Briers Zachary M 4
4 · Snap Inc · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Snap (SNAP) GC Zachary M. Briers Sells 203,325 Shares
What Happened Zachary M. Briers, General Counsel of Snap Inc., reported the sale of a total of 203,325 shares of Snap Class A common stock in two open‑market transactions to cover tax withholding on settled RSUs. On 2026-02-17 he disposed of 134,705 shares at a reported weighted-average price of $4.70 (proceeds ~$633,383), and on 2026-02-18 he disposed of 68,620 shares at a reported weighted-average price of $4.73 (proceeds ~$324,737). Combined proceeds were approximately $958,120. These were sales (not purchases) and appear to be routine tax-withholding transactions.
Key Details
- Transaction dates: 2026-02-17 (134,705 shares) and 2026-02-18 (68,620 shares).
- Reported weighted-average prices: $4.70 (range $4.665–$4.755) and $4.73 (range $4.66–$4.76).
- Total shares sold: 203,325; total proceeds: ~$958,120.
- Purpose: Sales were to satisfy tax withholding obligations related to RSU settlement (footnote F1).
- Trading plan: Transactions effected pursuant to a Rule 10b5‑1 plan adopted Nov 17, 2025 (footnote F3).
- Shares owned after the transactions: Not disclosed in the information provided in this summary.
- Filing: Form 4 filed 2026-02-19 for transactions on 2026-02-17 and 2026-02-18 — appears to be timely.
Context These sales were made to cover tax withholding on settled restricted stock units (each RSU equals a contingent right to one share) and were executed under a pre-established 10b5‑1 plan. Such “sell to cover” transactions are common when RSUs vest and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-02-17$4.70/sh−134,705$633,383→ 2,854,088 total - Sale
Class A Common Stock
[F3][F4]2026-02-18$4.73/sh−68,620$324,737→ 2,785,468 total
Footnotes (4)
- [F1]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.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.665 to $4.755 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]The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.66 to $4.76 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.