CEO Evan Spiegel sold 1,000,000 shares of SNAP at $5.04 on 2026-04-08, reducing stake by 33.0%; stock now at $4.82, -53.4% from 52-week high.
Spiegel reduced his SNAP holdings from 3,027,844 shares to 2,027,844 shares via a $5.0M sale at $4.82, a price now 4.5% above the current quote. His track record at this ticker shows 4 of 5 prior sells were well-timed at the 90-day mark, with three sales posting declines exceeding 30% within 90 days (most recently selling on 2026-01-05 before a 90d return of -43.9%). The current 90-day performance is -41.3%, suggesting this sale may follow the same pattern. The underlying business context is notable: Snap posted $1,506,839,000 in latest-quarter revenue with negative full-year net income of $-103,541,000, yet annual revenue growth remains positive at 10.6%. The combination of repeated well-timed exits at this specific ticker, continued unprofitability despite revenue growth, and a 53% drawdown from the 52-week high reflects material deterioration in stock performance and warrants monitoring of Snap's path to profitability.