Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0001209191-19-059178
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-12-04 19:34:49
Reporting Period:
2019-12-02
Accepted Time:
2019-12-04 19:34:49
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
1699293 Evan Spiegel C/o Snap Inc.
2772 Donald Douglas Loop North
Santa Monica CA 90405
Chief Executive Officer Yes Yes Yes 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 2019-09-24 2,522,572 $0.00 63,866,549 No 4 G Direct
Class A Common Stock Disposition 2019-11-29 934,970 $0.00 62,931,579 No 4 G Direct
Class A Common Stock Acquisiton 2019-12-02 1,537,712 $0.00 64,469,291 No 4 C Direct
Class A Common Stock Disposition 2019-12-02 1,537,712 $14.62 62,931,579 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 G Direct
No 4 G Direct
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Class C Common Stock Disposition 2019-12-02 1,537,712 $0.00 1,537,712 $0.00
Class A Common Stock Class B Common Stock Acquisiton 2019-12-02 1,537,712 $0.00 1,537,712 $0.00
Class A Common Stock Class B Common Stock Disposition 2019-12-02 1,537,712 $0.00 1,537,712 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
132,565,507 No 4 C Direct
1,537,712 No 4 C Direct
0 No 4 C Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 5,230,660 Indirect By Trust
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 0 5,862,410 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
0 5,862,410 Indirect
Footnotes
  1. Represents a charitable gift by the reporting person.
  2. Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of fully-vested restricted stock units ("RSUs") granted by the Issuer to the reporting person pursuant to a previously filed Restricted Stock Unit Award Agreement between the Issuer and the reporting person (the "RSU Award Agreement") and reported on a Form 4 filed March 9, 2017. This sale is permitted by the reporting person under the RSU Award Agreement, which requires the satisfaction of tax withholding obligations by the reporting person.
  3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.55 to $14.73 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.
  4. Shares held by an irrevocable trust over which the reporting person has voting power.
  5. Represents shares of Class C Common Stock converted into shares of Class B Common Stock, which shares were subsequently converted into shares of Class A Common Stock, each at the option of the reporting person in connection with the sale of such shares to cover tax withholding obligations in connection with the settlement and release of the RSUs.
  6. Each share of Class C Common Stock is convertible into one share of Class B Common Stock at the option of the reporting person or upon the transfer of such share of Class C Common Stock, other than a Permitted Transfer (as defined in the Issuer's certificate of incorporation then in effect). The Class C Common Stock has no expiration date.
  7. Consists of (i) 123,203,552 shares of Class C Common Stock held by the reporting person and (ii) 9,361,955 shares of Class C Common Stock issuable upon settlement of fully-vested RSUs granted by the Issuer to the reporting person on March 7, 2017.
  8. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the reporting person or upon the transfer of such share of Class B Common Stock, other than a Permitted Transfer (as defined in the Issuer's certificate of incorporation then in effect). The Class A Common Stock and Class B Common Stock do not have expiration dates.