Mohan Ajit 4

What Happened
Mohan Ajit, Chief Business Officer of Snap Inc., disposed of 27,743 shares on 2026-03-16 in a sale reported on Form 4. The transactions had a weighted-average price of $4.59 per share for total proceeds of approximately $127,474. According to the filing, the sale was made to cover tax withholding obligations related to the settlement and release of RSUs (each RSU converts to one share).

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (filed the next day).
• Shares sold: 27,743 at a weighted-average price of $4.59; total proceeds ≈ $127,474.
• Price range: shares were sold in multiple trades between $4.555 and $4.665 per share (weighted avg reported per footnote).
• Reason: sale to satisfy tax withholding on vested restricted stock units (RSUs) — routine withholding transaction (footnote F1).
• Ownership after transaction: not specified in the filing.
• Transaction code: S (sale); footnote indicates tax-withholding related sale rather than a discretionary open‑market sell.

Context
Sales to cover tax withholding when RSUs vest are common and typically reflect required tax obligations rather than a discretionary sell decision. The filing discloses multiple price points for the trades and offers to provide a breakdown of shares sold at each price upon request (per footnote).