SEC Form 4 · accession 0001209191-18-057466
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremi Gorman
Officer — Chief Business Officer
Period of report
Nov 5, 2018
Accepted (ET)
Nov 6, 2018 · 7:05 pm EST
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 | Nov 5, 2018 | A | 3,249,032 | $0.00 | A | 3,249,470 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 3,199,804 shares of Class A Common Stock issued to the reporting person as a restricted stock award, subject to a forfeiture condition. The forfeiture condition will lapse as to 1/48th of the shares subject to the award after the reporting person completes each month of continuous service from December 15, 2018. If the reporting person dies while in continuous service, the forfeiture condition will lapse immediately as to 100% of the then unvested shares.
- F2Includes 49,228 shares issuable on settlement of fully-vested restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock.