{"scope": "company", "symbol": "SNAP", "name": "Snap Inc", "intelligence": {"score": 12, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 94, "confidence_label": "Deep evidence", "filings": 43, "companies": 1, "insiders": 17, "signal_events": 26, "acquisition_events": 0, "disposal_events": 26, "acquisition_share": 0.0, "disposal_share": 100.0, "acquisition_value": 0.0, "disposal_value": 55751635.2509, "net_value": -55751635.2509, "acquisition_value_label": "$0", "disposal_value_label": "$55.8M", "net_value_label": "-$55.8M", "data_quality": 60, "priced_common_share": 60, "latest_date": "2026-09-16", "latest_signal_date": "2026-09-16", "oldest_date": "2026-04-08", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 43, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 0, "bar_width": 0.0}, {"key": "derivative", "label": "Options and derivatives", "count": 0, "bar_width": 0.0}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Other executive", "count": 19, "bar_width": 100.0}, {"label": "Director", "count": 12, "bar_width": 63.2}, {"label": "Large holder", "count": 7, "bar_width": 36.8}, {"label": "Finance leadership", "count": 4, "bar_width": 21.1}, {"label": "CEO and chair", "count": 1, "bar_width": 5.3}], "supports": ["Participation spans 17 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 16 Sep 2026."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-07-06", "label": "06 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 6.7, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 12, "disposals": 3, "qualified_acquisitions": 0, "qualified_disposals": 2, "total": 15, "height": 100.0, "acquisition_height": 80.0, "disposal_height": 20.0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-17", "label": "17 Aug", "acquisitions": 0, "disposals": 5, "qualified_acquisitions": 0, "qualified_disposals": 5, "total": 5, "height": 33.3, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-08-24", "label": "24 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-31", "label": "31 Aug", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 6.7, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-09-07", "label": "07 Sep", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 6.7, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-09-14", "label": "14 Sep", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 6.7, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-09-21", "label": "21 Sep", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "market": {"latest_week": "2026-09-18", "latest_close": "5.530000", "currency": "USD", "one_week_change": "-2.640845070422535211267605634", "thirteen_week_change": "5.534351145038167938931297710", "four_week_change": "5.534351145038167938931297710", "range_high": "6.070000", "range_low": "4.270000", "average_volume": 185594730, "relative_strength": "-17.510575", "market_dynamics": "0.696568", "fair_value": "9.549295", "fair_value_gap": "-42.08996580375828791549533238", "trend_signal": "1", "one_week_change_label": "-2.6%", "thirteen_week_change_label": "+5.5%", "four_week_change_label": "+5.5%", "fair_value_gap_label": "-42.1%"}, "transactions": [{"date": "2026-09-16", "insider": "MOHAN, AJIT", "role": "Chief Business Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "39575.5325", "value_label": "$39.6K"}, {"date": "2026-09-09", "insider": "MORROW, REBECCA", "role": "Chief Accounting Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "106984.0000", "value_label": "$107.0K"}, {"date": "2026-09-03", "insider": "BRIERS, ZACHARY M", "role": "General Counsel", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "67542.0000", "value_label": "$67.5K"}, {"date": "2026-08-19", "insider": "BRIERS, ZACHARY M", "role": "General Counsel", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "343143.7240", "value_label": "$343.1K"}, {"date": "2026-08-17", "insider": "BRIERS, ZACHARY M", "role": "General Counsel", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "709452.2392", "value_label": "$709.5K"}, {"date": "2026-08-17", "insider": "HOTT, DOUGLAS", "role": "Chief Financial Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "685453.9016", "value_label": "$685.5K"}, {"date": "2026-08-17", "insider": "MOHAN, AJIT", "role": "Chief Business Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "283825.0800", "value_label": "$283.8K"}, {"date": "2026-08-17", "insider": "MORROW, REBECCA", "role": "Chief Accounting Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "90114.2616", "value_label": "$90.1K"}, {"date": "2026-08-07", "insider": "COFFEY, KELLY", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "COLES, JOANNA", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "JENKINS, ELIZABETH", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "LANZONE, JAMES", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "LYNTON, MICHAEL", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "MCRAE, MATTHEW