secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K/A
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-212461
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snap appoints Douglas Hott as CFO with $1M salary and $14.9M equity grant
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- Douglas Hott appointed CFO effective May 9, 2026; annual salary $1,000,000.
- Promotion RSUs valued at least $14,900,000 vest quarterly over 33 months (24% in first 9 months, then 38% each in next 12-month periods).
- Eligible for annual equity awards with target grant value of $6,000,000, vesting after full vesting of Promotion RSUs.
- Offer letter filed as Exhibit 10.1 detailing terms and at-will employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000119312526212461/0001193125-26-212461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000119312526212461/d135064d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-212461

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