Advance Magazine Publishers Inc. - 20 Mar 2024 Form 3 Insider Report for Reddit, Inc. (RDDT)

Role: Director, 10%+ Owner
Signature: /s/ Oren Klein, Chief Financial Officer
Issuer symbol: RDDT
Transactions as of: 20 Mar 2024
Net transactions value: $0
Form type: 3
Filing time: 20 Mar 2024, 18:19:02 UTC
Next filing: 27 Mar 2024
SEC: View on sec.gov

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

Type	Sym	Class	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	RDDT	Class B common stock, par value $0.0001 per share	20 Mar 2024	Class A common stock	34,102,500	$0.000000	Direct	F1
holding	RDDT	Series A preferred stock	20 Mar 2024	Class B common stock	7,500,000	$0.000000	Direct	F2
holding	RDDT	Series E preferred stock	20 Mar 2024	Class B common stock	588,592	$0.000000	Direct	F2
holding	RDDT	Series F-1 preferred stock	20 Mar 2024	Class A common stock	16,182	$0.000000	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Class B common stock is convertible into an equal number of shares of Class A common stock at any time, at the holder's election. Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers set forth in the amended and restated certificate of incorporation of Reddit, Inc. (the "Company"), or upon the first date the aggregate number of then-outstanding shares of Class B common stock ceases to represent at least 7.5% of the aggregate number of then-outstanding shares of the Company's Class A and Class B common stock.
F2	Each share of preferred stock, other than any share of Series F-1 preferred stock, is convertible on a one-for-one basis into Class B common stock at any time at the holder's election. Each share of Series F-1 preferred stock is convertible on a one-for-one basis into Class A common stock at any time at the holder's election. The preferred stock will convert automatically upon the closing of the Company's initial public offering.

Content

The Class B common stock is convertible into an equal number of shares of Class A common stock at any time, at the holder's election. Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers set forth in the amended and restated certificate of incorporation of Reddit, Inc. (the "Company"), or upon the first date the aggregate number of then-outstanding shares of Class B common stock ceases to represent at least 7.5% of the aggregate number of then-outstanding shares of the Company's Class A and Class B common stock.

Each share of preferred stock, other than any share of Series F-1 preferred stock, is convertible on a one-for-one basis into Class B common stock at any time at the holder's election. Each share of Series F-1 preferred stock is convertible on a one-for-one basis into Class A common stock at any time at the holder's election. The preferred stock will convert automatically upon the closing of the Company's initial public offering.

Remarks:

Advance Publications, Inc., a New York corporation, may be deemed to beneficially own the securities of the Company held by Advance Magazine Publishers Inc., a New York corporation ("AMPI"), due to its control of AMPI.