Snap Inc
For the period ended Mar 31, 2026. Filed May 7, 2026.
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Mar 31, 2026 · Filed May 7, 2026
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Item 5. Other Information
Insider Trading Arrangements
During the quarter ended March 31, 2026, 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 |
| Robert C. Murphy Co-Founder, Chief Technology Officer, and Director | 2/11/2026 | Modification (1) | X | 3/10/2027 | (2) |
| Ajit Mohan Chief Business Officer | 3/10/2026 | Adoption (3) | X | 5/8/2027 | (4) |
- Contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
(1)Represents the modification of a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) adopted on November 11, 2025.
(2)Trading arrangement provides for the sale of up to 13,000,000 shares of Class A Common Stock by a revocable trust over which Mr. Murphy serves as trustee, plus the gift by such trust of the number of shares necessary to attain a value equal to 30% of such gross sale proceeds, and for the sale of a sufficient amount of shares to generate $2,000,000 in gross sale proceeds by an irrevocable trust over which Mr. Murphy serves as a trustee, but has no financial interest.
(3)Plan adopted in accordance with Rule 10b5-1(c)(1)(ii)(D)(2).
(4)Trading arrangement provides for the sale of (i) up to 50% of shares of Class A Common Stock held by Mr. Mohan in his account as of the applicable calculation date, and (ii) up to 50% of the net issued shares of Class A Common Stock subject to restricted stock unit grants upon satisfaction of the applicable vesting conditions (the “RSU Shares”). The actual number of shares to be sold pursuant to the trading arrangement is not yet determinable and, with respect to the RSU Shares, will be reduced by the number of shares sold to satisfy tax withholding obligations arising from the vesting of the equity awards.
Employment Arrangement with Chief Business Officer
On May 6, 2026, Snap Group Limited Singapore Branch (“Snap Singapore”), one of our subsidiaries, entered into an employment agreement (the “Employment Agreement”) with Ajit Mohan, our Chief Business Officer, effective May 1, 2026, in connection with Mr. Mohan’s voluntary relocation to Singapore. The Employment Agreement replaces and supersedes Mr. Mohan’s prior offer letter with us, dated May 8, 2025.
Pursuant to the Employment Agreement, Mr. Mohan will continue serving as our Chief Business Officer and will receive a base salary of SGD 112,500 per month (which is SGD 1,350,000 per year, or approximately $1,051,000 USD per year). Mr. Mohan may also be eligible to receive an annual discretionary bonus, the payment and amount of which will be determined by Snap Singapore in its sole discretion. In addition, Mr. Mohan will continue to be eligible to participate in our equity incentive plan, with an annual equity target of USD $10,000,000, pursuant to a separate equity eligibility letter dated May 6, 2026 (the “Equity Letter”). The Employment Agreement, which is governed by the laws of the Republic of Singapore, has no fixed term, and either Mr. Mohan or the Company may terminate the employment relationship upon three months’ written notice. In addition, Mr. Mohan is entitled to garden leave under certain circumstances described in the Employment Agreement.
The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement, which is filed as Exhibit 10.2 to this report and incorporated herein by reference. The foregoing description of the Equity Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Equity Letter, which is filed as Exhibit 10.3 to this report and incorporated herein by reference.
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