Hott Douglas 4
4 · Snap Inc · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Snap (SNAP) CFO Douglas Hott Sells 238,911 Shares
What Happened
Douglas Hott, Chief Financial Officer of Snap Inc., sold a total of 238,911 shares in two open-market transactions: 124,209 shares on 2026-05-18 for a weighted average price of $5.60 (proceeds $695,695) and 114,702 shares on 2026-05-19 for a weighted average price of $5.67 (proceeds $650,475). Total proceeds were approximately $1,346,170. These were sales (routine liquidity) executed to cover tax withholding in connection with the settlement and release of RSUs.
Key Details
- Transaction dates: 2026-05-18 (124,209 shares, weighted avg $5.60, prices in the batch ranged $5.46–$5.705) and 2026-05-19 (114,702 shares, weighted avg $5.67, prices in the batch ranged $5.53–$5.765).
- Total shares sold: 238,911; total proceeds ≈ $1,346,170.
- Shares owned after transaction: Not disclosed in this filing.
- Notable footnotes: sales were to satisfy tax withholding for RSU settlement (each RSU = 1 share) and were executed under a Rule 10b5-1 trading plan adopted Nov 14, 2025. Weighted-average prices reflect multiple transactions (ranges provided in filing).
- Filing timeliness: Report filed 2026-05-20 covering trades on 5/18 and 5/19; appears timely under Form 4 rules.
Context
These sales were tax-withholding transactions tied to RSU vesting and executed under a pre-established 10b5-1 plan—common, routine insider activity that generally reflects administrative needs rather than a straightforward signal about the officer’s view on the company’s stock.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-05-18$5.60/sh−124,209$695,695→ 2,571,149 total - Sale
Class A Common Stock
[F3][F4]2026-05-19$5.67/sh−114,702$650,475→ 2,456,447 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 $5.46 to $5.705 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 14, 2025.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.53 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.