Derek Andersen - 16 Mar 2023 Form 4 Insider Report for Snap Inc (SNAP)

Role: Chief Financial Officer
Signature: /s/ Atul Porwal, Attorney-in-fact
Issuer symbol: SNAP
Transactions as of: 16 Mar 2023
Net transactions value: -$539,207
Form type: 4
Filing time: 20 Mar 2023, 19:00:14 UTC
Previous filing: 21 Feb 2023
Next filing: 18 May 2023
SEC: View on sec.gov

Key filing fact

Derek Andersen filed Form 4 for Snap Inc (SNAP) on 20 Mar 2023.

Key facts

This page summarizes Derek Andersen's Form 4 filing for Snap Inc (SNAP).
1 reported transaction and 0 derivative rows are listed below.
Filing timestamp: 20 Mar 2023, 19:00.

Change

Previous filing in this sequence was filed on 21 Feb 2023.
Current net transaction value: -$539,207.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

SNAP transaction

Class A Common Stock

Sale

Transaction value: $539,207
Shares: -49,200
Change %: -1.9%
Price: $10.96
Shares after: 2,510,236
Date: 16 Mar 2023
Ownership: Direct
Footnotes: F1, F2

* 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 $10.60 to $11.15 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.

Content

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.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $11.15 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.