Snap Inc SEC Filings

Snap Inc. insider filing reports two scheduled sales by Evan Spiegel under a Rule 10b5-1 plan. The filing shows Spiegel, identified as Director, Chief Executive Officer and a 10% owner, sold 1,347,500 shares on 08/11/2025 and 1,389,650 shares on 08/12/2025. The first block was sold at a weighted average price of $7.4176 (individual trade prices ranged $7.365–$7.465) and the second at a weighted average of $7.196 (individual trade prices ranged $7.125–$7.255). Following these transactions the filing reports 33,148,546 shares beneficially owned. An irrevocable trust holds 3,027,844 shares for which Spiegel is trustee with voting power but no financial interest. The sales were executed pursuant to a 10b5-1 plan adopted 09/10/2024 and modified 05/02/2025.

Snap Inc. (SNAP) — This Form 144 reports a proposed sale of 1,375,255 common shares to be executed through Wells Fargo Clearing Services on the NYSE with an aggregate market value of $9,920,308.77 and lists total shares outstanding as 1,435,682,333. The shares to be sold were acquired as dividend shares on 10/01/2016.

The filing also discloses two recent sales by the same seller in the past three months: 1,347,500 shares sold on 08/11/2025 for $9,914,409.85 and 1,389,650 shares sold on 08/12/2025 for $9,916,496.66. The form includes the standard Rule 144 attestations and a placeholder for Rule 10b5-1 plan adoption information, but does not provide additional issuer or filer identifying details in the visible text.

Snap Inc. entered into a private placement to sell an aggregate of $550.0 million principal amount of 6.875% Senior Notes due 2034. The notes pay cash interest semi-annually beginning March 15, 2026, and mature March 15, 2034. Net proceeds are estimated at approximately $541.3 million.

The net proceeds, together with cash on hand, were used to repurchase portions of the company’s outstanding convertible debt: approximately $157.4 million principal of 2026 Notes, $246.3 million principal of 2027 Notes and $185.8 million principal of 2028 Notes, for an aggregate cash repurchase price of about $550.1 million. These repurchases settled on or about August 12, 2025.

The Indenture for the new notes contains customary covenants and events of default, including limitations on liens, subsidiary guarantees and certain merger or asset-sale transactions. The notes are redeemable prior to September 15, 2028 at a 100% redemption price plus a make-whole premium, and up to 40% of the original principal may be redeemed with certain equity offering proceeds at 106.875% until that date.

Snap Inc. filed a Form 144 reporting a proposed sale of 1,389,650 common shares through Wells Fargo Clearing Services (St. Louis) with an aggregate market value of $9,916,496.66, planned on 08/12/2025 on the NYSE. The shares were acquired as dividend shares on 10/01/2016 from the issuer and show Date of Payment: 10/01/2016.

The filing also discloses that The Captains Chest Revocable Trust sold 1,347,500 SNAP shares on 08/11/2025, producing $9,914,409.85 in gross proceeds. The form includes a seller representation about material nonpublic information but does not show a completed filer CIK, signature block details, or a stated plan adoption date.

Robert C. Murphy, Snap Inc. Chief Technology Officer and director, reported several changes in his beneficial ownership of Class A common stock. He received 1,148,950 shares as an annuity distribution on 06/19/2025, increasing his direct holdings. On 08/07/2025 he sold 1,000,000 shares under a Rule 10b5-1 trading plan at a weighted average price of $7.8001 per share (trades ranged $7.71–$7.93). On the same date he made a charitable gift of 304,098 shares. Following these transactions he reported 52,911,126 shares held directly and 5,307,526 shares held indirectly in an irrevocable trust over which he is trustee and retains voting power but no financial interest.

James Lanzone, a director of Snap Inc. (SNAP), was granted 33,157 restricted stock units (RSUs) on 08/07/2025, each representing a contingent right to receive one share of Class A Common Stock at a $0.00 per-share price. After the award his reported beneficial ownership is 55,472 shares of Class A common stock. The RSUs vest 100% after one year of continuous service measured from August 2, 2025; they will accelerate on a pro-rata basis if he discontinues board service and will fully vest upon a change in control. Settlement of the RSUs is deferred until the earlier of the 90th day after separation or a change in control.

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.

Lynton Michael, a director of Snap Inc. (SNAP), was granted 33,157 restricted stock units (RSUs) on 08/07/2025. Each RSU represents a contingent right to one share of Class A common stock and will vest 100% after the reporting person completes one year of continuous service from August 2, 2025. Settlement of the RSUs is deferred until the earlier of the 90th day after separation from service or a change in control, with pro-rata acceleration on discontinued board service and full acceleration on a change in control; death while in service triggers immediate full vesting.

Following the grant, the reporting person is shown as beneficially owning 150,157 shares directly, with an additional 320,794 shares held by trusts and 100,000 shares held by the Lynton Foundation reported as indirect holdings. The reporting person disclaims beneficial ownership of certain family-held and trust-held shares except to the extent of any pecuniary interest.

Snap Inc. director Joanna Coles was granted 33,157 restricted stock units (RSUs) that represent the contingent right to receive one share of Class A common stock per RSU. The RSUs vest 100% after the reporting person completes one year of continuous service from August 2, 2025. Following the grant, Ms. Coles beneficially owns 85,949 Class A shares on a direct basis. The RSUs settle upon the earlier of the 90th day following separation from service or a defined change in control, include pro-rata acceleration upon discontinued board service, automatic full acceleration on a change in control, and immediate vesting in the event of the reporting person’s death.