Snap (SNAP) Director Elizabeth Jenkins Receives RSU Award

What Happened
Elizabeth Jenkins, a director at Snap Inc. (SNAP), received a grant of 46,905 restricted stock units (RSUs) on August 7, 2026. The grant shows an acquisition price of $0.00 (no cash paid) — total reported value at grant: $0. This is an equity award (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-08-07; Form 4 filed: 2026-08-11 (filed 4 days after the transaction; appears late relative to the 2-business‑day Form 4 rule).
• Grant: 46,905 RSUs; acquisition price reported $0.00; reported value at grant $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote summary: Each RSU is a contingent right to one share of Class A common stock. 100% of the RSUs vest after one year of continuous service from August 1, 2026. Pro‑rata acceleration on discontinued board service; full acceleration on a defined change in control; immediate vesting on death.
• Transaction code: A (award/grant).

Context
RSUs are a form of compensation that convert to shares if and when they vest; they do not represent an immediate purchase of shares. Because these RSUs vest 100% after one year, Jenkins will receive actual shares only if she completes that service requirement (or earlier if an acceleration event applies). The $0 grant price simply reflects that no cash was paid at grant; taxable and market value consequences will occur at vesting. This filing documents a compensation grant and should not be read as a direct buy or sell signal.