# EDGAR Filing Document

**Accession Number:** 0001661014
**File Stem:** 0001641172-25-016398
**Filing Date:** 2025-6
**Character Count:** 8793
**Document Hash:** 257de82a40afcdcb3ffafdd0771f9556
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-016398.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001641172-25-016398

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250620

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Foster Neil
- **CENTRAL INDEX KEY:** 0001661014

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41556
- **FILM NUMBER:** 251071312

**MAIL ADDRESS:**
- **STREET 1:** 320 W. 37TH STREET
- **STREET 2:** 13TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Snail, Inc.
- **CENTRAL INDEX KEY:** 0001886894
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 271157839
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 12049 JEFFERSON BOULEVARD
- **CITY:** CULVER CITY
- **STATE:** CA
- **ZIP:** 90230
- **BUSINESS PHONE:** 1 (310) 928-7428

**MAIL ADDRESS:**
- **STREET 1:** 12049 JEFFERSON BOULEVARD
- **CITY:** CULVER CITY
- **STATE:** CA
- **ZIP:** 90230

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Snail Games USA, Inc.
- **DATE OF NAME CHANGE:** 20211006

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Foster Neil<br><sub>(Last) (First) (Middle)</sub><br>C/O SNAIL, INC.<br>12049 JEFFERSON BOULEVARD<br><sub>(Street)</sub><br>CULVER CITY, CA 90230<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-06-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Snail, Inc. [ SNAL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock<sup>(1)(2)</sup> | 2025-06-20 |  | A |  | 44444<sup>(1)(2)</sup> | A | $0 | 56444<sup>(1)(2)</sup> | D |  |
| Class A Common Stock<sup>(3)(4)</sup> | 2025-06-20 |  | A |  | 44444<sup>(3)(4)</sup> | A | $0 | 100888<sup>(3)(4)</sup> | D |  |
| Class A Common Stock<sup>(5)(6)</sup> | 2025-06-20 |  | A |  | 44444<sup>(5)(6)</sup> | A | $0 | 145332<sup>(5)(6)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) On June 20, 2025, Snail, Inc. (the "Issuer") granted the reporting person 44,444 time-based restricted stock units ("RSUs") under the Issuer's 2022 Omnibus Incentive Plan (the "Plan") for serving as a member of the Issuer's Board of Directors (the "Board") during Fiscal 2023. The 44,444 RSUs were calculated by dividing $60,000 by $1.35, the closing price of the Class A common stock on the Nasdaq Capital Market on June 20, 2025.

(2) (continued from footnote 2) Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock, subject to the reporting person's continuous service with the Issuer or any subsidiary of the Issuer (a "Subsidiary") through the vesting date. The RSUs vest immediately upon the execution of the Restricted Stock Unit Award Agreement (Non-Employee Directors) (the "RSU Award Agreement") by the Issuer and the reporting person, which agreement was executed prior to the filing of this report. The grant was approved by the Compensation Committee of the Board and the Board and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

(3) On June 20, 2025, the Issuer granted the reporting person 44,444 time-based RSUs under the Plan for serving as a member of the Board during Fiscal 2024. The 44,444 RSUs were calculated by dividing $60,000 by $1.35, the closing price of the Class A common stock on the Nasdaq Capital Market on June 20, 2025.

(4) (continued from footnote 3) Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock, subject to the reporting person's continuous service with the Issuer or any Subsidiary through the vesting date. The RSUs vest immediately upon the execution of the RSU Award Agreement by the Issuer and the reporting person, which agreement was executed prior to the filing of this report. The grant was approved by the Compensation Committee of the Board and the Board and is exempt pursuant to Rule 16b-3 under the Exchange Act.

(5) On June 20, 2025, the Issuer granted the reporting person 44,444 time-based restricted RSUs under the Plan for serving as a member of the Board on the date of the 2025 Annual Meeting of Stockholders. The 44,444 RSUs were calculated by dividing $60,000 by $1.35, the closing price of the Class A common stock on the Nasdaq Capital Market on June 20, 2025.

(6) (continued from footnote 5) Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock, subject to the reporting person's continuous service with the Issuer or any Subsidiary through the vesting date. The RSUs vest in four (4) equal quarterly installments over the course of one (1) year. The grant was approved by the Compensation Committee of the Board and the Board and is exempt pursuant to Rule 16b-3 under the Exchange Act.

**Signature:** /s/ Heidy Chow, Attorney-In-Fact for Neil Foster  
**Date:** 2025-06-25

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**