Benjamin Seong Lee - Mar 4, 2025 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
Chief Legal Officer
Signature
/s/ Julie Rogers, Attorney-in-Fact
Stock symbol
RDDT
Transactions as of
Mar 4, 2025
Transactions value $
-$13,929,543
Form type
4
Date filed
3/6/2025, 08:06 PM
Previous filing
Feb 24, 2025
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 $594K +75K +56.69% $7.92 207K Mar 4, 2025 Direct
transaction RDDT Class A Common Stock Sale -$239K -1.6K -0.77% $149.17 206K Mar 4, 2025 Direct F1, F2
transaction RDDT Class A Common Stock Sale -$284K -1.89K -0.92% $150.43 204K Mar 4, 2025 Direct F1, F3
transaction RDDT Class A Common Stock Sale -$1.23M -8.09K -3.97% $151.63 196K Mar 4, 2025 Direct F1, F4
transaction RDDT Class A Common Stock Sale -$1.48M -9.7K -4.96% $152.54 186K Mar 4, 2025 Direct F1, F5
transaction RDDT Class A Common Stock Sale -$637K -4.15K -2.23% $153.42 182K Mar 4, 2025 Direct F1, F6
transaction RDDT Class A Common Stock Sale -$340K -2.2K -1.21% $154.66 180K Mar 4, 2025 Direct F1, F7
transaction RDDT Class A Common Stock Sale -$1.08M -6.92K -3.85% $155.63 173K Mar 4, 2025 Direct F1, F8
transaction RDDT Class A Common Stock Sale -$1.12M -7.14K -4.13% $156.54 166K Mar 4, 2025 Direct F1, F9
transaction RDDT Class A Common Stock Sale -$394K -2.5K -1.51% $157.46 163K Mar 4, 2025 Direct F1, F10
transaction RDDT Class A Common Stock Sale -$715K -4.5K -2.76% $158.92 159K Mar 4, 2025 Direct F1, F11
transaction RDDT Class A Common Stock Sale -$2.75M -17.3K -10.89% $159.37 141K Mar 4, 2025 Direct F1, F12
transaction RDDT Class A Common Stock Sale -$1.55M -9.63K -6.81% $160.67 132K Mar 4, 2025 Direct F1, F13
transaction RDDT Class A Common Stock Sale -$1.14M -7.09K -5.38% $161.58 125K Mar 4, 2025 Direct F1, F14
transaction RDDT Class A Common Stock Sale -$999K -6.15K -4.93% $162.56 118K Mar 4, 2025 Direct F1, F15
transaction RDDT Class A Common Stock Sale -$297K -1.82K -1.53% $163.63 117K Mar 4, 2025 Direct F1, F16
transaction RDDT Class A Common Stock Sale -$274K -1.67K -1.43% $164.34 115K Mar 4, 2025 Direct F1, F17

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 -75K -23.11% $0.00 250K Mar 4, 2025 Class A Common Stock 75K $7.92 Direct F18
* 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 December 3, 2024.
F2 The sales were executed in multiple trades at prices ranging from $148.77 to $149.76. 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 (17) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $149.91 to $150.89.
F4 The sales were executed in multiple trades at prices ranging from $151.07 to $152.06.
F5 The sales were executed in multiple trades at prices ranging from $152.07 to $153.06.
F6 The sales were executed in multiple trades at prices ranging from $153.07 to $153.98.
F7 The sales were executed in multiple trades at prices ranging from $154.08 to $154.98.
F8 The sales were executed in multiple trades at prices ranging from $155.08 to $156.06.
F9 The sales were executed in multiple trades at prices ranging from $156.11 to $157.04.
F10 The sales were executed in multiple trades at prices ranging from $157.11 to $158.09.
F11 The sales were executed in multiple trades at prices ranging from $158.11 to $159.09.
F12 The sales were executed in multiple trades at prices ranging from $159.11 to $160.10.
F13 The sales were executed in multiple trades at prices ranging from $160.14 to $161.13.
F14 The sales were executed in multiple trades at prices ranging from $161.14 to $162.11.
F15 The sales were executed in multiple trades at prices ranging from $162.16 to $163.15.
F16 The sales were executed in multiple trades at prices ranging from $163.16 to $164.14.
F17 The sales were executed in multiple trades at prices ranging from $164.16 to $164.60.
F18 The stock option is fully vested and currently exercisable.