Jerry James Hunter - Sep 18, 2023 Form 4 Insider Report for Snap Inc (SNAP)

Signature
/s/ Atul Porwal, Attorney-in-fact
Stock symbol
SNAP
Transactions as of
Sep 18, 2023
Transactions value $
-$1,102,603
Form type
4
Date filed
9/20/2023, 07:00 PM
Previous filing
Aug 18, 2023

Transactions Table

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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

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") 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.