Morrow Rebecca 4

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.