Andersen Derek 4

What Happened

• Derek Andersen, Chief Financial Officer of Snap Inc. (SNAP), was granted 983,607 restricted stock units (RSUs) on February 3, 2026. The Form 4 reports an acquisition price of $0.00 per RSU (standard for RSU grants); the units convert to one share of Class A common stock upon vesting.

Key Details

• Transaction date: 2026-02-03; filing date: 2026-02-05 (filed within the typical 2-business-day Form 4 window).
• Grant: 983,607 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: not disclosed in the filing.
• Footnote (F1): Each RSU is a contingent right to one share. RSUs vest in equal quarterly installments over a 36‑month period of continuous service beginning November 15, 2025. If the reporting person dies while in continuous service, 100% of the RSUs vest immediately.
• No tax-withholding, sale, or 10b5-1 plan indicated in the filing.

Context

• RSUs are awards that convert to actual shares only as they vest; they are not an open-market purchase or sale and do not imply immediate trading activity. The reported $0.00 acquisition price reflects that these are compensation awards rather than cash purchases; the economic value will depend on Snap's share price when each installment vests.