Andersen Derek 4
4 · Snap Inc · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Snap (SNAP) CFO Derek Andersen Sells 63,041 Shares
What Happened Derek Andersen, Chief Financial Officer of Snap Inc. (SNAP), sold 63,041 shares on February 17, 2026 in an open-market/private sale for a total of approximately $296,331. The reported weighted-average price was $4.70 per share (individual trade prices ranged from $4.665 to $4.755). The sale was made to cover tax withholding obligations in connection with the settlement and release of restricted stock units (RSUs) awarded to Andersen.
Key Details
- Transaction date: 2026-02-17; filed with the SEC on 2026-02-19 (timely filing).
- Shares sold: 63,041; weighted-average price: $4.70; total proceeds: ~$296,331.
- Price range: sales executed at prices from $4.665 to $4.755 per share (weighted avg reported).
- Reason noted: sale to satisfy tax withholding on settled RSUs (each RSU = right to one share).
- Shares owned after transaction: not specified in the provided filing excerpt.
- No 10b5-1 plan or other trading plan was indicated in the supplied details.
Context Sales to cover tax withholding after RSU vesting are common and generally considered routine rather than a direct signal of management’s view on the stock. This transaction represents a disposition of vested shares to meet tax obligations rather than an independent investment decision.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-02-17$4.70/sh−63,041$296,331→ 3,892,617 total
Footnotes (2)
- [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.