Zachary M Briers, General Counsel at Snap Inc. (SNAP), recently sold shares of Class A Common Stock totaling approximately $1,132,022.
The sales occurred on May 18 and May 19, 2026, at weighted average prices ranging from $5.6003 to $5.6704 per share.
On May 18, Mr. Briers disposed of 129,493 shares at an average price of $5.6003. This sale covered tax withholding obligations related to restricted stock units (RSUs).
The next day, an additional 71,745 shares were sold at $5.6704 average price, executed under a Rule 10b5-1 trading plan adopted on November 17, 2025.
Following these transactions, Mr. Briers directly holds 2,572,793 shares. Snap's stock trades at $5.62, down over 30% year-to-date and 46% below its 52-week high of $10.41.
According to Bond.az analysis, the stock appears undervalued at current levels. The company, valued at $9.3 billion, remains unprofitable with EPS of -$0.24, but analysts predict profitability this year.
In other news, Snap appointed Luke Wood to its board. Freedom Broker downgraded the stock to Hold, while KeyBanc maintained Sector Weight rating.
