SEC Form 4 · accession 0001209191-18-055448
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy R Stone
Officer — Chief Financial Officer
Period of report
Oct 16, 2018
Accepted (ET)
Oct 17, 2018 · 7:30 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 | Oct 16, 2018 | S | 12,842 | $7.1209 | D | 1,206,997 | D | |
| Class A Common StockF3 | Oct 17, 2018 | S | 766 | $7.19 | D | 1,206,231 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of restricted stock units ("RSUs") granted by the issuer to the reporting person. Each RSU represents a contingent right to receive one share of issuer's Class A Common Stock.
- F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.08 to $7.195 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.