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STOCK TITAN

[Form 4] Snap Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Snap Inc. (SNAP) � Form 4 insider transaction

Chief Financial Officer Derek Andersen reported the sale of 33,886 Class A shares on 16-Jun-2025 at a weighted-average price of $8.0403. The filing states the sale was executed solely to satisfy tax-withholding obligations arising from the vesting of restricted stock units (RSUs); it is therefore classified under Transaction Code “S� (open-market sale).

Following the transaction, Andersen continues to beneficially own 3,204,418 Class A shares, indicating he still retains a substantial economic stake in Snap. The price range for the multiple trades that produced the weighted average was $7.915 � $8.18; full breakdowns are available upon request, per standard SEC footnote language.

No derivative securities were reported in this filing, and there is no indication of a 10b5-1 trading plan check-box being marked. The Form 4 covers only one reporting person and one non-derivative transaction and does not include option exercises or new grants.

For investors, the key takeaway is that the disposal was administrative in nature (tax cover) rather than a discretionary reduction, limiting negative signalling. Nonetheless, any insider sale can attract attention, especially given SNAP’s share price levels in the mid-single digits.

Snap Inc. (SNAP) � Transazione interna Form 4

Il Chief Financial Officer Derek Andersen ha segnalato la vendita di 33.886 azioni di Classe A il 16 giugno 2025 a un prezzo medio ponderato di 8,0403 $. La dichiarazione specifica che la vendita è stata effettuata esclusivamente per adempiere agli obblighi fiscali di ritenuta derivanti dalla maturazione di unità di azioni vincolate (RSU); pertanto, è classificata sotto il Codice Transazione “S� (vendita sul mercato aperto).

Dopo la transazione, Andersen mantiene la proprietà effettiva di 3.204.418 azioni di Classe A, segnalando un consistente interesse economico in Snap. La fascia di prezzo per le varie operazioni che hanno determinato la media ponderata è stata compresa tra 7,915 $ e 8,18 $; dettagli completi sono disponibili su richiesta, secondo la consueta nota a piè di pagina SEC.

Non sono stati segnalati titoli derivati in questa comunicazione e non risulta selezionata la casella relativa a un piano di trading 10b5-1. Il Form 4 riguarda un solo soggetto segnalante e una sola transazione non derivata, senza esercizi di opzioni o nuove assegnazioni.

Per gli investitori, il punto principale è che la cessione è stata di natura amministrativa (copertura fiscale) e non una riduzione discrezionale, limitando così eventuali segnali negativi. Tuttavia, ogni vendita da parte di un insider può attirare attenzione, soprattutto considerando il prezzo delle azioni SNAP nella fascia delle cifre medie singole.

Snap Inc. (SNAP) � Transacción interna Formulario 4

El Director Financiero Derek Andersen informó la venta de 33.886 acciones Clase A el 16 de junio de 2025 a un precio promedio ponderado de 8,0403 $. El informe indica que la venta se realizó únicamente para cumplir con las obligaciones de retención fiscal derivadas de la consolidación de unidades restringidas de acciones (RSU); por ello, se clasifica bajo el Código de Transacción “S� (venta en mercado abierto).

Tras la transacción, Andersen continúa poseyendo beneficiosamente 3.204.418 acciones Clase A, lo que indica que mantiene una participación económica significativa en Snap. El rango de precios para las múltiples operaciones que generaron el promedio ponderado fue de 7,915 $ a 8,18 $; desgloses completos están disponibles a solicitud, según el lenguaje estándar de notas al pie de la SEC.

No se reportaron valores derivados en esta presentación ni hay indicios de que se haya marcado la casilla de un plan de negociación 10b5-1. El Formulario 4 cubre solo a una persona informante y una transacción no derivada, sin incluir ejercicios de opciones o nuevas concesiones.

