Snap Director James Lanzone Receives 46,905 RSUs

What Happened

• James Lanzone, a director of Snap Inc. (SNAP), was granted 46,905 restricted stock units (RSUs) on August 7, 2026. The award was granted at $0.00 per share (no cash paid) and therefore has a reported transaction value of $0. This is an equity award (grant), not a purchase or sale.

Key Details

• Transaction date: 2026-08-07; Filing date: 2026-08-11 (filed within the Form 4 two-business-day window).
• Quantity and price: 46,905 RSUs granted at $0.00 per share (reported value $0).
• Shares owned after transaction: not specified in the filing.
• Footnote (important): The RSUs vest 100% after one year of continuous service starting August 1, 2026. Pro‑rata acceleration applies on discontinued board service; full acceleration occurs on a change in control. If the reporting person dies while in service, the RSUs vest immediately. Settlement of the RSUs is deferred until the earlier of (a) the 90th day after separation from service or (b) a change in control.

Context

• RSU grants are equity compensation, not market purchases or sales. They generally align the director’s interests with shareholders over the vesting period but do not require cash outlay by the insider. There is no immediate sale or cash proceeds associated with this grant.