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SNAP Snap Inc Insider Trading

Latest: CTO Sold $2.0M of Shares · May 2026

Multiple insiders have been active at Snap Inc (SNAP): 4 distinct insiders account for 0 buy filings and 20 sell filings as of Jun 2026. Its highest-significance filing in the last 90 days: CTO Robert C. Murphy sold $2.0M, transaction dated May 2026.

20 filings analyzed · Latest 2026-06-02

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Buys
0
Sells
20
Insiders
4
Direction
Net selling

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 4,738, 2024-2026). Past results don't predict the future. How we measure this ↗

June 2026
2026-06-02 10b5-1 Plan
medium
Chief Technology Officer
343,945 shares
$2,020,814
@ $5.88
Significance 5

CTO Robert C. Murphy sells 343,945 SNAP shares at $5.88; stock now $5.76, -44.7% from 52-week high. Scheduled 10b5-1 plan.

Robert C. Murphy, Chief Technology Officer, executed a sale of 343,945 shares at $5.88 on 2026-05-29 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-11, reducing his holdings by 6.5% to 4,963,581 shares. The current stock price of $5.76 is -44.7% from the 52-week high of $10.41, reflecting significant weakness in SNAP shares over the past year. SNAP remains unprofitable with a net income of $-88,951,000.00 against quarterly revenue of $1,528,791,000.00, and the stock has declined 8.4% over the past 30 days despite a 7.3% gain over 90 days. Because this sale is scheduled under a 10b5-1 plan rather than discretionary, the transaction reflects pre-committed execution rather than a real-time market decision by the executive.

May 2026
2026-05-20 10b5-1 Plan
low
Chief Financial Officer
238,911 shares
$1,346,170
@ $5.63
Significance 3

CFO Hott Douglas sold 114.7K shares of SNAP at $5.67 per pre-arranged 10b5-1 plan; holds 2.46M shares post-sale.

This is a scheduled, non-discretionary sale executed under a 10b5-1 trading plan established on 2025-11-14, meaning timing and volume were pre-determined and not driven by Douglas's current assessment of company direction. The sale of 114,702 shares reduced his holdings by 4.5% to 2,456,447 shares, leaving him still substantially invested in the company. SNAP stock is trading at $5.62, down 46.0% from its 52-week high of $10.41 and down 6.3% over 30 days, reflecting broader market pressure on the stock; the company itself remains unprofitable (net income $-88,951,000 in the latest quarter) despite 10.6% annual revenue growth. Because this transaction is plan-driven rather than discretionary, it provides no signal about management's confidence or concern—the sale was mechanically executed as predetermined.

2026-05-15 10b5-1 Plan
low
Chief Technology Officer
4,000,000 shares
$21,445,200
@ $5.36
Significance 4

CTO Murphy Robert C. executes scheduled 10b5-1 sales: 4.00M SNAP shares for $21.4M across two days.

Robert C. Murphy, Chief Technology Officer, executed two separate sales on 2026-05-13 and 2026-05-14, totaling 4,000,000 shares for $21,445,200.00 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-11. Since this transaction is scheduled rather than discretionary, it reflects a planned capital allocation rather than a tactical market timing decision. Following the sales, Murphy retains 43,809,791 shares in SNAP, representing an 8.4% reduction from his pre-transaction holdings of 47,809,791 shares. Snap remains unprofitable with net income of $-88,951,000.00 against quarterly revenue of $1,528,791,000.00, and the stock trades at $5.53, down 46.9% from its 52-week high of $10.41.

April 2026
2026-04-10 10b5-1 Plan
medium
Chief Executive Officer
1,000,000 shares
$5,041,200
@ $5.04
Significance 4

CEO Evan Spiegel sold 1,000,000 shares of SNAP at $5.04 via pre-arranged 10b5-1 plan

Evan Spiegel, Snap Inc's Chief Executive Officer, executed a sale of 1,000,000 shares at $5.04 on 2026-04-08 under a pre-arranged 10b5-1 trading plan adopted on 2025-12-10, reducing his holdings from 3,027,844 shares to 2,027,844 shares. This represents a -33.0% reduction in his pre-transaction holdings and a total transaction value of $5,041,200.00. Because this sale was scheduled under a Rule 10b5-1 trading plan rather than a discretionary choice, it reflects a predetermined execution strategy established months prior and does not signal real-time conviction about share valuation or company direction. The magnitude of the reduction—one-third of his holdings in a single planned trade—should be monitored alongside broader insider activity patterns, though the scheduled nature of the transaction precludes drawing inferences from its timing.

February 2026
2026-02-10 10b5-1 Plan
low
Chief Technology Officer
2,000,000 shares
$10,625,800
@ $5.31
Significance 3

CTO Robert C. Murphy executes scheduled 10b5-1 sales of 2,000,000 shares ($10.6M) at blended $5.31

Robert C. Murphy, Chief Technology Officer, sold 2 separate tranches totaling 2,000,000 shares (2.00M shares) for $10,625,800.00 ($10.6M) on 2026-02-06 and 2026-02-10, reducing his holdings from 51,012,324 shares to 49,012,324 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2024-11-05, meaning the sales were scheduled and non-discretionary rather than a response to current market conditions. The -3.9% reduction in his holdings reflects routine execution under a pre-existing plan, not an independent decision about valuation or company direction.

