Murphy Robert C. 4
4 · Snap Inc · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Snap (SNAP) 10% Owner Robert C. Murphy Sells Shares
What Happened
- Robert C. Murphy, a reported 10% owner of Snap Inc. (SNAP), disposed of shares in two open-market sales and made two charitable gifts. On Feb 6, 2026 he sold 1,000,000 shares at a weighted average price of $5.27 for proceeds of $5,270,000 and gifted 300,002 shares. On Feb 10, 2026 he sold another 1,000,000 shares at a weighted average price of $5.36 for proceeds of $5,355,800 and gifted 301,451 shares. Total cash proceeds reported: approximately $10,625,800; total gifted shares: 601,453.
- These transactions are sales (not purchases) and typically signal routine liquidity rather than a buy/bullish signal.
Key Details
- Transaction dates/prices:
- 2026-02-06: Sold 1,000,000 shares @ weighted avg $5.27 (prices ranged $5.195–$5.355 per share) — proceeds $5,270,000 (Rule 10b5-1 plan adopted 11/05/2024).
- 2026-02-06: Gifted 300,002 shares (charitable gift).
- 2026-02-10: Sold 1,000,000 shares @ weighted avg $5.36 (prices ranged $5.275–$5.43 per share) — proceeds $5,355,800 (Rule 10b5-1 plan adopted 11/11/2025).
- 2026-02-10: Gifted 301,451 shares (charitable gift).
- Shares owned after the transactions: not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
- Footnotes: sales executed under Rule 10b5-1 trading plans (F1, F4); weighted-average prices and price ranges provided (F2, F5); gifts noted as charitable (F3); other footnotes indicate some shares are held in an irrevocable trust or entities where the reporting person retains investment or voting power (F6, F7).
- Filing timeliness: Form filed Feb 10, 2026, reporting trades on Feb 6 and Feb 10 — this meets the standard two-business-day Form 4 filing requirement.
Context
- Gifts are charitable transfers and do not necessarily indicate the insider’s view of the stock. Sales were effected under pre-established 10b5-1 plans, which can cause otherwise scheduled sales independent of current insider sentiment.
- As a 10% owner, Murphy is a principal shareholder rather than an executive role; such owners often sell for portfolio or liquidity reasons.
Insider Transaction Report
Form 4
Snap IncSNAP
Murphy Robert C.
DirectorChief Technology Officer10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-02-06$5.27/sh−1,000,000$5,270,000→ 50,613,777 total - Gift
Class A Common Stock
[F3]2026-02-06−300,002→ 50,313,775 total - Sale
Class A Common Stock
[F4][F5]2026-02-10$5.36/sh−1,000,000$5,355,800→ 49,313,775 total - Gift
Class A Common Stock
[F3]2026-02-10−301,451→ 49,012,324 total
Holdings
- 5,307,526(indirect: By Trust)
Class A Common Stock
[F6] - 5,000,000(indirect: By Trust)
Class A Common Stock
[F7]
Footnotes (7)
- [F1]The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 5, 2024.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.195 to $5.355 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.
- [F3]Represents a charitable gift by the reporting person.
- [F4]The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2025.
- [F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.275 to $5.43 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.
- [F6]Shares held by an irrevocable trust over which the reporting person acts as trustee and has voting power, but has no financial interest. The beneficiaries of the irrevocable trust are not immediate family members of the reporting person.
- [F7]Shares held by an entity or entities in which the reporting person retains investment power over such shares.
Signature
/s/ Atul Porwal, Attorney-in-fact|2026-02-10