Snap (SNAP) CBO Ajit Mohan sells 27,743 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap Inc Chief Business Officer Ajit Mohan reported an automatic share sale tied to RSU taxes. He sold 27,743 shares of Class A Common Stock at a weighted average price of $4.5948 per share to cover tax withholding obligations from vested restricted stock units. After this transaction, he directly holds 5,130,734 shares. The filing notes these shares were sold in multiple trades between $4.555 and $4.665 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 27,743 shares ($127,474)
Net Sell
1 txn
Insider
Mohan Ajit
Role
Chief Business Officer
Sold
27,743 shs ($127K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 27,743 | $4.5948 | $127K |
Holdings After Transaction:
Class A Common Stock — 5,130,734 shares (Direct)
Footnotes (1)
- 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 $4.555 to $4.665 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.
FAQ
What insider transaction did Snap (SNAP) report for Ajit Mohan?
Snap reported that Chief Business Officer Ajit Mohan sold 27,743 Class A shares. The sale was specifically to cover tax withholding obligations arising from the settlement of restricted stock units, rather than a discretionary open-market sale for portfolio rebalancing.
Was the Snap (SNAP) insider sale a routine tax withholding transaction?
Yes. Footnotes state the 27,743 shares were sold to cover tax withholding obligations tied to the settlement and release of restricted stock units. Such transactions are typically mechanical events associated with equity compensation rather than discretionary trading decisions.
What type of security was involved in Ajit Mohan’s Snap (SNAP) transaction?
The transaction involved Snap’s Class A Common Stock, issued upon settlement of restricted stock units. Each RSU represents a contingent right to receive one share of Class A Common Stock, which then may be sold in part to satisfy related tax withholding obligations.