Snap Inc 4
4 · Snap Inc · Filed Mar 3, 2017
Insider Transaction Report
Form 4
Snap IncSNAP
Handman Christopher T.
General Counsel
Transactions
- Tax Payment
Class A Common Stock
2017-03-01$17.00/sh−594,070$10,099,190→ 1,475,930 total - Tax Payment
Class B Common Stock
2017-03-01−585,642→ 1,484,358 totalExercise: $0.00→ Class B Common Stock (585,642 underlying)
Footnotes (2)
- [F1]Represents shares that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units ("RSUs"), previously reported on a Form 3 filed on March 1, 2017, and does not represent a sale by the reporting person. The shares were withheld upon the effectiveness, on March 1, 2017, of the issuer's registration statement on Form S-1 (File No. 333-215866) under the Securities Act of 1933, as amended, for the initial public offering of its Class A Common Stock, based on a price of $17.00 per share, which represented the initial public offering price of the issuer's Class A Common Stock.
- [F2]The Class B Common Stock has no expiration date.