Snap (SNAP) Director Kelly Coffey Receives RSU Award

What Happened Kelly Coffey, a director of Snap Inc. (SNAP), received a grant of 46,905 restricted stock units (RSUs) reported on Aug 7, 2026. The award was recorded at $0.00 per share (a compensation grant, not a purchase), so no cash changed hands at grant. Each RSU represents a contingent right to one share of Snap Class A common stock upon settlement.

Key Details

• Transaction date and type: 2026-08-07 — Grant/Award of 46,905 RSUs (code A) at $0.00.
• Filing date: 2026-08-11 (filed within the usual 2-business-day Form 4 deadline).
• Shares owned after transaction: Not specified in the filing.
• Notable terms (from filing footnote): 100% of the RSUs vest after the reporting person completes one year of continuous service from August 1, 2026. RSUs are subject to pro‑rata acceleration on discontinued board service and automatic full acceleration on a defined change in control; death while in service triggers immediate full vesting.

Context RSUs are a form of equity compensation — they do not deliver shares until vesting or settlement. This type of grant is common for directors and is compensation-related rather than a market buy/sell signal. The award’s future value depends on Snap’s stock price at vesting (expected Aug 2027 under the stated schedule) and any applicable withholding or settlement procedures.