Jenkins Elizabeth 4
4 · Snap Inc · Filed Jul 22, 2022
Insider Transaction Report
Form 4
Snap IncSNAP
Jenkins Elizabeth
Director
Transactions
- Award
Option (right to buy)
2022-07-20+14,864→ 21,896 totalExercise: $15.03Exp: 2032-07-19→ Class A Common Stock (14,864 underlying) - Award
Class A Common Stock
2022-07-20+9,114→ 12,814 total
Footnotes (2)
- [F1]Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 100% of the RSUs shall vest after the reporting person completes one year of continuous service from July 20, 2022. The RSUs will be subject to pro-rata acceleration upon the reporting person's discontinued service on the Issuer's board of directors and automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.
- [F2]100% of the shares subject to the option will vest upon the reporting person's completion of one year of continuous service from July 20, 2022. The shares subject to the option will be subject to pro-rata acceleration upon the reporting person's discontinued service on the Issuer's board of directors and automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan. If the reporting person dies while in continuous service, 100% of the shares subject to the option will be deemed fully vested immediately.