Snap CBO Ajit Mohan sells $283,825 in stock for tax obligations

Ajit Mohan, Chief Business Officer at Snap Inc., sold approximately $283,825 worth of the company's Class A Common Stock on August 17, 2026, to cover tax withholding obligations related to the settlement and release of restricted stock units (RSUs). The sale, which consisted of 54,608 shares, was executed at a weighted average price of $5.1975 per share.

This transaction comes as Snap's stock has declined 34% year-to-date, trading at $5.33, despite analysts suggesting the stock is currently undervalued. Following this sale, Mohan still holds 4,972,097 shares of Snap's Class A Common Stock. Meanwhile, Snap Inc reported strong second-quarter 2026 financial results, with revenue growing 19% year-over-year and surpassing expectations.

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