Para los inversores, la conclusión clave es que la disposición fue de naturaleza administrativa (cobertura fiscal) y no una reducción discrecional, limitando señales negativas. Sin embargo, cualquier venta por parte de un insider puede atraer atención, especialmente dado el nivel del precio de las acciones de SNAP en cifras medias bajas.

Snap Inc. (SNAP) � Form 4 내부� 거래 보고

최고재무책임� Derek Andersen은 2025� 6� 16일에 33,886� 클래� A 주식 매도가중평� 가� 8.0403달러� 보고했습니다. 신고서에 따르� � 매도� 제한 주식 단위(RSU)� 권리 확정으로 인한 세금 원천징수 의무 충족� 위해서만 수행되었�� 명시하며, 따라� 거래 코드 “S�(공개시장 매도)� 분류됩니�.

거래 � Andersen은 여전� 3,204,418� 클래� A 주식� 실질 소유하고 있어 Snap� 상당� 경제� 이해관계를 유지하고 있음� 보여줍니�. 가중평� 가격을 산출� 여러 거래� 가� 범위� 7.915달러에서 8.18달러 사이였으며, 전체 내역은 요청 � 제공 가능합니다(SEC 표준 각주 문구� 따름).

이번 신고서에� 파생 증권 보고가 없으�, 10b5-1 거래 계획 체크박스� 선택되지 않았습니�. Form 4� 단일 신고자와 단일 비파� 거래만을 포함하며, 옵션 행사� 신규 부여는 포함하지 않습니다.

투자자들에게 중요� 점은 이번 매도� 세금 납부 목적� 행정� 성격이었으며 임의� 매도 감소가 아니므� 부정적 신호� 제한한다� 것입니다. 그럼에도 불구하고 내부� 매도� 특히 SNAP 주가가 중간 단일 숫자 수준� 있을 � 주목� 받을 � 있습니다.

Snap Inc. (SNAP) � Transaction d’initié Formulaire 4

Le Directeur Financier Derek Andersen a déclaré la vente de 33 886 actions de Classe A le 16 juin 2025 à un prix moyen pondéré de 8,0403 $. Le dépôt indique que la vente a été effectuée uniquement pour satisfaire aux obligations de retenue fiscale résultant de l’acquisition des unités d’actions restreintes (RSU) ; elle est donc classée sous le code de transaction « S » (vente sur le marché ouvert).

Après la transaction, Andersen détient toujours bénévolement 3 204 418 actions de Classe A, ce qui indique qu’il conserve une participation économique significative dans Snap. La fourchette de prix des multiples transactions ayant conduit à la moyenne pondérée était de 7,915 $ à 8,18 $ ; des détails complets sont disponibles sur demande, conformément au langage standard des notes de bas de page de la SEC.

Aucun titre dérivé n’a été déclaré dans ce dépôt, et aucune indication ne montre qu’une case relative à un plan de trading 10b5-1 ait été cochée. Le formulaire 4 couvre une seule personne déclarant et une seule transaction non dérivée, sans inclure d’exercices d’options ni de nouvelles attributions.

Pour les investisseurs, le point clé est que cette cession était de nature administrative (couverture fiscale) plutôt qu’une réduction discrétionnaire, limitant ainsi les signaux négatifs. Néanmoins, toute vente d’initié peut attirer l’attention, surtout compte tenu du niveau du cours de l’action SNAP situé dans les chiffres moyens simples.

Snap Inc. (SNAP) � Form 4 Insider-Transaktion

Chief Financial Officer Derek Andersen meldete den Verkauf von 33.886 Class A Aktien am 16. Juni 2025 zu einem gewichteten Durchschnittspreis von 8,0403 $. Die Meldung gibt an, dass der Verkauf ausschließlich zur Erfüllung von steuerlichen Abzugsverpflichtungen im Zusammenhang mit der Vesting von Restricted Stock Units (RSUs) durchgeführt wurde; daher wird die Transaktion unter dem Transaktionscode „S� (Verkauf am offenen Markt) klassifiziert.

