This cluster is too small to warrant a trade. The $175K in sales is routine portfolio diversification by non-C-suite officers. Monitor the next 10-Q for any fundamental deterioration, but ignore this insider activity.
Price Chart
Executive Summary
Two Snap insiders—the Chief Accounting Officer and General Counsel—sold a combined $175K in open-market sales over a one-week window. The total value is only ~0.002% of Snap's $9.3B market cap, making this a trivial, routine cluster. No C-suite executives (CEO/CFO) participated, and the dollar amounts are immaterial relative to company size. The historical calibration shows past bearish calls on SNAP have been unreliable (44% win rate, -3.27% avg T+20), and the score calibration for this filing type shows no strong directional edge at this impact level. This cluster carries no actionable signal.
Key Financial Metrics
Key Facts
- Chief Accounting Officer Rebecca Morrow sold 20,000 shares at $5.35 for ~$107K on 2026-09-09.
- General Counsel Zachary M. Briers sold 11,300 shares at $6.00 for ~$68K on 2026-09-03.
- Total cluster value of $175K represents ~0.002% of Snap's $9.3B market cap.
- No CEO or CFO participated in the cluster.
- Past bearish calls on SNAP have a 44% win rate at T+20 with -3.27% average return.
Financial Impact
Total insider sales of $175K, negligible relative to $9.3B market cap
Risk Factors
- Insider sales could increase if the stock rallies, but current levels are immaterial.
- No fundamental risk signaled by this cluster.
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-1789168928663 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access