Form 4: Snap CFO Sells Shares for Tax Obligations

Snap Inc.'s Chief Financial Officer, Derek Andersen, sold 34,535 shares of Class A Common Stock to cover tax withholding obligations related to restricted stock unit settlement.

Summary

• Derek Andersen, Chief Financial Officer of Snap Inc. (SNAP), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 34,535 shares on December 16, 2025.
• The shares were sold at a weighted average price of $7.2136 per share, with individual sales ranging from $7.115 to $7.28.
• The sale was conducted to cover tax withholding obligations associated with the settlement and release of restricted stock units (RSUs).
• Following this transaction, Andersen beneficially owns 2,995,766 shares of Class A Common Stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale to cover tax obligations upon RSU vesting, which is a neutral event and does not indicate a change in management's confidence or company performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sale of shares represents the disposition to cover tax withholding obligations in connection with the settlement and release of restricted stock units granted by the Issuer to the reporting person.

Industry Context

This is a routine insider transaction, common for executives whose compensation includes restricted stock units. Such sales are typically non-discretionary and are executed to satisfy tax liabilities upon the vesting of equity awards, rather than reflecting a change in management's outlook on the company's prospects.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in company fundamentals or management's view.

Key Dates

Keywords

Snap Inc., SNAP, Form 4, Insider Trading, Stock Sale, CFO, Restricted Stock Units, Tax Withholding, Rule 10b5-1