Form 4: Snail, Inc. Director Ryan Jamieson Granted Over 71,000 Restricted Stock Units

Snail, Inc. Director Ryan Jamieson received two grants of Restricted Stock Units totaling 71,110 shares, valued at $96,000, for his service on the Board of Directors.

Summary

• Ryan Jamieson, a Director of Snail, Inc. (SNAL), was granted a total of 71,110 Restricted Stock Units (RSUs) on June 20, 2025.
• The grants were made under the Issuer's 2022 Omnibus Incentive Plan.
• The first grant consisted of 26,666 time-based RSUs, calculated by dividing $36,000 by the closing stock price of $1.35 on June 20, 2025. These RSUs were for serving seven months on the Board in 2023-2024 and vested immediately upon agreement execution.
• The second grant consisted of 44,444 time-based RSUs, calculated by dividing $60,000 by the closing stock price of $1.35 on June 20, 2025. These RSUs vest in four equal quarterly installments over one year.
• Following these transactions, Ryan Jamieson beneficially owns 114,588 Class A Common Stock shares.
• Both grants were approved by the Compensation Committee and the Board and are exempt under Rule 16b-3 of the Exchange Act.

Sentiment

Score: 6

Explanation: The document reports a routine equity grant to a director, which is a neutral to slightly positive event as it aligns director interests with shareholders. There are no negative implications or unexpected events reported.

Positives

• The grants align the director's interests with those of shareholders through equity ownership.
• The immediate vesting of a portion of the RSUs (26,666 shares) provides immediate equity for past service.
• The staggered vesting of the remaining RSUs (44,444 shares) incentivizes continued service to the company.

Risks

• The value of the granted RSUs is subject to the future performance and market price fluctuations of Snail, Inc.'s Class A common stock.

Future Outlook

The document primarily details past and current compensation events and does not contain explicit forward-looking statements or guidance regarding the company's future performance or strategic direction, beyond the vesting schedule for a portion of the granted RSUs which extends over one year.

Industry Context

This Form 4 filing reflects standard compensation practices for non-employee directors in publicly traded companies, where equity grants like RSUs are commonly used to align director interests with shareholder value. The specific value of the grants ($96,000 total) and the vesting schedules are typical for director compensation in the technology or gaming industry, where Snail, Inc. operates, aiming to retain experienced board members.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) to a non-employee director is a common practice across various industries, including technology and gaming, where companies like Snail, Inc. operate.
• While specific comparable companies are not mentioned in the filing, director compensation packages often include a mix of cash and equity.
• The total value of the RSU grants ($96,000) for a director's service is within the typical range for non-executive director compensation at small to mid-cap public companies, which often ranges from $50,000 to $200,000 annually, depending on company size, industry, and board committee responsibilities.
• The immediate vesting of a portion of the grant for past service and the one-year quarterly vesting for the remainder are standard mechanisms to reward past contributions and incentivize continued engagement.

Corporate Governance

Stakeholder Impact

• Shareholders: The grants align the director's interests with shareholders, potentially leading to more aligned decision-making. The issuance of new shares for RSUs could cause minor dilution over time, but this is typical for equity compensation plans.
• Employees: No direct impact mentioned, but the use of an omnibus incentive plan suggests a broader framework for equity compensation that could also benefit employees.

Next Steps

• Continued service of Ryan Jamieson as a Director of Snail, Inc.
• Vesting of 44,444 RSUs in four equal quarterly installments over one year.

Key Dates

Keywords

Snail Inc., SNAL, Form 4, SEC filing, Restricted Stock Units, RSUs, Director compensation, equity grant, insider transaction, Ryan Jamieson, stock ownership, corporate governance