Filing Details
- Accession Number:
- 0001209191-20-011311
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-02-20 19:32:28
- Reporting Period:
- 2020-02-18
- Accepted Time:
- 2020-02-20 19:32:28
- 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 |
|---|---|---|---|---|---|---|---|
| 1757887 | Jeremi Gorman | C/O Snap Inc. 2772 Donald Douglas Loop North Santa Monica CA 90405 | Chief Business Officer | 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 | Acquisiton | 2020-02-18 | 330,522 | $0.00 | 2,664,165 | No | 4 | A | Direct | |
| Class A Common Stock | Disposition | 2020-02-18 | 35,504 | $17.36 | 2,628,661 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2020-02-20 | 31,158 | $17.09 | 2,597,503 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Footnotes
- Consists of 330,522 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 1/4th of the shares subject to the award on February 15, 2023 (the "Cliff Vest Date"), subject to the reporting person providing continuous service through the Cliff Vest Date. Thereafter, the forfeiture condition will lapse as to 1/4th of the shares subject to the award after the reporting person completes each quarter of continuous service from the Cliff Vest Date. If the reporting person dies while in continuous service, the forfeiture condition will lapse immediately as to 100% of the then unvested shares.
- Represents the sale of shares to cover tax withholding obligations in connection with the lapse of forfeiture restrictions of restricted stock awards granted by the issuer to the reporting person.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.265 to $17.39 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.
- The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Billionaire Hedge Funds