Nach der Transaktion hält Andersen weiterhin wirtschaftlich 3.204.418 Class A Aktien, was auf eine weiterhin bedeutende Beteiligung an Snap hinweist. Die Preisspanne der mehreren Trades, die den gewichteten Durchschnitt ergeben, lag zwischen 7,915 $ und 8,18 $; vollständige Aufschlüsselungen sind auf Anfrage erhältlich, gemäß dem üblichen SEC-Hinweis.

In dieser Meldung wurden keine derivativen Wertpapiere angegeben, und es gibt keinen Hinweis darauf, dass ein 10b5-1 Handelsplan aktiviert wurde. Das Form 4 beinhaltet nur eine meldende Person und eine nicht-derivative Transaktion und umfasst keine Optionsausübungen oder neuen Zuteilungen.

Für Investoren ist die wichtigste Erkenntnis, dass der Verkauf administrativen Charakter hatte (steuerliche Abdeckung) und keine willkürliche Reduzierung darstellt, wodurch negative Signale begrenzt werden. Dennoch kann jeder Insider-Verkauf Aufmerksamkeit erregen, insbesondere angesichts des Aktienkurses von SNAP im mittleren einstelligen Bereich.

Positive
  • Sale purpose explicitly for tax withholding, signalling the transaction is administrative, not discretionary liquidation.
  • CFO retains 3,204,418 shares, maintaining a significant ownership stake that aligns executive incentives with shareholder interests.
Negative
  • Any insider sale can be perceived negatively, potentially indicating lower confidence despite stated tax purpose.
  • No 10b5-1 plan disclosure may raise minor governance questions around trading timing, although not uncommon for tax-related disposals.

Insights

TL;DR � CFO’s 34k-share sale is tax-related; stake remains >3.2 M shares, so sentiment impact is minimal.

The filing discloses an open-market sale strictly to cover RSU tax withholding. Weighted-average price of $8.04 aligns with recent trading range and constitutes �1.1% of the CFO’s post-transaction holdings, an immaterial proportion from a signalling viewpoint. Because the executive retains over 3 million shares, the transaction suggests ongoing commitment rather than exit. Market impact should be modest given SNAP’s average daily volume exceeding several million shares.

TL;DR � Routine tax-withholding sale; governance risk unchanged.

This Form 4 shows proper disclosure of an RSU settlement-related sale, consistent with best practices. Absence of a 10b5-1 plan designation is notable but not unusual for tax sales. The small size relative to total ownership and transparency in weighted-average pricing mitigate governance concerns. Overall, the event is procedural rather than strategic.

Snap Inc. (SNAP) � Transazione interna Form 4

Il Chief Financial Officer Derek Andersen ha segnalato la vendita di 33.886 azioni di Classe A il 16 giugno 2025 a un prezzo medio ponderato di 8,0403 $. La dichiarazione specifica che la vendita è stata effettuata esclusivamente per adempiere agli obblighi fiscali di ritenuta derivanti dalla maturazione di unità di azioni vincolate (RSU); pertanto, è classificata sotto il Codice Transazione “S� (vendita sul mercato aperto).

Dopo la transazione, Andersen mantiene la proprietà effettiva di 3.204.418 azioni di Classe A, segnalando un consistente interesse economico in Snap. La fascia di prezzo per le varie operazioni che hanno determinato la media ponderata è stata compresa tra 7,915 $ e 8,18 $; dettagli completi sono disponibili su richiesta, secondo la consueta nota a piè di pagina SEC.

Non sono stati segnalati titoli derivati in questa comunicazione e non risulta selezionata la casella relativa a un piano di trading 10b5-1. Il Form 4 riguarda un solo soggetto segnalante e una sola transazione non derivata, senza esercizi di opzioni o nuove assegnazioni.

