Advance Magazine Publishers Inc. - 25 Mar 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
Director, 10%+ Owner
Signature
Advance Magazine Publishers Inc. /s/ Oren Klein, Chief Financial Officer
Issuer symbol
RDDT
Transactions as of
25 Mar 2024
Net transactions value
$0
Form type
4
Filing time
27 Mar 2024, 18:41:30 UTC
Previous filing
20 Mar 2024
Next filing
22 Nov 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, par value $0.0001 per share Conversion of derivative security +16,182 16,182 25 Mar 2024 Direct F1

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 A preferred stock Conversion of derivative security -7,500,000 -100% 0 25 Mar 2024 Class B common stock 7,500,000 Direct F1
transaction RDDT Series E preferred stock Conversion of derivative security -588,592 -100% 0 25 Mar 2024 Class B common stock 588,592 Direct F1
transaction RDDT Series F-1 preferred stock Conversion of derivative security -16,182 -100% 0 25 Mar 2024 Class A common stock 16,182 Direct F1
transaction RDDT Class B Common Stock Conversion of derivative security +8,088,592 +24% 42,191,092 25 Mar 2024 Class A common stock 8,088,592 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of preferred stock, other than any share of Series F-1 preferred stock, converted on a one-for-one basis into Class B common stock in accordance with Reddit, Inc.'s (the "Company") amended and restated certificate incorporation immediately upon the completion of the initial public offering of the Company. Each share of Series F-1 preferred stock converted on a one-for-one basis into Class A common stock in accordance with the Company's amended and restated certificate incorporation immediately upon the completion of the initial public offering of the Company.
F2 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 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.

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.