Summary by Futu AI
Snap Inc's General Counsel, Michael J. O'Sullivan, completed a sale of 58,924 shares of Class A Common Stock on June 17, 2024, at an average price of $15.5083 per share, totaling approximately $913,811.07. On the same day, O'Sullivan also disposed of an additional 50,525 shares at no cost, which was not reflected in the total market value. After these transactions, O'Sullivan directly held 1,340,597 shares of Snap Inc. Separately, an acquisition of 50,525 shares was made indirectly through a trust, bringing the total indirect holdings to 499,908 shares. The transactions were part of O'Sullivan's planned divestment of Snap Inc stock and were executed in the open market.