SNAP insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Ajit Mohan Chief Business Officer	6,797	$5.82	0.1%	4.97M	Sep 16, 2026	Sep 18, 2026

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Rebecca Morrow Chief Accounting Officer	20,000	$5.35	3.3%	578K	Sep 9, 2026	Sep 11, 2026

What stands out

Two officers sold shares but ended with larger stakes, because more shares came in than were sold: Derek Andersen (sold 294K, 9.4% of starting holdings; 984K added) and Rebecca Morrow (sold 104K, 22% of starting holdings; 203K added).Derek Andersen: largest sale, Nov 17, 2025 · Rebecca Morrow: largest sale, Sep 9, 2026

Percentages cover 14 of 21 officers and directors. 7 are left out

Left out: Robert Murphy (holdings couldn't be fully reconciled); Evan Spiegel (most holdings were last confirmed in 2020); Michael Lynton (most holdings were last confirmed in 2017); Douglas Hott (most of their shares vested during the period, so a percentage would mislead); Zachary Briers, Matthew McRae and Luke Wood (held no vested shares at the start).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period

Robert Murphy

Chief Technology Officer, Director

No bar: holdings couldn't be fully reconciled.

$63.7MDisclosed plan

Evan Spiegel

Chief Executive Officer, Director

No bar: most holdings were last confirmed in 2020.

$35.3MDisclosed plan

Zachary Briers

General Counsel

Sold 22% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.

$3.4MDisclosed plan

Ajit Mohan

Chief Business Officer

9.1% · $3.1MNo plan disclosed

Douglas Hott

Chief Financial Officer

Sold 14% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.

$2.0M66% planned

All 8 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed

Common questions

Is the Snap Inc CEO selling stock?

Yes. Evan Spiegel sold 4.74M shares ($35.3M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Snap Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 95% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 5% were to cover taxes. A trading plan schedules sales in advance.

Are any Snap Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Snap Inc insiders sell?

About 4.3% overall. As a group they ended with more shares than they started with. These figures leave out Robert Murphy, the largest holder (holdings couldn't be fully reconciled). That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold8 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Robert Murphy Chief Technology Officer, Director	$63.7M 11.34M shares	i No percentage: holdings couldn't be fully reconciled.	Disclosed plan
Evan Spiegel Chief Executive Officer, Director	$35.3M 4.74M shares	i No percentage: most holdings were last confirmed in 2020.	Disclosed plan
Zachary Briers General Counsel	$3.4M 643K shares	22%† i † Most of the shares Zachary Briers sold arrived during the period, so this is shares sold as a share of the 0 held at the start plus the 2.99M received, less 0 withheld by the company for taxes.	Disclosed plan
Ajit Mohan Chief Business Officer	$3.1M 499K shares	9.1%	No plan disclosed
Douglas Hott Chief Financial Officer	$2.0M 371K shares	14%† i † Most of the shares Douglas Hott sold arrived during the period, so this is shares sold as a share of the 245K held at the start plus the 2.45M received, less 0 withheld by the company for taxes.	66% under a disclosed plan
Derek Andersen Chief Financial Officer	$1.8M 294K shares	9.4%	47% under a disclosed plan
Michael O'Sullivan General Counsel	$777K 95K shares	3.9%	24% under a disclosed plan
Rebecca Morrow Chief Accounting Officer	$611K 104K shares	22%	68% under a disclosed plan

The full ownership picture20 of 21 insiders fully reconciled · 21 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Robert Murphy

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +3,851,050 shares on Feb 10, 2026 (an entity or entities). See the filing Sales and other transactions for Robert Murphy are complete.

Chief Technology Officer, Director

n/a

−11.34M

n/a

Vesting, gifts, unvested awards and holding lines for Robert Murphy

0shares vested or exercised

−3.32Mgifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +3,851,050 shares on Feb 10, 2026 (an entity or entities). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	52,911,126	38,586,451
an irrevocable trust	Class A Common Stock	5,307,526	4,963,581
an entity or entities	Class A Common Stock	1,148,950	2,866,669

Additional holdings last reported Dec 11, 2017, not confirmed since: 113,806,334 shares. Not included in any total or percentage on this page.

an irrevocable trust, Class B Common Stock: 5,862,410 shares, last reported Dec 11, 2017
Direct, Class C Common Stock: 107,943,924 shares, last reported Dec 11, 2017

Evan Spiegel

Most of this insider's holdings were last confirmed in 2020. Confirmed in the last three years: 27,515,118 shares. Not confirmed since: 129,545,429 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.

Chief Executive Officer, Director

33.37M

−4.74M

27.52M

see note

Vesting, gifts, unvested awards and holding lines for Evan Spiegel

0shares vested or exercised

−1.12Mgifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	30,343,090	25,487,274
Trust	Class A Common Stock	3,027,844	2,027,844

Additional holdings last reported Sep 2, 2020, not confirmed since: 129,545,429 shares. Not included in any total or percentage on this page.

Trust, Class B Common Stock: 5,862,410 shares, last reported Sep 2, 2020
Direct, Class C Common Stock: 123,683,019 shares, last reported Sep 2, 2020

Ronan Harris

Started reporting during the period; starting holdings are from the Form 3.

