Briers Zachary M 4

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.