SEC Form 4 · accession 0001209191-18-061032
Snap Inc · SNAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Evan Spiegel
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Dec 3, 2018
Accepted (ET)
Dec 4, 2018 · 6:32 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 Stock | Nov 30, 2018 | G | 948,581 | $0.00 | D | 80,452,061 | D | |
| Class A Common StockF2,F3 | Dec 3, 2018 | S | 1,495,200 | $6.4273 | D | 78,956,861 | D | |
| Class A Common StockF4 | holding | — | — | — | 5,862,410 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a charitable gift by the reporting person.
- F2Represents the sale of shares to cover tax withholding obligations in connection with the settlement and release of fully-vested restricted stock units ("RSUs") granted by the Issuer to the reporting person pursuant to a previously filed Restricted Stock Unit Award Agreement between the Issuer and the reporting person (the "RSU Award Agreement") and reported on a Form 4 filed March 9, 2017. This sale is permitted by the reporting person under the RSU Award Agreement, which requires the satisfaction of tax withholding obligations by the reporting person.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.29 to $6.67 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.
- F4Shares held by an irrevocable trust over which the reporting person has voting power.