Chief Commercial Officer

6.97M

10.32M

no sales

Vesting, gifts, unvested awards and holding lines for Ronan Harris

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	6,966,975	10,320,125

Ajit Mohan

Chief Business Officer

5.46M

−499K

4.97M

91%

Vesting, gifts, unvested awards and holding lines for Ajit Mohan

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	5,464,411	4,965,300

Eric Young

SVP of Engineering

4.13M

no sales

Vesting, gifts, unvested awards and holding lines for Eric Young

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	3,193,291	3,193,291
Trust	Class A Common Stock	933,967	933,967

Derek Andersen

Includes unvested RSUs, amount not disclosed.

Chief Financial Officer

3.11M

−294K

3.80M

+22%

Vesting, gifts, unvested awards and holding lines for Derek Andersen

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	3,109,581	3,799,661

Michael O'Sullivan

General Counsel

2.44M

−95K

2.35M

96%

Vesting, gifts, unvested awards and holding lines for Michael O'Sullivan

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	1,925,864	1,794,888
Trust	Class A Common Stock	514,454	550,548

Michael Lynton

Most of this insider's holdings were last confirmed in 2017. Confirmed in the last three years: 617,856 shares. Not confirmed since: 2,726,300 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.

Director

571K

618K

see note

Vesting, gifts, unvested awards and holding lines for Michael Lynton

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	150,157	197,062
Trust	Class A Common Stock	320,794	320,794
Lynton Foundation	Class A Common Stock	100,000	100,000

Additional holdings last reported Jul 19, 2017, not confirmed since: 2,726,300 shares. Not included in any total or percentage on this page.

entity, Class B Common Stock: 1,509,820 shares, last reported Mar 7, 2017
Unresolved (see footnote), Class B Common Stock: 1,188,930 shares, last reported Jul 19, 2017
Trust, Series A Preferred Stock: 27,550 shares, last reported Mar 1, 2017

Rebecca Morrow

Chief Accounting Officer

479K

−104K

578K

+21%

Vesting, gifts, unvested awards and holding lines for Rebecca Morrow

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	479,302	578,105

Douglas Hott

Started reporting during the period; starting holdings are from the Form 3.

Chief Financial Officer

245K

−371K

2.32M

not meaningful

Vesting, gifts, unvested awards and holding lines for Douglas Hott

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	244,699	2,324,563

Scott Miller

Director

173K

220K

no sales

Vesting, gifts, unvested awards and holding lines for Scott Miller

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	172,852	219,757

Poppy Thorpe

Director

95K

142K

no sales

Vesting, gifts, unvested awards and holding lines for Poppy Thorpe

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	95,312	142,217

Kelly Coffey

Director

91K

138K

no sales

Vesting, gifts, unvested awards and holding lines for Kelly Coffey

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	90,813	137,718

Joanna Coles

Includes unvested RSUs, amount not disclosed.

Director

86K

133K

no sales

Vesting, gifts, unvested awards and holding lines for Joanna Coles

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Class A Common Stock	85,949	132,854

Fidel Vargas

Director

84K

131K

no sales

Vesting, gifts, unvested awards and holding lines for Fidel Vargas

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	83,708	130,613

Patrick Spence

Director

72K

119K

no sales

Vesting, gifts, unvested awards and holding lines for Patrick Spence

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	71,766	118,671

Elizabeth Jenkins

Director

66K

113K

no sales

Vesting, gifts, unvested awards and holding lines for Elizabeth Jenkins

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	65,663	112,568

James Lanzone

Director

55K

102K

no sales

Vesting, gifts, unvested awards and holding lines for James Lanzone

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	55,472	102,377

Zachary Briers

General Counsel

−643K

2.35M

not meaningful

Vesting, gifts, unvested awards and holding lines for Zachary Briers

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	0	2,345,534

Matthew McRae

Director

68K

no sales

Vesting, gifts, unvested awards and holding lines for Matthew McRae

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	0	67,558

Luke Wood

Director

60K

no sales

Vesting, gifts, unvested awards and holding lines for Luke Wood

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Class A Common Stock	0	60,091

20 of 21 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (20 exactly, 0 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 14 of 21 officers and directors. Left out: Robert Murphy (holdings couldn't be fully reconciled); Evan Spiegel (most holdings were last confirmed in 2020); Michael Lynton (most holdings were last confirmed in 2017); Douglas Hott (most of their shares vested during the period, so a percentage would mislead); Zachary Briers, Matthew McRae and Luke Wood (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$111M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $111M across 18,088,315 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $105M · 95%

The lighter segment is sales with no plan disclosed in the filing ($5.5M), including tax-related sales outside a plan.

