Returning Shares

Returning Shares. Means the aggregate number of shares subject, at such time, to outstanding stock awards granted under the Snap Inc. Amended and Restated 2012 Equity Incentive Plan that (1) expire or terminate for any reason prior to exercise or settlement; (2) are forfeited because of the failure to meet a contingency or condition required to vest such shares or otherwise return to the Company; or (3) are reacquired, withheld (or not issued) to satisfy a tax withholding obligation in connection with an award... or to satisfy the purchase price or exercise price of a stock award. The Returning Shares shall be issued under the Plan as shares of Common Stock. View More

Returning Shares. Any Shares subject to awards granted under the Company's Amended and Restated 2010 Equity Incentive Plan (the 'Existing Plan') that, on or after the Registration Date, expire or otherwise terminate without having been exercised in full, are tendered to or withheld by the Company for payment of an exercise price or for tax withholding obligations, or are forfeited to or repurchased by the Company due to failure to vest, not to exceed 22,000,000 Shares