According to Snap's latest S-1 filing with the SEC from Feb. 27, Spiegel and Murphy sold 16 million shares each on Thursday. The company opened at $24.
Their 16 million shares is a small fraction of the number of Snap shares the co-founders own. Considering the post-pop price of $25, Spiegel's remaining 210,970,819 shares are still worth about $5.3 billion. Murphy also has the same amount of remaining shares.
After Spiegel and Murphy, here are the people who round out the top five individual shareholders in the company:
Correction: This story was revised to correct the price that Snap insiders sold their shares as part of the IPO allocation. It was $17 per share.