Snap (NYSE: SNAP) CBO sells stock to cover RSU tax obligations
Rhea-AI Filing Summary
Snap Inc.'s Chief Business Officer Ajit Mohan reported a small share sale tied to taxes on equity awards. On January 16, 2026, he sold 20,848 shares of Snap Class A common stock at a weighted average price of $7.6244 per share, as disclosed under transaction code "S".
According to the footnotes, the sale represents shares sold to cover tax withholding obligations arising from the settlement and release of restricted stock units, where each RSU converts into one share of Class A common stock. After this transaction, Mohan beneficially owned 5,277,816 shares of Snap Class A common stock, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,848 | $7.6244 | $159K |
Footnotes (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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.565 to $7.67 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.
FAQ
What insider transaction did Snap (SNAP) report for Ajit Mohan?
Snap's Chief Business Officer Ajit Mohan reported a sale of 20,848 shares of Snap Class A common stock on January 16, 2026, coded as an open-market or private sale ("S").
What role does the insider in this Snap (SNAP) Form 4 hold at the company?
The reporting person, Ajit Mohan, is listed as an officer of Snap Inc., serving as the company’s Chief Business Officer.
What do the RSUs mentioned in the Snap (SNAP) Form 4 represent?
The filing explains that each RSU (restricted stock unit) granted to the reporting person represents a contingent right to receive one share of Snap’s Class A common stock upon settlement.