Jennifer L. Wong - 18 Nov 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
Chief Operating Officer
Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
18 Nov 2024
Net transactions value
-$9,504,931
Form type
4
Filing time
20 Nov 2024, 20:21:05 UTC
Previous filing
18 Oct 2024
Next filing
18 Dec 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 Options Exercise $0 +33,333 +2.2% $0.000000 1,575,790 18 Nov 2024 Direct
transaction RDDT Class A Common Stock Sale $425,489 -3,389 -0.22% $125.55 1,572,401 18 Nov 2024 Direct F1, F2
transaction RDDT Class A Common Stock Sale $378,497 -2,989 -0.19% $126.63 1,569,412 18 Nov 2024 Direct F1, F3
transaction RDDT Class A Common Stock Sale $792,192 -6,205 -0.4% $127.67 1,563,207 18 Nov 2024 Direct F1, F4
transaction RDDT Class A Common Stock Sale $1,514,618 -11,775 -0.75% $128.63 1,551,432 18 Nov 2024 Direct F1, F5
transaction RDDT Class A Common Stock Sale $1,160,108 -8,975 -0.58% $129.26 1,542,457 18 Nov 2024 Direct F1, F6
transaction RDDT Class A Common Stock Tax liability $5,234,026 -38,160 -2.5% $137.16 1,504,297 20 Nov 2024 Direct F7
holding RDDT Class A Common Stock 161,000 18 Nov 2024 By MorMa Trust dated June 22, 2021

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 Stock Option (Right to Buy) Options Exercise $0 -33,333 -5.2% $0.000000 603,120 18 Nov 2024 Class A Common Stock 33,333 $5.35 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 21, 2024.
F2 The sales were executed in multiple trades at prices ranging from $125.00 to $125.98. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price within the ranges set forth in footnotes (2) to (6) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $126.08 to $126.99.
F4 The sales were executed in multiple trades at prices ranging from $127.08 to $128.07
F5 The sales were executed in multiple trades at prices ranging from $128.08 to $129.07.
F6 The sales were executed in multiple trades at prices ranging from $129.09 to $129.82.
F7 These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.
F8 The stock option is fully vested and currently exercisable.