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sellModerate cluster of 410b5-1 plan

Evan Spiegel sold $10M of SNAP

Chief Executive Officer at Snap Inc. 1,259,900 shares at an average of $8.01, traded Dec 5, 2025, filed Dec 9, 2025.

Warning score
45
Value
$10M
1,259,900 shares
Holdings after
29,083,190
-4% from before
From 52-week low
+13%
low $6.99, close $7.91
From 52-week high
-37%
high $12.57, as of Dec 5, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $10.1M at market
    +25
  • Share of holdings sold
    Sold 4.2% of holdings
    0
  • Cluster
    4 insiders selling within 14 days
    +15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

SNAPOct 9, 2026 · close 6.23
Since filing Dec 9, 2025: -21.3%SPY +15.2% · excess -36.6%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001193125-25-313201, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 5, 2025SOpen-market sale
Class A Common Stock10b5-1
-1,300$8.00$10k30,341,790Dec 9, 2025
Dec 8, 2025SOpen-market sale
Class A Common Stock10b5-1
-1,258,600$8.01$10M29,083,190Dec 9, 2025

Related signals

Other insiders at Snap Inc and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
36Weak
SNAPsell 3
Snap Inc
Ajit Mohan
Chief Business Officer
$40k
6,797 shares
-0%
20Weak
SNAPsell 310b5-1
Snap Inc
Rebecca Morrow
Chief Accounting Officer
$107k
20,000 shares
-3%
18Weak
SNAPsell 310b5-1
Snap Inc
Zachary M Briers
General Counsel
$68k
11,257 shares
-0%
39Weak
SNAPsell
Snap Inc
Derek Andersen
Chief Financial Officer
$427k
92,956 shares
-2%
44Moderate
SNAPsell 2
Snap Inc
Derek Andersen
Chief Financial Officer
$296k
63,041 shares
-2%
27Weak
SNAPsell 210b5-1
Snap Inc
Zachary M Briers
General Counsel
$958k
203,325 shares
-7%
14Weak
SNAPsell10b5-1
Snap Inc
Derek Andersen
Chief Financial Officer
$186k
23,715 shares
-1%
50Moderate
SNAPsell 4
Snap Inc
Derek Andersen
Chief Financial Officer
$249k
34,535 shares
-1%
42Moderate
SNAPsell 4
Snap Inc
Ajit Mohan
Chief Business Officer
$203k
28,137 shares
-1%
20Weak
SNAPsell 410b5-1
Snap Inc
Rebecca Morrow
Chief Accounting Officer
$101k
13,873 shares
-3%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Evan Spiegel sold $10M of SNAP | InsiderTell