Snap Chief Technology Officer Sells 2 million Shares as Stock Reaches All-Time Low

Core Insights - Robert C. Murphy, Chief Technology Officer of Snap, sold 2 million shares for approximately $10.63 million, as reported in a SEC Form 4 filing [1][2] Transaction Summary - Total shares sold directly: 2,000,000 [2] - Total shares gifted directly: 601,453 [2] - Total shares traded directly: 2,601,453 [2] - Total transaction value: ~$10.6 million [2] - Post-transaction direct shares: 49,012,324 [2] - Post-transaction indirect shares: 10,307,526 [2] - Post-transaction value of direct ownership: ~$256.3 million [2] Company Overview - Snap's total revenue (TTM): $5.93 billion [4] - Snap's net loss (TTM): -$460.49 million [4] - Total employees: 5,061 [4] - 1-year price change (as of Feb. 14, 2026): -54.99% [4] Company Snapshot - Snap operates as a global social media and digital advertising company, focusing on camera-based communication and augmented reality experiences for younger demographics [5] Financial Performance - Snap reduced its net loss year-over-year to $532 million in Q4 FY2025 from $787 million the previous year [7] - Annual net loss decreased from $698 million last year to $460 million in FY2025 [7] Insider Trading Insights - The 2 million shares sold by Murphy are double his historical median of 1 million shares per transaction [8] - Post-transaction, Murphy retains 49,012,324 shares directly and 10,307,526 shares indirectly, with remaining direct holdings valued at approximately $256.3 million [8] Revenue Expectations - Snap expects Q1 2026 revenue to be between $1.50 to $1.53 billion, below the $1.55 billion forecast from analysts, citing increased competition from Meta and TikTok [9]