SEC Form 4 · accession 0001209191-18-025749
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lara Sweet
Officer — VP, Chief Accounting Officer
Period of report
Apr 19, 2018
Accepted (ET)
Apr 20, 2018 · 6:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001564408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3,F4 | Apr 19, 2018 | S | 18,910 | $15.00 | D | 631,449 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2As reported on a Form 3 filed on November 17, 2017, the reporting person was granted 498,048 RSUs. This RSU vests at the rate of 29,296 shares on each of December 15, 2017 and June 27, 2018, 29,298 shares on March 27, 2018, 43,946 shares on each of September 27, 2018, December 15, 2018, and June 27, 2019, 43,944 shares on March 27, 2019, and 58,594 shares on each of September 27, 2019, December 15, 2019, March 27, 2020, and June 27, 2020.
- F3As reported on a Form 3 filed on November 17, 2017, the reporting person was granted 21,433 RSUs, of which 10% will vest once the reporting person completes 12 months of continuous service from February 15, 2017; 20% will vest in equal quarterly installments during the second 12-month period of the reporting person's continuous service; 30% will vest in equal quarterly installments during the third 12-month period of the reporting person's continuous service; and 40% will vest in equal quarterly installments during the fourth 12-month period of the reporting person's continuous service.
- F4As reported on a Form 3 filed on November 17, 2017, the reporting person was granted 11,601 RSUs, of which 10% will vest once the reporting person completes 12 months of continuous service from May 15, 2017; 20% will vest in equal quarterly installments during the second 12-month period of the reporting person's continuous service; 30% will vest in equal quarterly installments during the third 12-month period of the reporting person's continuous service; and 40% will vest in equal quarterly installments during the fourth 12-month period of the reporting person's continuous service.