Snap (SNAP) CFO Douglas Hott Sells 131,884 Shares

What Happened
Douglas Hott, Chief Financial Officer of Snap Inc. (SNAP), sold 131,884 shares on August 17, 2026, generating approximately $685,454 in proceeds. The reported weighted-average price was $5.20 per share (sales occurred across prices from $5.065 to $5.28). The sale was made to satisfy tax withholding obligations associated with the settlement and release of restricted stock units (RSUs).

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-19 (filed within the typical two-business-day window).
• Reported weighted-average price: $5.20; actual sale prices ranged $5.065–$5.28 (reporting person can provide per-price breakdown on request).
• Shares sold / disposed: 131,884; gross proceeds reported ≈ $685,454.
• Footnote F1: Sale was to cover tax withholding for RSU settlement (each RSU = right to one share).
• Footnote F2: Price shown is a weighted average; multiple transactions occurred at different prices.
• Shares owned after the transaction: Not provided in the supplied filing excerpt.

Context
This was a tax-withholding sale tied to RSU vesting — a common, routine transaction that does not necessarily indicate the insider's view on the company’s stock. For derivative-related or award transactions, note that RSUs represent contingent rights to receive shares upon settlement; in this case, shares were sold to cover withholding rather than as an independent open-market investment decision.