Snap (SNAP) Director Thorpe Poppy Receives 46,905-Share Award

What Happened
Thorpe Poppy, a director of Snap Inc. (SNAP), received an award of 46,905 restricted stock units (RSUs) on August 7, 2026. The grant is reported at $0.00 per share (standard for RSU awards); no cash purchase or sale occurred. The RSUs represent a contingent right to one share of Snap Class A common stock each upon settlement.

Key Details

• Transaction date: 2026-08-07; Filing date: 2026-08-11 (appears to be later than the typical two-business-day Form 4 deadline).
• Transaction type/code: A — Award/Grant (RSUs).
• Shares granted: 46,905 RSUs; reported acquisition price $0.00.
• Shares owned following the transaction: Not specified in the provided filing excerpt.
• Footnote summary: These RSUs vest 100% after one year of continuous service from August 1, 2026; pro‑rata vesting may occur on discontinued board service, and full acceleration occurs upon a change in control. If the reporting person dies while in continuous service, the RSUs fully vest immediately.

Context
RSU grants are a form of compensation, not an open‑market purchase or sale; they do not necessarily signal an immediate personal investment decision. Vesting conditions and acceleration provisions determine when the RSUs convert into actual shares. Because the filing appears to have been submitted several days after the grant, retail investors may note the late filing but should focus on the grant terms (vesting schedule and acceleration) to assess future potential share issuance.