Robert C. Murphy - Feb 8, 2024 Form 4 Insider Report for Snap Inc (SNAP)

Role
Chief Technology Officer, Director, 10%+ Owner
Signature
/s/ Atul Porwal, Attorney-in-fact
Stock symbol
SNAP
Transactions as of
Feb 8, 2024
Transactions value $
-$10,964,600
Form type
4
Date filed
2/12/2024, 09:00 PM
Previous filing
Oct 30, 2023
Next filing
May 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNAP Class A Common Stock Disposed to Issuer -$11M -1M -1.49% $10.96 66.2M Feb 8, 2024 Direct F1, F2
transaction SNAP Class A Common Stock Gift $0 -295K -0.45% $0.00 65.9M Feb 8, 2024 Direct F3
transaction SNAP Class A Common Stock Gift $0 -44.8K -0.07% $0.00 65.9M Feb 8, 2024 Direct F3
holding SNAP Class A Common Stock 5.31M Feb 8, 2024 By Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 9, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8201 to $11.29 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.
F3 Represents a charitable gift by the reporting person.
F4 Shares held by an irrevocable trust over which the reporting person acts as trustee and has voting power, but has no financial interest. The beneficiaries of the irrevocable trust are not immediate family members of the reporting person.