| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SNAP | Class A Common Stock | Sale | -$66.5K | -4.56K | -3.88% | $14.60 | 113K | Dec 7, 2023 | Direct | F1 |
| holding | SNAP | Class A Common Stock | 600K | Dec 7, 2023 | By Lynton Asset LP | F2 | |||||
| holding | SNAP | Class A Common Stock | 100K | Dec 7, 2023 | By Lynton Foundation | F3 | |||||
| holding | SNAP | Class A Common Stock | 20.7K | Dec 7, 2023 | By Alter Grandchildren Trust | F4 |
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 | The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 7, 2023. |
| F2 | The reporting person is trustee of Lynton Asset LP. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein. |
| F3 | The reporting person is trustee of Lynton Foundation. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein. |
| F4 | The reporting person is trustee of the Alter Grandchildren Trust. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein. |