Snap Executives Sell Shares to Cover Tax Obligations
Snap Inc. executives, including CFO Derek Andersen and CAO Rebecca Morrow, sold shares of Class A Common Stock to meet tax obligations from restricted stock units. Andersen sold 61,334 shares for $665,020, while Morrow sold 8,837 shares for $95,828. Post-sale, Andersen retains 3,564,235 shares, and Morrow holds 429,892 shares.
| Reporter Name | Relationship | Type | Amount | SEC Filing |
|---|---|---|---|---|
| Andersen Derek | Chief Financial Officer | Sell | $665,020 | Form 4 |
| Morrow Rebecca | CAO | Sell | $95,828 | Form 4 |
Snap Inc. executives have recently conducted sales of Class A Common Stock to cover tax withholding obligations related to the release of restricted stock units (RSUs).
Snap's Chief Financial Officer, Derek Andersen, sold 61,334 shares at a weighted average price of $10.8426 per share, totaling $665,020. Following this transaction, Andersen directly owns 3,564,235 shares of Snap's Class A Common Stock.
Snap's Chief Accounting Officer, Rebecca Morrow, sold 8,837 shares at a weighted average price of $10.844 per share, totaling $95,828. Following this transaction, Morrow directly owns 429,892 shares of Snap's Class A Common Stock.
