Hott Douglas 4

What Happened

• Douglas Hott, Chief Financial Officer of Snap Inc., received a grant of 2,450,659 restricted stock units (RSUs) on May 9, 2026. The Form 4 reports the acquisition price as $0.00 because these are compensation awards (contingent rights to shares), not a cash purchase.

Key Details

• Transaction date: May 9, 2026; Form 4 filed May 12, 2026 (timely filing).
• Transaction type/code: Award/Grant (A) of RSUs; reported acquisition price $0.00.
• Number of RSUs granted: 2,450,659.
• Vesting schedule (from footnote):
  • 575,658 RSUs vest in equal quarterly installments over 9 months starting Feb 15, 2026.
  • 932,566 RSUs vest in equal quarterly installments over 12 months starting Nov 15, 2026.
  • 942,435 RSUs vest in equal quarterly installments over 12 months starting Nov 15, 2027.
  • If the reporting person dies while in continuous service, 100% of the RSUs vest immediately.
• Shares owned after transaction: Not specified in the provided Form 4 disclosure.
• No 10b5-1 plan, tax-withholding, or immediate sale noted in the filing.

Context

• RSU grants are a form of equity compensation and do not require cash outlay by the insider; the reported $0 simply reflects that these are awards rather than market purchases. The economic value to the insider will depend on Snap’s share price as the RSUs vest. Such grants are commonly used for retention and incentive purposes and do not, by themselves, indicate insider selling or buying sentiment.