Here's how much Snap's founders made from its IPO

CEO and co-founder of Snapchat Evan Spiegel

A woman wears Snapchat Spectacles on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to list their IPO in New York, U.S., March 2, 2017. Here's who got richer from the Snapchat IPO
Thursday, 2 Mar 2017 | 2:34 PM ET | 01:26
Snap went public on Thursday. Given its IPO price of $17 a share, CEO Evan Spiegel and chief technology officer Bobby Murphy made a neat $272 million each from selling some of their shares.

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:

Mitchell Lasky, general partner at Snap investor VC firm Benchmark, sold 10,695,868 shares. At the $17 price, he stands to make $181.8 million in sales. His remaining Snap stocks (120,903,572 shares) are worth $3 billion at the post-pop $25 a share price.

Snap vice president of engineering Timothy Sehn did not declare plans to sell shares today. His 6,746,664 shares are worth $168.7 million at the post-pop price.

Snap Chairman Michael Lynton sold 54,907 shares, which will give him a cool $933,419. His remaining Snap stocks (2,964,733 shares) are worth $74.1 million at the post-pop price.
Other investors who will make bank include:

Benchmark Capital Partners sold 10,695,868 shares, worth $181.8 million at $17 a share. Its remaining shares (120,903,572 shares) are worth $3 billion at the post-pop $25 a share price.

Lightspeed Venture Partners sold 4,632,890 shares, worth $78.8 million. Its remaining shares (38,681,870 shares) are worth $967 million at the post-pop price.

General Catalyst Group sold 572,904 shares, worth $9.7 million. Its remaining shares (10,139,736 shares) are worth $253.5 million at the post-pop price.
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.