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Abigail P. Johnson/FMR Disclose 6.7% Stake in SNAP Class A

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

FMR LLC and Abigail P. Johnson report beneficial ownership of 96,806,403.27 shares of Snap Inc. Class A common stock, representing 6.7% of the class. FMR LLC discloses 83,045,612.78 shares of sole voting power and 96,806,403.27 shares of sole dispositive power; Abigail P. Johnson is shown with 96,806,403.27 shares of sole dispositive power and no voting power. The filing states these securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

The report attaches a referenced agreement and powers of attorney for authorization and identifies that some other persons may have rights to dividends or proceeds but no other person holds more than 5% of the Class A shares.

Positive

  • Disclosure of a material stake: 96,806,403.27 shares (6.7% of Class A) provides transparency to investors
  • Clear power breakdown: FMR LLC reports 83,045,612.78 shares of sole voting power and 96,806,403.27 shares of sole dispositive power
  • Held in ordinary course: Filing certifies securities were not acquired to change or influence control

Negative

  • None.

Insights

TL;DR: FMR LLC and Abigail P. Johnson disclose a meaningful 6.7% Class A stake in Snap, confirmed as held in the ordinary course of business.

The filing documents a sizeable passive economic position in Snap's Class A stock: 96.8 million shares equal to 6.7% of the class, a level that requires public disclosure and can influence market perception. The split between voting and dispositive power—substantial dispositive power with limited shared voting—suggests portfolio management control over dispositions while voting rights are concentrated with FMR LLC for a large subset. The certification that holdings are not for control purposes reduces governance concern but does not change the economic significance of the stake.

TL;DR: Material passive ownership disclosed; governance impact appears limited per the filing's certification.

The schedule shows a material disclosed stake above the 5% threshold that triggers enhanced transparency. FMR LLC's reported sole voting power on 83.0 million shares versus Abigail Johnson's zero reported voting power is notable for understanding who exercises vote control. The filing also notes potential third parties with dividend or sale proceeds rights, but none exceed 5%, which limits the likelihood of undisclosed controlling interests. The attached power-of-attorney exhibits clarify authorization for the filing.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



FMR LLC
Signature:Stephanie J. Brown
Name/Title:Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:09/05/2025
Abigail P. Johnson
Signature:Stephanie J. Brown
Name/Title:Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson**
Date:09/05/2025

Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.
Exhibit Information

Please see Exhibit 99 for 13d-1(k) (1) agreement.

FAQ

How many Snap (SNAP) Class A shares does FMR LLC report owning?

FMR LLC reports beneficial ownership of 96,806,403.27 shares of Snap Class A, representing 6.7% of the class.

What voting power does FMR LLC have over SNAP Class A shares?

FMR LLC reports 83,045,612.78 shares of sole voting power and 0 shared voting power.

Does Abigail P. Johnson hold voting power over SNAP Class A shares?

Abigail P. Johnson is reported with 0 sole voting power and 96,806,403.27 shares of sole dispositive power.

Is the reported stake intended to influence control of Snap (SNAP)?

The filing certifies the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Are any other persons known to have more than 5% of Snap Class A via these holdings?

The filing states one or more other persons may have rights to dividends or proceeds, but no single other person has an interest exceeding 5% of the Class A stock.
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