757 shares.

How many Snap (SNAP) RSUs were granted to Scott D. Miller and at what cost?

Scott D. Miller was granted 46,905 RSUs of Snap Class A Common Stock at a reported price of $0.00 per unit, reflecting an equity compensation award rather than an open-market purchase.

When do Scott D. Miller’s new Snap (SNAP) RSUs vest?

The 46,905 RSUs granted to Scott D. Miller will 100% vest after one year of continuous service from August 1, 2026, assuming he remains on Snap’s board during that period.

What happens to Scott D. Miller’s Snap (SNAP) RSUs if his board service ends early?

If his service on Snap’s board ends, the RSUs are subject to pro-rata acceleration. In a change in control or if he dies while in service, the RSUs become fully vested.

When will Scott D. Miller’s Snap (SNAP) RSUs be settled into shares?

Settlement of the 46,905 RSUs will be deferred until the earlier of the 90th day after his separation from service or a change in control, consistent with the company’s plan and Treasury Regulations Section 1.409A-1(h).

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

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SEC Form 4
FORM 4UNITED 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*
MILLER SCOTT D

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/07/2026A46,905(1)A$0.00219,757D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 100% of the RSUs shall vest after the reporting person completes one year of continuous service from August 1, 2026. The RSUs will be subject to pro-rata acceleration upon the reporting person's discontinued service on the Issuer's board of directors and automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately. The settlement of such RSUs will be deferred until the earlier of a) the 90th day following the reporting person's separation from service from the Issuer (as defined under Treasury Regulations Section 1.409A-1(h)) or b) a change in control.
/s/ Marzena Gellert, Attorney-in-fact08/11/2026
** Signature of Reporting PersonDate
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)