Taxes

$9.0M of sales (8.1%) cite tax obligations in their footnotes, $3.5M of them also under a plan. Example: Ajit Mohan, Sep 16, 2026

Charitable gifts · 4.44M shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Robert Murphy Chief Technology Officer, Director	11.34M	$63.7M	100%	58%	Nov 7, 2025 to Aug 6, 2026
Evan Spiegel Chief Executive Officer, Director	4.74M	$35.3M	100%	32%	Dec 5, 2025 to Apr 8, 2026
Zachary Briers General Counsel	643K	$3.4M	100%	3%	Feb 17, 2026 to Sep 3, 2026
Ajit Mohan Chief Business Officer	499K	$3.1M	0%	3%	Oct 16, 2025 to Sep 16, 2026
Douglas Hott Chief Financial Officer	371K	$2.0M	66%	2%	May 18, 2026 to Aug 17, 2026
Derek Andersen Chief Financial Officer	294K	$1.8M	47%	2%	Nov 14, 2025 to Mar 16, 2026
Michael O'Sullivan General Counsel	95K	$777K	24%	0.7%	Oct 31, 2025 to Nov 17, 2025
Rebecca Morrow Chief Accounting Officer	104K	$611K	68%	0.6%	Nov 17, 2025 to Sep 9, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$407K	$186K	$221K	$0
Nov 2025	$10.3M	$8.7M	$1.6M	$0
Dec 2025	$20.7M	$20.3M	$452K	$0
Jan 2026	$10.4M	$10.3M	$159K	$0
Feb 2026	$12.5M	$11.7M	$857K	$0
Mar 2026	$555K	$0	$555K	$0
Apr 2026	$5.3M	$5.1M	$169K	$0
May 2026	$26.3M	$26.1M	$251K	$0
Jun 2026	$110K	$72K	$39K	$0
Jul 2026	$114K	$0	$114K	$0
Aug 2026	$23.7M	$22.7M	$1.1M	$0
Sep 2026	$214K	$175K	$40K	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 2.1x the 5-year average. 8 insiders sold; the average is 9 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 8, 2026 Latest 12 months	18.09M	8	$111M
Oct 8, 2025 1 year earlier	10.46M	9	$89.8M
Oct 8, 2024 2 years earlier	5.04M	9	$56.5M
Oct 9, 2023 3 years earlier	5.78M	8	$56.2M
Oct 9, 2022 4 years earlier	5.80M	9	$197M
Oct 9, 2021 5 years earlier	15.97M	11	$1.01B

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Robert Murphy: holdings couldn't be fully reconciled (difference of 1,717,719 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +3,851,050 shares on Feb 10, 2026 (an entity or entities). Filing, Feb 10, 2026

Footnote: "Shares held by an entity or entities in which the reporting person retains investment power over such shares."

Inferred rename: "Alter Grandchildren Trust" is treated as the same holder as "Trust", because the old name was never reported again and the new one opened with the same balance (20,661 shares). Old name, new name

Inferred typo: the share class "Class A Common Stick" is treated as the same class as "Class A Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Jerry Hunter, 887,131 shares): old title, new title

Inferred typo: the share class "Class A Common Sock" is treated as the same class as "Class A Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Derek Andersen, 1,560,175 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology800 filings from SEC EDGAR, and how we read them

All 800 Forms 3, 4 and 5 filed for Snap Inc (SEC CIK 1564408) from Mar 1, 2017 to Sep 22, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (15)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Jerry Hunter	Sep 20, 2023	5,305,887 shares, last reported balance as of Sep 19, 2023
Jeremi Gorman	Sep 19, 2022	1,343,344 shares, last reported balance as of Sep 16, 2022
Stanley Meresman	Jul 22, 2022	36,059 shares, last reported balance as of Jul 20, 2022
Alan Lafley	Jul 22, 2021	188,945 shares, last reported balance as of Jul 21, 2021
Jared Grusd	Jan 21, 2021	1,703,143 shares, last reported balance as of Jan 19, 2021
Christopher Young	Jul 22, 2020	89,324 shares, last reported balance as of Jul 19, 2020
Lara Sweet	Aug 20, 2019	1,153,986 shares, last reported balance as of Aug 16, 2019
Timothy Stone	Jan 18, 2019	2,286,330 shares, last reported balance as of Jan 17, 2019
Imran Khan	Nov 5, 2018	8,737,490 shares, last reported balance as of Nov 1, 2018
Mitchell Lasky	Jul 31, 2018	2,010,023 shares, last reported balance as of Jul 31, 2018
Mitchell Lasky	Jul 31, 2018	48,199,160 shares, last reported balance as of Feb 7, 2018
Andrew Vollero	Apr 18, 2018	1,530,662 shares, last reported balance as of Apr 16, 2018
Steven Horowitz	Dec 6, 2017	4,330,626 shares, last reported balance as of Dec 5, 2017
Timothy Sehn	Nov 3, 2017	2,469,279 shares, last reported balance as of Nov 2, 2017
Christopher Handman	Aug 1, 2017	4,927,512 shares, last reported balance as of Jul 29, 2017

Snap Inc insiders sold $111M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Common questions

Is the Snap Inc CEO selling stock?

Why are Snap Inc insiders selling?

Are any Snap Inc insiders buying?

How much of their stake did Snap Inc insiders sell?

The evidence

Taxes

Charitable gifts · 4.44M shares

Sales by month