SNAP Form 4: Elizabeth Jenkins awarded 33,157 RSUs, vesting after one year

Rhea-AI Filing Summary

Elizabeth Jenkins, a Snap Inc. director, was granted 33,157 restricted stock units (RSUs) on 08/07/2025, each convertible into one share of Class A common stock at no cash price. The filing shows she beneficially owns 73,563 shares following the award. The RSUs vest 100% after one year of continuous service beginning August 2, 2025, are subject to pro-rata acceleration on discontinued service and full acceleration upon a change in control, and will fully vest if the reporting person dies while in continuous service. The Form 4 was filed individually and signed by an attorney-in-fact on 08/11/2025.

Positive

• Grant of 33,157 RSUs to a director increases the director's stake and aligns interests with shareholders
• Clear vesting and acceleration terms (100% after one year from 08/02/2025, pro-rata on termination, full on change in control) are disclosed

Negative

• None.

Insights

Securities Analyst

Routine director equity grant; limited immediate market impact but increases insider alignment and disclosed beneficial ownership.

The Form 4 documents an equity award of 33,157 RSUs to director Elizabeth Jenkins, reported as acquired on 08/07/2025, with reported beneficial ownership of 73,563 shares after the grant. The award price is shown as $0.00, consistent with restricted stock unit grants that settle in shares. Vesting is time-based (100% after one year from 08/02/2025) with standard acceleration provisions on termination and change in control. Based solely on the filing, this is a routine corporate governance disclosure rather than a material operational event.

Corporate Governance Expert

Compensation terms include one-year cliff vesting with pro-rata and change-in-control acceleration; standard director protective provisions.

The explanatory note states the RSUs vest 100% after one year of continuous service from August 2, 2025, will accelerate pro-rata on discontinued board service, automatically vest on a defined change in control, and vest on the reporting person's death during service. These contractual terms align with common director equity practices to retain board members and protect beneficiaries; no additional governance actions or departures are disclosed in this filing.

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

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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^*

Jenkins Elizabeth

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		A		33,157(1)	A	$0.00	73,563	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 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 2, 2025. 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.

	/s/ Atul Porwal, Attorney-in-fact	08/11/2025
	** 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 Elizabeth Jenkins report on Form 4 for SNAP?

The Form 4 reports a grant of 33,157 RSUs dated 08/07/2025, and shows 73,563 shares beneficially owned following the transaction.

How many RSUs were granted and at what price in the SNAP Form 4?

The filing discloses 33,157 RSUs granted with a reported price of $0.00.

When do the RSUs vest for Elizabeth Jenkins (SNAP)?

The RSUs vest 100% after one year of continuous service from August 2, 2025, with pro-rata acceleration on discontinued service and full acceleration on a change in control; death while in service also triggers full vesting.

What is Elizabeth Jenkins' relationship to Snap Inc. per the filing?

The filing identifies Elizabeth Jenkins as a Director of Snap Inc.

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

The transaction date is 08/07/2025, and the Form 4 bears a signature dated 08/11/2025 by an attorney-in-fact.