Form 4: Snap Inc. SVP of Engineering, Eric Young, Reports Stock Transactions
SEC Form 4 Filing
Eric Young, SVP of Engineering at Snap Inc., reports the sale and transfer of Class A Common Stock, including shares sold to cover tax obligations related to RSU settlement.
Summary
- On August 16, 2024, Eric Young, SVP of Engineering at Snap Inc., reported transactions involving Class A Common Stock.
- He sold 114,097 shares at a weighted average price of $9.1067 to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).
- Young also transferred 138,655 shares to an entity where he retains investment power.
- Following these transactions, Young directly owns 2,903,068 shares and indirectly owns 661,377 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of stock sale and transfer transactions. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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