The sale, executed under a Rule 10b5-1 plan, reduces the executive’s stake to 47.2 million shares valued at $246.55 million.
Snap Inc. Chief Technology Officer Robert Murphy sold approximately 5.2 million shares of SNAP between August 5 and August 6, 2026, generating $28.2 million, according to an SEC filing. The weighted average sale price was $5.40 per share, while the stock closed at $5.22 on August 6, 2026.
The transaction was conducted under a pre-arranged Rule 10b5-1 plan adopted on November 11, 2025, and amended on February 11, 2026. The plan removes discretionary timing from the sale process. Post-sale, Murphy retains approximately 47.2 million shares, valued at $246.55 million based on the August 6 closing price.
The filing indicates no concurrent option exercises or conversions, with the shares sold coming from existing Class A Common Stock holdings. Murphy’s indirect holdings include 8.6 million shares distributed across trusts and other entities.