Form 4 for SNAP Snap Inc
Accepted 2024-07-25 00:00:00 ET · period of report 2024-07-23 · accession 0000950170-24-086691 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| T | 2024-07-25 | 2024-07-23 | SNAP | Lynton Michael | Dir | A - Grant | $0.00 | +15.9K | 128.7K | +14% | $0 |
| T | 2024-07-25 | 2024-07-24 | SNAP | Lynton Michael | Dir | S - Sale | $13.74 | -11.7K | 117.0K | -9% | -$160.8K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-07-23 | A | A | 15,891 | $0.00 | 128,700 | D | — | — | (F1) 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 July 24, 2024. 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. |
| 2 | Common | Class A Common Stock | 2024-07-24 | S | D | 11,700 | $13.74 | 117,000 | D | — | — | (F2) The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 7, 2023. (F3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.51 to $13.89 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. |