{
  "id": 1400327,
  "title": "Snap CTO Robert Murphy sells $21.6m in shares",
  "url": "https://urgent.news/2026/08/17/snap-cto-robert-murphy-sells-21-6m-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T02:16:09.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/snap-cto-robert-murphy-sells-216m-in-shares-93CH-4862075"
  },
  "original_language": "en",
  "account": "Snap Inc.'s Chief Technology Officer, Robert C. Murphy, divested a total of $21.6 million worth of shares on August 5 and August 6, 2026. The sales took place under a pre-existing Rule 10b5-1 trading plan, amended in February 2026. Murphy sold 4,000,000 shares, splitting the transactions across two days. On August 5, he sold 2,000,000 shares at an average price of $5.555 per share, while on August 6, he sold another 2,000,000 shares at an average price of $5.2512 per share. The sale prices ranged between $5.2512 and $5.555 throughout the two-day period. In addition to the share sales, Murphy gifted 1,223,340 shares to charity on August 6. Prior to these sales, Murphy owned 38,586,451 shares directly and had an indirect holding of 4,963,581 shares through a trust. Despite Snap's stock price declining 33% year-to-date at $5.41, analysts at InvestingPro suggest the company remains undervalued and is currently listed among the most undervalued stocks. Analysts predict Snap will become profitable this year, and Freedom Broker upgraded the stock to a buy rating with a price target of $7.50.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}