Tax-driven sale: Snap (NYSE: SNAP) CFO disposes 92,956 RSU shares

Rhea-AI Filing Summary

Snap Inc. Chief Financial Officer Derek Andersen disposed of 92,956 shares of Class A Common Stock in a transaction dated March 16, 2026. These shares were sold to cover tax withholding obligations arising from the settlement of restricted stock units granted by the company. The shares were sold at a weighted average price of $4.5942 per share across multiple trades. After this tax-related sale, Andersen remained the direct owner of 3,799,661 Snap Class A shares, indicating he continues to hold a substantial equity position.

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^*

Andersen Derek

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		S		92,956(1)	D	$4.5942(2)	3,799,661	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 $4.555 to $4.670 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	03/17/2026
	** 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.

FAQ

What did Snap (SNAP) CFO Derek Andersen report in this Form 4?

Derek Andersen reported a tax-related share disposition. He sold 92,956 Snap Class A shares on March 16, 2026 solely to cover tax withholding obligations tied to the settlement of restricted stock units granted by the company.

How many Snap (SNAP) shares did the CFO dispose of and at what price?

The CFO disposed of 92,956 shares at a weighted average price of $4.5942. The footnotes state these shares were sold in multiple transactions, with individual prices ranging from $4.555 to $4.670 per share, all on the same date.

Why did Snap CFO Derek Andersen sell 92,956 SNAP shares?

The sale was to cover tax withholding obligations. The filing explains the shares were sold in connection with the settlement and release of restricted stock units, meaning the disposition was driven by tax requirements rather than a discretionary portfolio decision.

How many Snap (SNAP) shares does the CFO still own after this transaction?

After the transaction, Andersen directly owned 3,799,661 shares. This figure, disclosed in the filing, shows that the 92,956 shares sold for tax withholding represent a small portion of his overall Snap equity holdings.

Does this Snap (SNAP) Form 4 indicate an open-market sale by the CFO?

The transaction used a sale mechanism but was tax-driven. Although coded as a sale, the footnotes clarify the purpose was to satisfy tax withholding on vested restricted stock units, which is typically considered an administrative, low-signal event.

What price range did the Snap CFO’s tax-related share sales cover?

The sales occurred within a narrow price range. The filing notes that individual trades were executed between $4.555 and $4.670 per share, with a reported weighted average sale price of $4.5942 for the 92,956 shares.