Filing Details

Accession Number:
0001209191-19-031558
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-05-20 19:44:25
Reporting Period:
2019-05-16
Accepted Time:
2019-05-20 19:44:25
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1564408 Snap Inc SNAP Services-Computer Programming, Data Processing, Etc. (7370) 455452795
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1623689 Lara Sweet C/O Snap Inc.
2772 Donald Douglas Loop North
Santa Monica CA 90405
Vp And Cao No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2019-05-16 1,059 $11.33 581,398 No 4 S Direct
Class A Common Stock Disposition 2019-05-16 750,000 $0.00 1,331,398 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
Footnotes
  1. 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.
  2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.32 to $11.335 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.
  3. Consists of 750,000 shares of Class A Common Stock issued to the reporting person as a restricted stock award, subject to a forfeiture condition. The forfeiture condition will lapse as to 1/16th of the shares subject to the award after the reporting person completes each quarter of continuous service from May 15, 2019. If the reporting person dies while in continuous service, the forfeiture condition will lapse immediately as to 100% of the then unvested shares.