Andersen Derek 4
4 · Snap Inc · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Snap CFO Derek Andersen Sells 92,956 Shares
What Happened
Derek Andersen, Chief Financial Officer of Snap Inc. (SNAP), disposed of 92,956 shares on 2026-03-16 in a sale reported on an SEC Form 4 filed 2026-03-17. The shares were sold at a weighted average price of $4.59 per share for total proceeds of approximately $427,058. Footnote disclosure states the sale was to cover tax withholding obligations in connection with the settlement and release of restricted stock units (RSUs) granted to Andersen.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (no late filing indicated).
- Quantity and price: 92,956 shares sold at a weighted average price of $4.59; per-footnote range $4.555–$4.670.
- Reported value: ~ $427,058.
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Notable footnotes: F1 — sale to satisfy tax withholding on RSU settlement (each RSU represents one share). F2 — weighted average price; reporting person will provide per-price breakdown on request.
Context
This sale was reported as tax-withholding related to the settlement of RSUs, a common administrative transaction that does not by itself indicate a change in an insider’s view of the company. For investors seeking more granular pricing information, the filer has offered to provide the number of shares sold at each separate price within the disclosed range upon request.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-03-16$4.59/sh−92,956$427,058→ 3,799,661 total
Footnotes (2)
- [F1]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.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.555 to $4.670 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.