"Snap was once known as one of the top social media companies, but its stock has been struggling, including hitting an all-time low recently. Robert C. Murphy, Chief Technology Officer of Snap , reported the direct sale of 2 million shares for a total value of approximately $10.63 million across multiple open-market transactions, as disclosed in a SEC Form 4 filing."
"The 2,000,000 shares sold are double the historical median of 1,000,000 shares per transaction. Following the transaction, Murphy maintains 49,012,324 shares in direct ownership and 10,307,526 shares indirectly through a trust, with remaining direct holdings valued at approximately $256.3 million as of Feb. 10, 2026."
Snap's CTO, Robert C. Murphy, sold 2,000,000 shares in multiple open-market transactions for about $10.63 million, disclosed on an SEC Form 4. The sale was twice Murphy's historical median transaction size and occurred under a Rule 10b5-1 trading plan; he also gifted 601,453 shares to charity. After the transactions, Murphy holds 49,012,324 shares directly and 10,307,526 indirectly through a trust, with direct holdings valued around $256.3 million as of Feb. 10, 2026. Snap continues to report net losses but narrowed its Q4 FY2025 loss to $532 million from $787 million year-over-year. The company focuses on camera-based communication and augmented reality for younger demographics.
Read at The Motley Fool
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