{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-004463","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2024-01-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.622318+00:00","generated_at":"2026-06-07T02:16:10.672981+00:00","sec_items":["8.01","9.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Snap reaches amended settlement in stockholder lawsuit; modifies special dividend trigger condition","bullets":["Lawsuit alleged breach of fiduciary duty over charter amendment and stock dividend; settlement reached without admission of wrongdoing.","Special dividend now conditioned on 90-day VWAP ≥ $40 and a ratio test relative to S&P 500 (closing value of 8,862.85).","Settlement hearing scheduled for Feb 26, 2024 at 3:15 p.m. in Delaware Court of Chancery; objections due Feb 11, 2024.","Defendants deny all allegations but settle to avoid further litigation costs and distractions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-004463","json":"https://secwatch.observer/filing/0001193125-24-004463.json","markdown":"https://secwatch.observer/filing/0001193125-24-004463.md","text":"https://secwatch.observer/filing/0001193125-24-004463.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000119312524004463/0001193125-24-004463-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000119312524004463/d37219d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T02:16:10.672981+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}