Snap Director Joanna Coles Receives RSU Award (46,905 shares)

What Happened
Joanna Coles, a director of Snap Inc. (SNAP), was granted 46,905 restricted stock units (RSUs) on August 7, 2026. The award was recorded at $0.00 per share (transaction code A). These RSUs represent a contingent right to receive shares of Snap Class A common stock and will vest 100% after the reporting person completes one year of continuous service from August 1, 2026.

Key Details

• Transaction date: 2026-08-07 — Grant of 46,905 RSUs at $0.00 (code A).
• Vesting: 100% vesting after one year of continuous service from August 1, 2026.
• Settlement: RSU settlement deferred until the earlier of (a) the 90th day following the reporting person’s separation from service or (b) a change in control.
• Acceleration: Pro‑rata acceleration on discontinued service; full automatic acceleration on a change in control; full vesting on death while in service.
• Filing: Form 4 filed 2026-08-11 (timely based on the two-business‑day reporting rule).
• Shares owned after the grant: not disclosed in the provided filing excerpt.

Context
RSUs are compensation awards that convert into company stock when they vest/settle; they are not an open‑market purchase or sale. Grants to directors are a routine form of equity compensation and do not, by themselves, indicate the director is buying or selling stock in the market.