Filing Details
- Accession Number:
- 0001209191-18-011777
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-02-20 21:31:57
- Reporting Period:
- 2018-02-16
- Accepted Time:
- 2018-02-20 21:31:57
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1564408 | Snap Inc | SNAP | Services-Computer Programming, Data Processing, Etc. (7370) | 455452795 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1713777 | J. Michael O'sullivan | C/O Snap Inc. 63 Market Street Venice CA 90291 | General Counsel | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Class A Common Stock | Disposition | 2018-02-16 | 9,248 | $20.25 | 1,046,121 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct |
Footnotes
- Represents 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.04 to$20.63 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of theSecurities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within therange set forth in this footnote.
- As reported on a Form 4 filed on September 8, 2017, the reporting person was granted 1,065,385 RSUs, of which 10% vest in equal quarterly installments during the first 12 months of continuous service from August 15, 2017; 20% vest in equal quarterly installments during the second 12-month period of reporting person's continuous service; 30% vest in equal quarterly installments during the third 12-month period of reporting person's continuous service; and 40% vest in equal quarterly installments during the fourth 12-month period of reporting person's continuous service.
- If the reporting person dies while in continuous service, the service-based requirement will be satisfied as to 100% of the RSUs for which the service-based requirement otherwise already was not satisfied.