Snap Inc
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
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Item 5. Other Information
Insider Trading Arrangements
During the quarter ended September 30, 2025, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted orterminated the contracts, instructions, or written plans for the purchase or sale of our securities set forth in the table below:
| Type of Trading Arrangement | |||||
|---|---|---|---|---|---|
| Name and Position | Date | Action | Rule 10b5-1* | Expiration Date | Total Shares of Class A Common Stock to be Sold |
| Evan Spiegel Co-Founder, Chief Executive Officer, and Director | 9/4/2025 | Adoption (3) | X | 9/4/2026 | (1) |
| Rebecca Morrow Chief Accounting Officer | 9/9/2025 | Adoption (3) | X | 11/18/2026 | (2) |
| Eric Young Senior Vice President of Engineering | 9/9/2025 | Termination (4) | X | 11/18/2025 | (5) |
- Contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
(1)Trading arrangement provides for the sale of a number of shares of Class A Common Stock with a value equal to $30,000,000, individually and as a trustee of a revocable trust, plus such amount as necessary to attain a value equal to $10,000,000 of the gross sale proceeds for additional gifting transactions contemplated by this plan.
(2)Trading arrangement provides for the sale of (1) up to 7,000 shares of Class A Common Stock held by Ms. Morrow, (2) up to 100% of the net issued shares of Class A Common Stock subject to a Restricted Stock Unit Award granted on May 11, 2022, a portion of which will vest on December 15, 2025 on satisfaction of the applicable vesting conditions (“2022 RSUs”) and (3) up to 100% of the net issued shares of Class A Common Stock subject to a Restricted Stock Unit Award granted on April 26, 2023 on satisfaction of the applicable vesting conditions (“2023 RSUs” and, together with the 2022 RSUs, the “RSU Shares”). The actual number of RSU Shares that will be sold pursuant to the trading arrangement will be reduced by the number of shares sold to satisfy tax withholding obligations arising from the vesting of the equity awards and is not yet determinable.
(3)Plan adopted in accordance with Rule 10b5-1(c)(1)(ii)(D)(2).
(4)Represents the termination of a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) adopted on August 21, 2025. Mr. Young ceased to serve as an employee and a Section 16 officer on August 15, 2025.
(5)Trading arrangement provided for the sale of up to 550,000 shares of Class A common stock held by Mr. Young.
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