Case 2:21-cv-08892-GW-RAO Document 183-6 Filed 10/27/25 Page 1 of 4 Page ID
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1 SAXENA WHITE P.A. BIENERT KATZMAN
Maya Saxena LITTRELL WILLIAMS LLP
2 [email protected] John L. Littrell (221601)
Joseph E. White, III [email protected]
3 [email protected] Michael R. Williams (192222)
Lester R. Hooker (241590) [email protected]
4 [email protected] 360 E. 2nd Street, Suite 625
7777 Glades Road, Suite 300 Los Angeles, CA 90012
5 Boca Raton, FL 33434 Telephone: (213) 528-3400
Telephone: (561) 394-3399 Facsimile: (949) 369-3701
6 Facsimile: (561) 394-3382
Liaison Counsel for Lead Plaintiff
7 Additional Counsel listed on signature page and the Class
8 Lead Counsel for Lead Plaintiff
and the Class
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11 UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
12 WESTERN DIVISION
13
KELLIE BLACK, individually and on ) No. 2:21-cv-08892-GW (RAO)
14 behalf of all others similarly situated, )
) CLASS ACTION
15 Plaintiff, )
) SUMMARY NOTICE
16 vs. )
) EXHIBIT A-3
17 SNAP INC., EVAN SPIEGEL, and )
JEREMI GORMAN, )
18 )
Defendants. )
19 )
)
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EX. A-3 SUMMARY NOTICE – No. 2:21-cv-08892-GW (RAO)
Case 2:21-cv-08892-GW-RAO Document 183-6 Filed 10/27/25 Page 2 of 4 Page ID
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1 IF YOU PURCHASED OR OTHERWISE ACQUIRED SNAP INC. (“SNAP” OR
THE “COMPANY”) PUBLICLY TRADED SECURITIES OR CALL OPTIONS,
2
OR SOLD SNAP PUT OPTIONS, BETWEEN FEBRUARY 5, 2021 AND
3 OCTOBER 21, 2021, INCLUSIVE, (THE “SETTLEMENT CLASS PERIOD”),
YOU COULD RECEIVE A PAYMENT FROM A CLASS ACTION
4
SETTLEMENT. CERTAIN PERSONS ARE EXCLUDED FROM THE
5 DEFINITION OF THE SETTLEMENT CLASS AS SET FORTH IN THE
STIPULATION OF SETTLEMENT. 1
6
7 THIS NOTICE WAS AUTHORIZED BY THE COURT. IT IS NOT A
8 LAWYER SOLICITATION. PLEASE READ THIS NOTICE CAREFULLY.
9 YOUR RIGHTS MAY BE AFFECTED BY A CLASS ACTION LAWSUIT
10 PENDING IN THIS COURT.
11 YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules
12 of Civil Procedure and by Order of the United States District Court for the Central
13 District of California, that in the above-captioned litigation (the “Action”), a
14 settlement has been proposed for $65,000,000 in cash (the “Settlement”). A hearing
15 will be held on ____________, 202_, at __:__ _.m., before the Honorable George
16 H. Wu, at the United States District Court, Central District of California, First Street
17 U.S. Courthouse, Courtroom 9D – 9th Floor, 350 W 1st Street, Suite 4311
18 Los Angeles, CA 90012-4565, for the purpose of determining whether: (i) the
19 proposed Settlement should be approved by the Court as fair, reasonable, and
20 adequate; (ii) the proposed Plan of Allocation for distribution of the Settlement
21 proceeds is fair, reasonable, and adequate and therefore should be approved; (iii) the
22 application of Plaintiff’s Counsel for the payment of attorneys’ fees and expenses
23 from the Settlement Fund, including interest earned thereon, and award to Lead
24
25 The capitalized terms not otherwise defined herein shall have the same meaning as
1
they have in the Stipulation of Settlement (“Stipulation”). The Stipulation can be
26 viewed and/or obtained at www.SnapSecuritiesSettlement.com (the “Settlement
Website”), the Court’s Public Access to Court Electronic Records (PACER) system
27 at https://ecf.cacd.uscourts.gov, visiting the office of the Clerk of the Court, or by
contacting the Claims Administrator as described herein. For the precise terms of
28 the Settlement, please see the Stipulation and/or the Notice.
