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Snap Inc | 4: Statement of changes in beneficial ownership of securities-Officer Andersen Derek

SEC announcement ·  Feb 8 08:02
Summary by Futu AI
Snap Inc's Chief Financial Officer, Derek Andersen, was granted 403,276 shares of Class A Common Stock on February 5, 2024. The transaction, which was completed on the same day, was part of a stock grant and did not involve any monetary transaction, as the shares were acquired at a price of $0.00. Following this grant, Andersen's total direct holdings in Snap Inc have increased to 2,631,642 shares. The grant is reflective of the company's ongoing incentive plans for its executives and is a standard practice in the industry to align the interests of the management with those of the shareholders.
Snap Inc's Chief Financial Officer, Derek Andersen, was granted 403,276 shares of Class A Common Stock on February 5, 2024. The transaction, which was completed on the same day, was part of a stock grant and did not involve any monetary transaction, as the shares were acquired at a price of $0.00. Following this grant, Andersen's total direct holdings in Snap Inc have increased to 2,631,642 shares. The grant is reflective of the company's ongoing incentive plans for its executives and is a standard practice in the industry to align the interests of the management with those of the shareholders.
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