Mohan Ajit 4

What Happened

• Mohan Ajit, Snap Inc.'s Chief Business Officer, sold 119,339 shares of Snap Class A common stock on 2026-02-17. The reported weighted-average price was $4.70 per share, producing proceeds of approximately $561,060.
• This was a sale (not a buy). According to the filing, the disposition was made to cover tax withholding obligations in connection with the settlement and release of restricted stock units (RSUs) previously granted to him.

Key Details

• Transaction date: 2026-02-17; Filing date (Form 4): 2026-02-19 (timely, filed two days after the transaction).
• Price: weighted average $4.70; sales executed in multiple transactions at prices ranging from $4.66 to $4.755 per share.
• Total shares sold: 119,339; total proceeds reported: $561,060.
• Purpose/footnote: Sale was to satisfy tax withholding on RSU settlement (each RSU represents a contingent right to one share).
• Footnote also notes the $4.70 is a weighted average and the filer can provide a breakdown of the number of shares sold at each price upon request.
• Shares owned after the transaction: not specified in the excerpted filing provided.

Context

• This was a routine sell-to-cover tied to RSU vesting (tax withholding), which is common and does not necessarily indicate a change in the insider’s view of the company.
• For retail investors, purchases by insiders often carry more interpretive weight than routine tax-related sales; this filing documents a tax-related disposition rather than a market-timed sale.