Morrow Rebecca 4
4 · Snap Inc · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Snap (SNAP) Chief Accounting Officer Rebecca Morrow Sells Shares
What Happened
Rebecca Morrow, Snap Inc.'s Chief Accounting Officer, sold a total of 19,674 shares of Snap Class A common stock in open-market transactions to satisfy tax withholding tied to RSU settlement. The filings report sales of 16,499 shares at a weighted average price of $4.70 (total $77,572) and 3,175 shares at $4.84 (total $15,367), for combined proceeds of approximately $92,939. These were sales (not purchases), commonly viewed as routine, tax-related dispositions.
Key Details
- Transaction dates: Feb 17, 2026 (16,499 shares) and Feb 19, 2026 (3,175 shares).
- Reported prices/values: 16,499 shares @ $4.70 (weighted avg) = $77,572; 3,175 shares @ $4.84 = $15,367; combined ≈ $92,939.
- Footnotes: Sales were to cover tax withholding on RSUs (F1); the $4.70 figure is a weighted average for multiple trades priced between $4.665–$4.755 (F2); sales were effected under a Rule 10b5-1 trading plan adopted Sept 9, 2025 (F3).
- Shares owned after the transactions: not specified in the provided excerpt.
- Filing timeliness: Filed Feb 19, 2026 for a Feb 17, 2026 transaction—timely per Form 4 rules.
Context
These transactions were disposals tied to the settlement of restricted stock units and executed under a pre-established 10b5-1 plan; such sales are typically administrative (tax-related) rather than directional bets on the stock. No purchases, option exercises, or gifts are reported in this filing.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-02-17$4.70/sh−16,499$77,572→ 466,682 total - Sale
Class A Common Stock
[F3]2026-02-19$4.84/sh−3,175$15,367→ 463,507 total
Footnotes (3)
- [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 September 9, 2025.