Snap (SNAP) awards 46,905 RSUs to director Michael Lynton
Rhea-AI Filing Summary
Lynton Michael reported acquisition or exercise transactions in this Form 4 filing.
Snap Inc director Michael Lynton reported a grant of 46,905 restricted stock units (RSUs) covering Class A Common Stock on August 7, 2026. The RSUs vest 100% after one year of continuous service from August 1, 2026, with pro-rata or full acceleration on certain board departures, change in control events, or death. Following the grant, Lynton holds 197,062 Class A shares directly, and additional indirect holdings include 320,794 shares held by family members and related entities and 100,000 shares held by Lynton Foundation, for which he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 46,905 shares
Net Buy
3 txns
Insider
Lynton Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 46,905 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 197,062 shares (Direct);
Class A Common Stock — 320,794 shares (Indirect, By Trust);
Class A Common Stock — 100,000 shares (Indirect, By Lynton Foundation)
Footnotes (3)
- 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.
- F2. Includes 300,133 shares held by certain immediate family members of the reporting person for which the reporting person disclaims beneficial ownership except as to the reporting person's indirect pecuniary interest therein, if any. The remaining shares are held by an entity or entities in which the reporting person acts as trustee and the reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F3. The reporting person is trustee of Lynton Foundation. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
Key Figures
RSU grant size: 46,905 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 197,062 shares
+2 more
5 metrics
RSU grant size
46,905 shares
Restricted stock units covering Class A Common Stock granted August 7, 2026
Grant price per share
$0.0000 per share
Equity award with no cash price stated per share
Direct holdings after grant
197,062 shares
Class A Common Stock directly held by Michael Lynton following the transaction
Indirect family and entity holdings
320,794 shares
Class A Common Stock held by family members and related entities, beneficial ownership disclaimed except pecuniary interest
Lynton Foundation holdings
100,000 shares
Class A Common Stock held by Lynton Foundation, beneficial ownership disclaimed except pecuniary interest
Key Terms
restricted stock units ("RSUs"), change in control, beneficial ownership, pecuniary interest
4 terms
restricted stock units ("RSUs") financial
"Represents shares issuable on settlement of restricted stock units ("RSUs") granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
change in control financial
"automatic full acceleration in the event of a change in control, as defined"
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.
beneficial ownership financial
"for which the reporting person disclaims beneficial ownership except as to"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except as to the reporting person's pecuniary interest therein"
FAQ
What did Snap (SNAP) director Michael Lynton report in this Form 4?
Michael Lynton reported a grant of 46,905 restricted stock units (RSUs) tied to Snap’s Class A Common Stock. The award is a compensation-related acquisition, not an open-market purchase or sale.
How do Michael Lynton’s new RSUs at Snap (SNAP) vest?
The 46,905 RSUs vest 100% after Lynton completes one year of continuous service from August 1, 2026. Vesting may accelerate pro-rata on certain board departures or fully upon change in control or death.
Was Michael Lynton’s Snap (SNAP) RSU grant made under a 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is unchecked, and the footnotes do not reference a 10b5-1 plan. The RSU grant is described as a standard equity award for board service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