Per gli investitori, il punto principale è che la cessione è stata di natura amministrativa (copertura fiscale) e non una riduzione discrezionale, limitando così eventuali segnali negativi. Tuttavia, ogni vendita da parte di un insider può attirare attenzione, soprattutto considerando il prezzo delle azioni SNAP nella fascia delle cifre medie singole.

Snap Inc. (SNAP) � Transacción interna Formulario 4

El Director Financiero Derek Andersen informó la venta de 33.886 acciones Clase A el 16 de junio de 2025 a un precio promedio ponderado de 8,0403 $. El informe indica que la venta se realizó únicamente para cumplir con las obligaciones de retención fiscal derivadas de la consolidación de unidades restringidas de acciones (RSU); por ello, se clasifica bajo el Código de Transacción “S� (venta en mercado abierto).

Tras la transacción, Andersen continúa poseyendo beneficiosamente 3.204.418 acciones Clase A, lo que indica que mantiene una participación económica significativa en Snap. El rango de precios para las múltiples operaciones que generaron el promedio ponderado fue de 7,915 $ a 8,18 $; desgloses completos están disponibles a solicitud, según el lenguaje estándar de notas al pie de la SEC.

No se reportaron valores derivados en esta presentación ni hay indicios de que se haya marcado la casilla de un plan de negociación 10b5-1. El Formulario 4 cubre solo a una persona informante y una transacción no derivada, sin incluir ejercicios de opciones o nuevas concesiones.

Para los inversores, la conclusión clave es que la disposición fue de naturaleza administrativa (cobertura fiscal) y no una reducción discrecional, limitando señales negativas. Sin embargo, cualquier venta por parte de un insider puede atraer atención, especialmente dado el nivel del precio de las acciones de SNAP en cifras medias bajas.

Snap Inc. (SNAP) � Form 4 내부� 거래 보고

최고재무책임� Derek Andersen은 2025� 6� 16일에 33,886� 클래� A 주식 매도가중평� 가� 8.0403달러� 보고했습니다. 신고서에 따르� � 매도� 제한 주식 단위(RSU)� 권리 확정으로 인한 세금 원천징수 의무 충족� 위해서만 수행되었�� 명시하며, 따라� 거래 코드 “S�(공개시장 매도)� 분류됩니�.

거래 � Andersen은 여전� 3,204,418� 클래� A 주식� 실질 소유하고 있어 Snap� 상당� 경제� 이해관계를 유지하고 있음� 보여줍니�. 가중평� 가격을 산출� 여러 거래� 가� 범위� 7.915달러에서 8.18달러 사이였으며, 전체 내역은 요청 � 제공 가능합니다(SEC 표준 각주 문구� 따름).

이번 신고서에� 파생 증권 보고가 없으�, 10b5-1 거래 계획 체크박스� 선택되지 않았습니�. Form 4� 단일 신고자와 단일 비파� 거래만을 포함하며, 옵션 행사� 신규 부여는 포함하지 않습니다.

투자자들에게 중요� 점은 이번 매도� 세금 납부 목적� 행정� 성격이었으며 임의� 매도 감소가 아니므� 부정적 신호� 제한한다� 것입니다. 그럼에도 불구하고 내부� 매도� 특히 SNAP 주가가 중간 단일 숫자 수준� 있을 � 주목� 받을 � 있습니다.

Snap Inc. (SNAP) � Transaction d’initié Formulaire 4

Le Directeur Financier Derek Andersen a déclaré la vente de 33 886 actions de Classe A le 16 juin 2025 à un prix moyen pondéré de 8,0403 $. Le dépôt indique que la vente a été effectuée uniquement pour satisfaire aux obligations de retenue fiscale résultant de l’acquisition des unités d’actions restreintes (RSU) ; elle est donc classée sous le code de transaction « S » (vente sur le marché ouvert).

