Snap (NYSE: SNAP) counsel’s 11,437-share sale under 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Snap Inc General Counsel Zachary M. Briers executed an open-market sale of 11,437 shares of Class A Common Stock at $6.04 per share on April 15, 2026. After this transaction, he directly owned 2,774,031 shares. The filing notes the sale was carried out under a Rule 10b5-1 trading plan adopted on November 17, 2025.

Insider Trade Summary 10b5-1

Net Seller: 11,437 shares ($69,079)

Net Sell 1 txn

Insider Briers Zachary M

Role General Counsel

Sold 11,437 shs ($69K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	11,437	$6.04	$69K

Holdings After Transaction: Class A Common Stock — 2,774,031 shares (Direct)

Footnotes (1)

[object Object]

Key Figures

Shares sold: 11,437 shares Sale price: $6.04 per share Shares owned after transaction: 2,774,031 shares

3 metrics

Shares sold 11,437 shares Open-market sale on April 15, 2026

Sale price $6.04 per share Class A Common Stock transaction price

Shares owned after transaction 2,774,031 shares Direct ownership following Form 4 sale

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock, Form 4

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted..."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

""security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 07:00 PM

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^*

Briers Zachary M

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/15/2026		S		11,437⁽¹⁾	D	$6.04	2,774,031	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.

	/s/ Marzena Gellert, Attorney-in-fact	04/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Snap (SNAP) report for Zachary M. Briers?

Snap reported that General Counsel Zachary M. Briers sold 11,437 shares of Class A Common Stock in an open-market transaction at $6.04 per share. This trade was disclosed in a Form 4 insider filing with the SEC.

At what price did Snap (SNAP) General Counsel sell shares?

The General Counsel sold 11,437 shares of Snap Class A Common Stock at $6.04 per share. This reported price reflects the sale transaction disclosed in the Form 4 insider trading report filed with the SEC.

How many Snap (SNAP) shares does Zachary M. Briers hold after the sale?

Following the reported sale, Zachary M. Briers directly owns 2,774,031 shares of Snap Class A Common Stock. This post-transaction ownership figure is explicitly stated in the Form 4 insider filing submitted to the SEC.

Was the Snap (SNAP) insider sale under a Rule 10b5-1 plan?

Yes. The Form 4 footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Zachary M. Briers on November 17, 2025. Such plans pre-schedule trades according to predetermined instructions.

What role does Zachary M. Briers hold at Snap (SNAP)?

Zachary M. Briers serves as an officer of Snap with the title of General Counsel. His status and title are disclosed in the insider trading report, which identifies him as the reporting person for this transaction.

Was the Snap (SNAP) insider transaction a buy or a sell?

The insider transaction was a sell. The Form 4 identifies the transaction code as “S” and describes it as an open-market sale of 11,437 shares of Snap’s Class A Common Stock by the reporting person.