Robert C. Murphy - 27 Jul 2023 Form 4 Insider Report for Snap Inc (SNAP)

Reporting relationship: Chief Technology Officer, Director, 10%+ Owner
Issuer ticker: SNAP
Reported as of: 27 Jul 2023
Net transaction value: -$10,558,000
SEC form: 4
Accepted by SEC: 31 Jul 2023, 21:00:10 UTC
Prior SEC filing: 14 Jun 2023
Next SEC filing: 07 Sep 2023
Source filing: View source filing
Reporting owner signature: /s/ Atul Porwal, Attorney-in-fact

Key filing fact

Robert C. Murphy filed Form 4 for Snap Inc (SNAP) on 31 Jul 2023.

Key facts

This page summarizes Robert C. Murphy's Form 4 filing for Snap Inc (SNAP).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 31 Jul 2023, 21:00.

Change

Previous filing in this sequence was filed on 14 Jun 2023.
Current net transaction value: -$10,558,000.

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.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SNAP transaction

Class A Common Stock

Sale

Transaction value: $10,558,000
Shares: -1,000,000
Change %: -1.4%
Price: $10.56
Shares after: 68,916,328
Date: 27 Jul 2023
Ownership: Direct
Footnotes: F1, F2

SNAP transaction

Class A Common Stock

Gift

Transaction value: $0
Shares: -298,803
Change %: -0.43%
Price: $0.000000
Shares after: 68,617,525
Date: 27 Jul 2023
Ownership: Direct
Footnotes: F3

SNAP holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,307,526
Date: 27 Jul 2023
Ownership: By Trust
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 footnotes

Footnote F1

The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 9, 2023.

Footnote F2

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.45 to $10.805 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.

Footnote F3

Represents a charitable gift by the reporting person.

Footnote 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.