Après la transaction, Andersen détient toujours bénévolement 3 204 418 actions de Classe A, ce qui indique qu’il conserve une participation économique significative dans Snap. La fourchette de prix des multiples transactions ayant conduit à la moyenne pondérée était de 7,915 $ à 8,18 $ ; des détails complets sont disponibles sur demande, conformément au langage standard des notes de bas de page de la SEC.

Aucun titre dérivé n’a été déclaré dans ce dépôt, et aucune indication ne montre qu’une case relative à un plan de trading 10b5-1 ait été cochée. Le formulaire 4 couvre une seule personne déclarant et une seule transaction non dérivée, sans inclure d’exercices d’options ni de nouvelles attributions.

Pour les investisseurs, le point clé est que cette cession était de nature administrative (couverture fiscale) plutôt qu’une réduction discrétionnaire, limitant ainsi les signaux négatifs. Néanmoins, toute vente d’initié peut attirer l’attention, surtout compte tenu du niveau du cours de l’action SNAP situé dans les chiffres moyens simples.

Snap Inc. (SNAP) � Form 4 Insider-Transaktion

Chief Financial Officer Derek Andersen meldete den Verkauf von 33.886 Class A Aktien am 16. Juni 2025 zu einem gewichteten Durchschnittspreis von 8,0403 $. Die Meldung gibt an, dass der Verkauf ausschließlich zur Erfüllung von steuerlichen Abzugsverpflichtungen im Zusammenhang mit der Vesting von Restricted Stock Units (RSUs) durchgeführt wurde; daher wird die Transaktion unter dem Transaktionscode „S� (Verkauf am offenen Markt) klassifiziert.

Nach der Transaktion hält Andersen weiterhin wirtschaftlich 3.204.418 Class A Aktien, was auf eine weiterhin bedeutende Beteiligung an Snap hinweist. Die Preisspanne der mehreren Trades, die den gewichteten Durchschnitt ergeben, lag zwischen 7,915 $ und 8,18 $; vollständige Aufschlüsselungen sind auf Anfrage erhältlich, gemäß dem üblichen SEC-Hinweis.

In dieser Meldung wurden keine derivativen Wertpapiere angegeben, und es gibt keinen Hinweis darauf, dass ein 10b5-1 Handelsplan aktiviert wurde. Das Form 4 beinhaltet nur eine meldende Person und eine nicht-derivative Transaktion und umfasst keine Optionsausübungen oder neuen Zuteilungen.

Für Investoren ist die wichtigste Erkenntnis, dass der Verkauf administrativen Charakter hatte (steuerliche Abdeckung) und keine willkürliche Reduzierung darstellt, wodurch negative Signale begrenzt werden. Dennoch kann jeder Insider-Verkauf Aufmerksamkeit erregen, insbesondere angesichts des Aktienkurses von SNAP im mittleren einstelligen Bereich.

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*
Andersen Derek

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
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 06/16/2025 S 33,886(1) D $8.0403(2) 3,204,418 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 the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted by the Issuer to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock.
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.915 to $8.18 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
/s/ Atul Porwal, Attorney-in-fact 06/18/2025
** 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

How many Snap (SNAP) shares did the CFO sell?

Derek Andersen sold 33,886 Class A shares on 16-Jun-2025.

What was the average price of the shares sold by Snap's CFO?

The weighted-average sale price was $8.0403 per share, with trades ranging from $7.915 to $8.18.

Why were the shares sold according to the Form 4 filing?

The filing states the sale was to cover tax-withholding obligations related to RSU vesting.

How many Snap shares does the CFO still own after the sale?

After the transaction, the CFO beneficially owns approximately 3.20 million shares of Snap Class A stock.

Does the filing mention a Rule 10b5-1 trading plan?

No, the Form 4 does not indicate that the transaction was made under a pre-arranged 10b5-1 plan.
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13.60B
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Internet Content & Information
Services-computer Programming, Data Processing, Etc.
United States
SANTA MONICA