Transaction summaryMetric Value Shares sold 4,000,000 Shares gifted 1,200,000 Transaction value $28.2 million Post-transaction shares (directly held) 38,586,451 Post-transaction shares (indirectly held) 8,645,762 Post-transaction value $246.55 millionTransaction value based on SEC Form 4 weighted average sale price ($5.40); post-transaction value based on August 06, 2026 market close ($5.22). Following the 10% reduction, the remaining interest of ~47.2 million total shares represents a market value of $246.55 million as of the August 6, 2026 market close. Following the 10% reduction, the remaining interest of ~47.2 million total shares represents a market value of $246.55 million as of the August 6, 2026 market close. Snap stock is struggling despite the company posting 19% year-over-year growth in Q2 sales to $1.6 billion. In addition, daily active users dropped to 92 million in Snap’s key North America market during Q2, down from 98 million in the prior year.