Summary by Moomoo AI
On April 26, 2024, Snap Inc., the parent company of the popular social media platform Snapchat, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC). This filing is to register an additional 82,274,831 shares of Class A common stock under the Snap Inc. 2017 Equity Incentive Plan. The registration is a result of an evergreen provision that automatically increases the number of shares reserved for issuance under the plan each fiscal year, starting from January 1, 2018. The newly registered shares are of the same class as those previously registered on March 7, 2017, under a prior registration statement. The filing includes references to various corporate documents and exhibits, such as amended and restated certificates of incorporation and bylaws, as well as opinions and consents from legal counsel and the independent registered public accounting firm. The Form S-8 filing also indicates that Snap Inc. is classified as a large accelerated filer according to SEC definitions.