Hott Douglas 4

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.