Michael J. O'Sullivan - May 17, 2021 Form 4 Insider Report for Snap Inc (SNAP)

Role
General Counsel
Signature
/s/ Atul Porwal
Stock symbol
SNAP
Transactions as of
May 17, 2021
Transactions value $
-$4,280,180
Form type
4
Date filed
5/19/2021, 07:00 PM
Next filing
Jun 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNAP Class A Common Stock Sale -$2.3M -43.7K -3.93% $52.69* 1.07M May 17, 2021 Direct F1, F2
transaction SNAP Class A Common Stock Sale -$1.98M -37.1K -3.47% $53.34* 1.03M May 17, 2021 Direct F1, F3
holding SNAP Class A Common Stock 256K May 17, 2021 By Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") and the lapse of forfeiture restrictions of restricted stock awards issued by the issuer to the reporting person. Each RSU represents a contingent right to receive one share of issuer's Class A Common Stock.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.16 to $53.15 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.16 to $53.69 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 160 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 retains investment power over such shares.