---
schema_version: "secwatch.filing_event.v1"
accession: "0000950123-21-012001"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2021-09-01T23:59:59+00:00"
generated_at: "2026-06-29T06:27:41.727875+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Snap to exchange ~$302M of 0.25% convertible notes for 14M shares of Class A common stock

## Summary
- Exchange agreements with noteholders covering $302.4M principal of 0.25% Convertible Senior Notes due 2025.
- Consideration: 14,011,617 shares of Class A common stock; expected close Sept 1, 2021.
- On July 16, 2021, issued 84,174 shares as consideration for an acquisition of a technology company.
- Both issuances are unregistered, relying on Section 4(a)(2) or other exemptions.
- Notes exchanged reduce debt but dilute existing shareholders by ~1% based on current shares outstanding.

## SEC filing metadata
- accession: 0000950123-21-012001
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2021-09-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000095012321012001/0000950123-21-012001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000095012321012001/d201094d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950123-21-012001
- JSON: https://secwatch.observer/filing/0000950123-21-012001.json
- Plain text: https://secwatch.observer/filing/0000950123-21-012001.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.