Briers Zachary M 4
4 · Snap Inc · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Snap (SNAP) General Counsel Zachary Briers Sells Shares
What Happened Zachary M. Briers, General Counsel of Snap Inc., disposed of 201,238 shares in two open-market sales to cover tax withholding on settled RSUs. On May 18, 2026 he sold 129,493 shares at a weighted average price of $5.60 for proceeds of $725,200; on May 19, 2026 he sold 71,745 shares at a weighted average price of $5.67 for proceeds of $406,823. Total proceeds were roughly $1,132,023. These were sales (routine dispositions) rather than purchases.
Key Details
- Transaction dates and prices:
- May 18, 2026 — 129,493 shares @ weighted avg $5.60 (prices ranged $5.455–$5.71) — $725,200 (F2)
- May 19, 2026 — 71,745 shares @ weighted avg $5.67 (prices ranged $5.535–$5.765) — $406,823 (F4)
- Reason: Shares sold to cover tax withholding related to settlement of restricted stock units (RSUs) (F1).
- Plan: Sales were effected under a pre-established Rule 10b5-1 trading plan adopted Nov 17, 2025 (F3).
- Shares owned after the transactions: not specified in the filing excerpt provided.
- Filing timeliness: Form 4 was filed May 20, 2026 reporting May 18–19 trades; this appears to be within the usual two-business-day reporting window.
Context These sales were disposals tied to tax withholding on RSU settlement and executed under a 10b5-1 plan, which is a prearranged trading program. Such transactions are commonly routine and do not necessarily indicate the insider’s current view of the company’s prospects. The filing includes weighted average prices and notes the filer can provide a breakdown of the individual sale prices upon request.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-05-18$5.60/sh−129,493$725,200→ 2,644,538 total - Sale
Class A Common Stock
[F3][F4]2026-05-19$5.67/sh−71,745$406,823→ 2,572,793 total
Footnotes (4)
- [F1]Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted by the Issuer to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.455 to $5.71 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.535 to $5.765 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.