4//SEC Filing
Jamieson Ryan 4
Accession 0001641172-25-016399
CIK 0001886894other
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 9:28 AM ET
Size
8.7 KB
Accession
0001641172-25-016399
Insider Transaction Report
Form 4
Snail, Inc.SNAL
Jamieson Ryan
Director
Transactions
- Award
Class A Common Stock
2025-06-20+26,666→ 70,144 total - Award
Class A Common Stock
2025-06-20+44,444→ 114,588 total
Footnotes (4)
- [F1]On June 20, 2025, Snail, Inc. (the "Issuer") granted the reporting person 26,666 time-based restricted stock units ("RSUs") under the Issuer's 2022 Omnibus Incentive Plan (the "Plan") for serving as a member of the Issuer's Board of Directors (the "Board") for seven (7) months in 2023-2024. The 26,666 RSUs were calculated by dividing $36,000 by $1.35, the closing price of the Class A common stock on the Nasdaq Capital Market on June 20, 2025. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock,
- [F2](continued from footnote 1) subject to the reporting person's continuous service with the Issuer or any subsidiary of the Issuer (a "Subsidiary") through the applicable vesting date. The RSUs vest immediately upon the execution of the Restricted Stock Unit Award Agreement (Non-Employee Directors) by the Issuer and the reporting person, which agreement was executed prior to the filing of this report. The grant was approved by the Compensation Committee of the Board and the Board and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F3]On June 20, 2025, the Issuer granted the reporting person 44,444 time-based RSUs under the Plan for serving as a member of the Board. The 44,444 RSUs were calculated by dividing $60,000 by $1.35, the closing price of the Class A common stock on the Nasdaq Capital Market on June 20, 2025.
- [F4](continued from footnote 3) Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock, subject to the reporting person's continuous service with the Issuer or any Subsidiary through the vesting date. The RSUs vest in four (4) equal quarterly installments over the course of one (1) year. The grant was approved by the Compensation Committee of the Board and the Board and is exempt pursuant to Rule 16b-3 under the Exchange Act.
Documents
Issuer
Snail, Inc.
CIK 0001886894
Entity typeother
Related Parties
1- filerCIK 0002008808
Filing Metadata
- Form type
- 4
- Filed
- Jun 24, 8:00 PM ET
- Accepted
- Jun 25, 9:28 AM ET
- Size
- 8.7 KB