EX. A-3 SUMMARY NOTICE – No. 2:21-cv-08892-GW (RAO) -1-
Case 2:21-cv-08892-GW-RAO Document 183-6 Filed 10/27/25 Page 3 of 4 Page ID
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1 Plaintiff should be granted; and (iv) the judgment as provided under the Stipulation
2 should be entered dismissing the Action with prejudice (the “Settlement Hearing”).
3 The Court may adjourn the Settlement Hearing without further written notice
4 of any kind to the Settlement Class. Settlement Class Members should check the
5 Court’s PACER site or the Settlement Website,
6 www.SnapSecuritiesSettlement.com. Any updates regarding the Settlement
7 Hearing, including any changes to the date or time of the hearing or updates
8 regarding in-person, telephonic, or video conference appearances at the hearing, will
9 be posted to the Settlement Website.
10 IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS
11 DESCRIBED ABOVE, YOUR RIGHTS MAY BE AFFECTED BY THE
12 SETTLEMENT OF THE LITIGATION, AND YOU MAY BE ENTITLED TO
13 SHARE IN THE NET SETTLEMENT FUND. You may obtain a copy of the
14 Stipulation, the long form Notice, and the Proof of Claim and Release form at
15 www.SnapSecuritiesSettlement.com or by contacting the Claims Administrator:
16 Snap Securities Litigation Settlement, c/o A.B. Data, Ltd., P.O. Box 173101,
17 Milwaukee, WI 53217; (877) 777-9249.
18 If you are a Settlement Class Member, to be eligible to share in the distribution
19 of the Net Settlement Fund, you must submit a Proof of Claim and Release online
20 or by mail postmarked no later than ____________, 202_. If you are a Settlement
21 Class Member and do not submit a valid Proof of Claim and Release, you will not
22 be eligible to share in the distribution of the Net Settlement Fund, but you will still
23 be bound by any Judgment entered by the Court in this Action (including the releases
24 provided for therein).
25 To exclude yourself from the Settlement Class, you must submit a written
26 request for exclusion such that it is received by ____, 202_, in the manner and form
27 explained in the Notice. If you properly exclude yourself from the Settlement Class,
28
EX. A-3 SUMMARY NOTICE – No. 2:21-cv-08892-GW (RAO) -2-
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1 you will not be bound by any Judgment or orders entered by the Court in the Action
2 and you will not be eligible to share in the proceeds of the Settlement.
3 Any objection to the proposed Settlement, the Plan of Allocation, or the Fee
4 and Expense Application must be filed with the Court by ___________, 202_, in
5 accordance with the instructions set forth in the Notice. 2
6 PLEASE DO NOT CONTACT THE COURT, THE CLERK’S OFFICE,
7 DEFENDANTS, OR DEFENDANTS’ COUNSEL REGARDING THIS
8 NOTICE. If you have any questions about the Settlement, or your eligibility to
9 participate in the Settlement, you may contact the Claims Administrator or Lead
10 Counsel at the following addresses or by calling (877) 777-9249:
11 Snap Securities Litigation Settlement SAXENA WHITE P.A.
c/o A.B. Data, Ltd. c/o LESTER R. HOOKER
12 7777 Glades Road
P.O. Box 173101 Suite 300
13 Milwaukee, WI 53217 Boca Raton, FL 33434
[email protected]
14 www.SnapSecuritiesSettlement.com
[email protected]
15
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DATED: ________________ BY ORDER OF THE COURT
17 UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
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You can ask the Court to deny approval by filing an objection. You cannot ask the
Court to order a different settlement; the Court can only approve or deny the
25 Settlement and cannot change the terms. If you file a timely written objection, you
may, but are not required to, appear at the Settlement Hearing, either in person or
26 through your own attorney. If you appear through your own attorney, you are
responsible for hiring and paying that attorney. All written objections and
27 supporting papers must clearly identify the case name and number (Black v. Snap
Inc., et al., No. 2:21-cv-08892 (C.D. Cal.)), and include all information required by
28 the Court as detailed in the long form Notice.
EX. A-3 SUMMARY NOTICE – No. 2:21-cv-08892-GW (RAO) -3-
