Tencent Holdings Ltd - 25 Mar 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role: 10%+ Owner
Signature: Tencent Holdings Limited By: /s/ Ma Huateng, Director
Issuer symbol: RDDT
Transactions as of: 25 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 27 Mar 2024, 19:02:33 UTC
Previous filing: 20 Mar 2024
Next filing: 22 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RDDT	Class A Common Stock	Conversion of derivative security		+3,200,000			3,200,000	25 Mar 2024	See footnotes	F1, F3
transaction	RDDT	Class A Common Stock	Conversion of derivative security		+1,076,997	+34%		4,276,997	25 Mar 2024	See footnotes	F1, F4
holding	RDDT	Class A Common Stock						50,425	25 Mar 2024	See footnotes	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RDDT	Series D Preferred Stock	Conversion of derivative security		-7,984,891	-100%		0	25 Mar 2024	Class B Common Stock	7,984,891		See footnotes	F1, F2
transaction	RDDT	Series D-1 Preferred Stock	Conversion of derivative security		-3,543,124	-100%		0	25 Mar 2024	Class B Common Stock	3,543,124		See footnotes	F1, F2
transaction	RDDT	Series E Preferred Stock	Conversion of derivative security		-2,354,370	-100%		0	25 Mar 2024	Class B Common Stock	2,354,370		See footnotes	F1, F2
transaction	RDDT	Series F-1 Preferred Stock	Conversion of derivative security		-1,076,997	-100%		0	25 Mar 2024	Class A Common Stock	1,076,997		See footnotes	F1, F4
transaction	RDDT	Class B Common Stock	Conversion of derivative security		+7,984,891			7,984,891	25 Mar 2024	Class A Common Stock	7,984,891		See footnotes	F1, F2
transaction	RDDT	Class B Common Stock	Conversion of derivative security		-3,200,000	-40%		4,784,891	25 Mar 2024	Class A Common Stock	3,200,000		See footnotes	F1, F3
transaction	RDDT	Class B Common Stock	Conversion of derivative security		+3,543,124	+74%		8,328,015	25 Mar 2024	Class A Common Stock	3,543,124		See footnotes	F1, F2
transaction	RDDT	Class B Common Stock	Conversion of derivative security		+2,354,370	+28%		10,682,385	25 Mar 2024	Class A Common Stock	2,354,370		See footnotes	F1, F2
holding	RDDT	Class B Common Stock						437,987	25 Mar 2024	Class A Common Stock	437,987		See footnotes	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Held of record by Tencent Cloud Europe B.V., a wholly-owned subsidiary of Tencent Holdings Limited ("Tencent").
F2	The Series D-1 Preferred Stock, par value of $0.0001 per share, Series E Preferred Stock, par value of $0.0001 per share, and Series D Preferred Stock, par value of $0.0001 per share, automatically converted into shares of Class B Common Stock, par value of $0.0001, on a one-for-one basis at the closing of the Issuer's initial public offering and had no expiration date. Class B Common Stock is convertible at any time, at the holder's election, or automatically in accordance with the governing documents of the Issuer, into Class A Common Stock, par value of $0.0001 per share, on a one-for-one basis and has no expiration date.
F3	Upon conversion of 3,200,000 of the 7,984,891 shares of the Series D Preferred Stock that automatically converted into shares of Class B Common Stock on a one-for-one basis at the closing of the Issuer's initial public offering and had no expiration date, pursuant to the terms of a certain capital stock conversion election, the resulting 3,200,000 shares of the Class B Common Stock were voluntarily converted into Class A Common Stock on a one-for-one basis and had no expiration date.
F4	The Series F-1 Preferred Stock, par value of $0.0001 per share, automatically converted into Class A Common Stock on a one-for-one basis at the closing of the Issuer's initial public offering and had no expiration date.
F5	Held of record by Jojoba Investment Limited, a wholly-owned subsidiary of Tencent.
F6	Held of record by Jojoba Investment Limited, a wholly-owned subsidiary of Tencent. Class B Common Stock is convertible at any time, at the holder's election, or automatically in accordance with the governing documents of the Issuer, into Class A Common Stock on a one-for-one basis and has no expiration date.