Insider Trading Arrangements

3 Months Ended

Dec. 31, 2025

During the quarter ended December 31, 2025, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated the contracts, instructions, or written plans for the purchase or sale of our securities set forth in the table below:

Name and Position

Date

Action

Rule 10b5-1*

Expiration Date

Total Shares of Class A Common Stock to be Sold

Robert C. Murphy

Co-Founder, Chief Technology Officer, and Director

11/11/2025

Adoption (2)

03/10/2027

(1)

Poppy Thorpe

Director

12/2/2025

Adoption

3/2/2027

Up to 60,725

Evan Spiegel

Co-Founder, Chief Executive Officer, and Director

12/10/2025

Adoption (2)

12/31/2026

(3)

* Contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.

(1)Trading arrangement provides for the sale of up to 8,000,000 shares of Class A Common Stock by a revocable trust over which Mr. Murphy serves as trustee, plus the gift by such trust of the number of shares necessary to attain a value equal to 30% of such gross sale proceeds, and for the sale of a sufficient amount of shares to generate $3,000,000 in gross sale proceeds by an irrevocable trust over which Mr. Murphy serves as a trustee, but has no financial interest.

(2)Plan adopted in accordance with Rule 10b5-1(c)(1)(ii)(D)(2).

(3)Trading arrangement provides for the sale of a number of shares of Class A Common Stock with a value equal up to $30,000,000 by a revocable trust over which Mr. Spiegel serves as trustee, and for the sale of up to 1,000,000 shares of Class A Common Stock by an irrevocable trust over which Mr. Spiegel serves as a trustee, but has no financial interest.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Robert C. Murphy, [Member]

Trading Arrangements, by Individual

Name

Robert C. Murphy

Title

Co-Founder, Chief Technology Officer, and Director