| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SNAP | Class A Common Stock | Sale | -$679K | -76.6K | -1.77% | $8.87 | 4.24M | Sep 18, 2023 | Direct | F1, F2 |
| transaction | SNAP | Class A Common Stock | Other | $0 | -96.3K | -2.27% | $0.00 | 4.14M | Sep 18, 2023 | Direct | F3 |
| transaction | SNAP | Class A Common Stock | Other | $0 | +96.3K | +8.62% | $0.00 | 1.21M | Sep 18, 2023 | By Trust | F4 |
| transaction | SNAP | Class A Common Stock | Sale | -$424K | -48.2K | -3.97% | $8.80 | 1.17M | Sep 19, 2023 | By Trust | F4, F5, F6 |
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 the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted 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 $8.815 to $8.97 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 | Stock transfer by the reporting person to an entity or entities in which the reporting person retains investment power over such shares. |
| F4 | Shares held by an entity or entities in which the reporting person retains investment power over such shares. |
| F5 | The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2023. |
| F6 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.625 to $8.995 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. |