SNAP INC

CUSIP: 83304AAB2 Class: Convertible Debt

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

Value ($000) $20 Shares 21,000

Institution	Shares	Value ($000)
BARCLAYS PLC	21,000	$20

Increased Positions (2)

OAKTREE CAPITAL MANAGEMENT LP

Value ($000) $3,652 (+84.8%) Shares 3,767,000 (+82.6%)

Russell Investments Group, Ltd.

Value ($000) $1,854 (+16.3%) Shares 1,892,000 (+15.2%)

Institution	Prev Shares	Curr Shares	Change
OAKTREE CAPITAL MANAGEMENT LP	2,063,000	3,767,000	+1,704,000 (+82.6%)
Russell Investments Group, Ltd.	1,642,000	1,892,000	+250,000 (+15.2%)

Decreased Positions (3)

WELLS FARGO & COMPANY/MN

Value ($000) $2,751 (-28.4%) Shares 2,863,000 (-27.8%)

BNP PARIBAS ARBITRAGE, SA

Value ($000) $541 (-31.1%) Shares 560,000 (-30.9%)

Value ($000) $6 (-44.8%) Shares 6,000 (-45.5%)

Institution	Prev Shares	Curr Shares	Change
WELLS FARGO & COMPANY/MN	3,967,000	2,863,000	-1,104,000 (-27.8%)
BNP PARIBAS ARBITRAGE, SA	810,000	560,000	-250,000 (-30.9%)
MORGAN STANLEY	11,000	6,000	-5,000 (-45.5%)

Exited Positions (4)

LPL Financial LLC

Value ($000) $16 Shares 17,000

ROYAL BANK OF CANADA

Value ($000) $4 Shares 4,000

OSAIC HOLDINGS, INC.

Value ($000) $1 Shares 1

Thrivent Financial for Lutherans

Value ($000) $0 Shares 350,000

Institution	Prev Shares	Prev Value ($000)
LPL Financial LLC	17,000	$16
ROYAL BANK OF CANADA	4,000	$4
OSAIC HOLDINGS, INC.	1	$1
Thrivent Financial for Lutherans	350,000	$0