January 2026
2026-01-07 10b5-1 Plan
medium
Chief Executive Officer
1,220,165 shares
$10,066,361
@ $8.25
Significance 4

Snap CEO Evan Spiegel sold 1,220,165 shares at $8.25 on 2026-01-05; holds 25,487,274 shares post-sale.

Spiegel sold approximately 4.6% of his holdings at $8.25, currently $0.37 below market price ($8.62). At the same-ticker level, his two most recent sales (2025-08-14 and 2025-08-13) showed positive 90-day returns of +25.5% and +20.4%, meaning the stock rose after those sales—poorly timed outcomes. His broader cross-ticker track record shows an average 90-day return of +9.7% following his 14 prior sells, with only 37.50% of those sales well-timed (stock fell post-sale). Against this backdrop of generally ill-timed selling at this ticker, the company remains unprofitable with net income of $-103,541,000.00 on revenue of $1,506,839,000.00, though annual revenue growth stands at +16.4%. The sale occurs at a price 31.4% below the 52-week high and 5 days after another CEO sale on 2025-12-30.

2026-01-02 10b5-1 Plan
medium
Chief Executive Officer
1,258,850 shares
$10,072,059
@ $8.00
Significance 5

CEO Evan Spiegel sold 1,258,850 shares of SNAP at $8.00 on 2025-12-30 for $10,072,058.85; stock now $8.13, down 35.3% from 52-week high.

Spiegel sold 1.26M shares, reducing his stake by 4.4% to 27.07M shares. The transaction occurred at $8.00, below the current $8.13 price and well below the 52-week high of $12.57. At his cross-ticker track record, Spiegel has sold 13 times with a 90-day well-timed rate of 37.50%, indicating his prior sells have been poorly timed overall (stock rose after most sales). Specific to SNAP, 0 of 3 prior measurable sells were well-timed at 90 days—all three posted positive 90-day returns ranging from +20.4% to +25.5%—a consistent pattern of selling before gains. Snap remains unprofitable (net income −$103.5M) and is trading 35.3% below its 52-week peak, creating a context where large insider sales merit attention as a data point rather than clear conviction.

December 2025
2025-12-09 10b5-1 Plan
medium
Chief Executive Officer
1,259,900 shares
$10,086,752
@ $8.01
Significance 5

Snap CEO Spiegel sells 1,259,900 shares for $10,086,751.60 under pre-arranged 10b5-1 plan

CEO Evan Spiegel executed 2 separate sales totaling 1,259,900 shares for $10,086,751.60 at a blended average price of $8.01, reducing his post-transaction holdings to 29,083,190 shares from 30,343,090 shares (a -4.2% reduction). This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-09-04, making it scheduled rather than discretionary. The sales represent a material reduction in CEO holdings, though the magnitude relative to total position remains moderate. Investors should note this is a mechanical execution under a pre-set plan rather than a discretionary decision responding to current conditions.

November 2025
2025-11-12 10b5-1 Plan
medium
Chief Technology Officer
1,000,000 shares
$8,003,700
@ $8.00
Significance 6

CTO Murphy sells 1.00M SNAP shares at $8.00 (post-trade 51.61M held); stock now at $9.09, +12.9% in 30d

Robert C. Murphy, CTO of Snap Inc, sold 1,000,000 shares at $8.00 on 2025-11-07, reducing his holdings from 52,613,777 to 51,613,777 shares. The $8.0M sale occurred at a price 11.0% below the current market price of $9.09, and the stock has risen 12.9% over the past 30 days and 28.4% over 90 days. At the same-ticker level, Murphy's 5 prior SNAP sales show mixed timing: 3 of 5 were well-timed at the 90-day mark (stock declined after sale), while 2 underperformed (stock rose post-sale). His cross-ticker track record shows 66.67% well-timed sales at the 90-day mark with an average 90-day return of +4.9% after sales, indicating generally average timing. Snap remains unprofitable (net income of -$103.5M in the latest quarter), though revenue grew 16.4% year-over-year, providing fundamental context for a discretionary insider sale by a top executive.

August 2025
2025-08-15 10b5-1 Plan
low
Chief Executive Officer
1,410,755 shares
$10,259,981
@ $7.27
Significance 4

Snap CEO Spiegel sells 1,410,755 shares for $10.3M under pre-arranged 10b5-1 plan; holds 30.34M post-sale

Evan Spiegel, Snap's Chief Executive Officer, executed 2 separate sales totaling 1,410,755 shares for $10,259,980.77 at an average price of $7.27 per share on 2025-08-13 and 2025-08-14. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2024-09-10, indicating these sales were scheduled rather than discretionary decisions. Post-transaction, Spiegel retains 30,343,090 shares, representing a -4.4% reduction in his prior holdings of 31,753,845 shares. As a Rule 10b5-1 plan transaction, the timing and execution reflect a pre-determined schedule and do not convey any information about current market conditions or the executive's contemporaneous views.

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