Snap general counsel Zachary Briers sells $1.05m in stock

Snap Inc. General Counsel Zachary Briers sold 204,044 shares of the company's Class A Common Stock for approximately $1.05 million in August 2026. The transactions occurred on August 17 and August 19, with Briers selling 136,504 shares at a weighted average price of $5.1973 and an additional 67,540 shares at a weighted average price of $5.0806.

The sales were primarily to cover tax obligations related to the settlement of restricted stock units. Briers' ownership of Snap Class A Common Stock is now valued at 2,356,791 shares. Despite a 34% year-to-date decline in stock price to $5.33, the company has a market capitalization of $9.17 billion. Analysts believe the stock is undervalued, and Snap has reported strong revenue growth and positive financial metrics in recent quarters.