The insider selling is immaterial and likely driven by routine portfolio diversification or tax planning. No bearish signal; continue to monitor upcoming earnings for any fundamental changes.
Price Chart
Executive Summary
Two insiders at Snap (CTO and General Counsel) sold a combined $2.09M in open-market transactions over a week. However, the total value represents just ~0.02% of the $10.1B market cap, making the sales trivial and unlikely to signal material non-public information. Insider selling, especially at this scale, is a weak signal and does not warrant a bearish read.
Key Financial Metrics
Key Facts
- CTO Robert C. Murphy sold 343.9K shares for ~$2.02M on 2026-05-29.
- General Counsel Zachary M. Briers sold 12K shares for ~$72K on 2026-06-04.
- Total insider selling of $2.09M is ~0.02% of Snap's $10.1B market cap.
- No C-suite cluster buying; only two sellers, one C-suite.
Financial Impact
Insider sales of $2.09M are negligible relative to market cap.
Risk Factors
- Insider selling could accelerate if fundamentals deteriorate, but current activity is negligible.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNAP-1780700438153 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 20d ago | Insider Cluster | $5.84 $5.70 | ▼ −2.40% | ▼ −2.50% | $5.70 (−2.31%) |
Aug 19, 2026 6w ago | Insider Cluster | $5.21 $5.33 | ▼ −2.30% | ▼ −1.19% | $5.70 (−9.50%) |
Jun 11, 2026 16w ago | Institutional Cluster | $5.33 $4.74 | ▲ +11.07% | ▲ +11.50% | $5.70 (−7.04%) |
Jun 5, 2026 16w ago | Insider Cluster | $5.65 $5.71 | ▲ +1.06% | ▼ −1.05% | $5.70 (+0.97%) |
May 20, 2026 19w ago | Insider Cluster | $5.68 $5.71 | ▼ −0.53% | ▲ +1.32% | $5.70 (−0.49%) |
May 20, 2026 19w ago | Insider Cluster | $5.68 $5.71 | ▼ −0.53% | ▲ +1.32% | $5.70 (−0.49%) |
May 20, 2026 19w ago | 8-K | $5.68 $5.71 | ▲ +0.53% | ▼ −1.32% | $5.70 (+0.49%) |
Apr 20, 2026 23w ago | 8-K | $5.64 $5.94 | ▲ +5.32% | ▲ +4.24% | $5.70 (+1.21%) |
Apr 15, 2026 24w ago | 8-K | $6.03 $5.85 | ▼ −3.00% | ▼ −4.64% | $5.70 (−5.34%) |
Apr 8, 2026 25w ago | Insider Cluster | $4.73 $6.03 | ▼ −27.53% | ▼ −24.01% | $5.70 (−20.72%) |
US Market Status
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