BLAKE", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "MILLER, SCOTT D", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "MORROW, REBECCA", "role": "Chief Accounting Officer", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "SPENCE, PATRICK", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "THORPE, POPPY", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "VARGAS, FIDEL", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-07", "insider": "WOOD, LUKE", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-06", "insider": "MURPHY, ROBERT C.", "role": "Director, Chief Technology Officer, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-08-06", "insider": "MURPHY, ROBERT C.", "role": "Director, Chief Technology Officer, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "10502400.0000", "value_label": "$10.5M"}, {"date": "2026-08-05", "insider": "MURPHY, ROBERT C.", "role": "Director, Chief Technology Officer, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "11110000.0000", "value_label": "$11.1M"}, {"date": "2026-07-16", "insider": "MOHAN, AJIT", "role": "Chief Business Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "114455.8499", "value_label": "$114.5K"}, {"date": "2026-06-17", "insider": "WOOD, LUKE", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-16", "insider": "MOHAN, AJIT", "role": "Chief Business Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "38652.4936", "value_label": "$38.7K"}, {"date": "2026-06-04", "insider": "BRIERS, ZACHARY M", "role": "General Counsel", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "71748.0000", "value_label": "$71.7K"}, {"date": "2026-05-29", "insider": "MURPHY, ROBERT C.", "role": "Director, Chief Technology Officer, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "2020814.4530", "value_label": "$2.0M"}, {"date": "2026-05-19", "insider": "MORROW, REBECCA", "role": "Chief Accounting Officer", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-05-19", "insider": "HOTT, DOUGLAS", "role": "Chief Financial Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "650475.0420", "value_label": "$650.5K"}, {"date": "2026-05-19", "insider": "BRIERS, ZACHARY M", "role": "General Counsel", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "406822.8480", "value_label": "$406.8K"}, {"date": "2026-05-19", "insider": "MORROW, REBECCA", "role": "Chief Accounting Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "20491.8000", "value_label": "$20.5K"}, {"date": "2026-05-18", "insider": "BRIERS, ZACHARY M", "role": "General Counsel", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "725199.6479", "value_label": "$725.2K"}, {"date": "2026-05-18", "insider": "HOTT, DOUGLAS", "role": "Chief Financial Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "695694.6090", "value_label": "$695.7K"}, {"date": "2026-05-18", "insider": "MOHAN, AJIT", "role": "Chief Business Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "250809.4355", "value_label": "$250.8K"}, {"date": "2026-05-18", "insider": "MORROW, REBECCA", "role": "Chief Accounting Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "93650.6149", "value_label": "$93.7K"}, {"date": "2026-05-14", "insider": "MURPHY, ROBERT C.", "role": "Director, Chief Technology Officer, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-05-14", "insider": "MURPHY, ROBERT C.", "role": "Director, Chief Technology Officer, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "10561400.0000", "value_label": "$10.6M"}, {"date": "2026-05-13", "insider": "MURPHY, ROBERT C.", "role": "Director, Chief Technology Officer, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "10883800.0000", "value_label": "$10.9M"}, {"date": "2026-05-09", "insider": "HOTT, DOUGLAS", "role": "Chief Financial Officer", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-16", "insider": "MOHAN, AJIT", "role": "Chief Business Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "168850.2382", "value_label": "$168.9K"}, {"date": "2026-04-15", "insider": "BRIERS, ZACHARY M", "role": "General Counsel", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "69079.4800", "value_label": "$69.1K"}, {"date": "2026-04-08", "insider": "SPIEGEL, EVAN", "role": "Director, Chief Executive Officer, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "5041200.0000", "value_label": "$5.0M"}], "method": "Directional scores use deduplicated, priced common-share evidence with asymmetric disposal weighting, role, freshness, and size controls."}