| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SNAP | Class A Common Stock | Award | $0 | +15.9K | +14.09% | $0.00 | 129K | Jul 23, 2024 | Direct | F1 |
| transaction | SNAP | Class A Common Stock | Sale | -$161K | -11.7K | -9.09% | $13.74 | 117K | Jul 24, 2024 | Direct | F2, F3 |
| holding | SNAP | Class A Common Stock | 321K | Jul 23, 2024 | By Trust | F4 | |||||
| holding | SNAP | Class A Common Stock | 100K | Jul 23, 2024 | By Lynton Foundation | F5 |
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).
| Id | Content |
|---|---|
| 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. |
| 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. |
| F4 | Includes 300,133 shares held by certain immediate family members of the reporting person for which the reporting person disclaims beneficial ownership except as to the reporting person's indirect pecuniary interest therein, if any. The remaining shares are held by an entity or entities in which the reporting person acts as trustee and the reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein. |
| F5 | The reporting person is trustee of Lynton Foundation. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein. |