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

Role: 10%+ Owner
Signature: Tencent Holdings Limited By: /s/ Ma Huateng, Director
Stock symbol: RDDT
Transactions as of: Mar 25, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/27/2024, 07:02 PM
Previous filing: Mar 20, 2024
Next filing: Aug 22, 2024

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		+3.2M			3.2M	Mar 25, 2024	See footnotes	F1, F3
transaction	RDDT	Class A Common Stock	Conversion of derivative security		+1.08M	+33.66%		4.28M	Mar 25, 2024	See footnotes	F1, F4
holding	RDDT	Class A Common Stock						50.4K	Mar 25, 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		-7.98M	-100%		0	Mar 25, 2024	Class B Common Stock	7.98M		See footnotes	F1, F2
transaction	RDDT	Series D-1 Preferred Stock	Conversion of derivative security		-3.54M	-100%		0	Mar 25, 2024	Class B Common Stock	3.54M		See footnotes	F1, F2
transaction	RDDT	Series E Preferred Stock	Conversion of derivative security		-2.35M	-100%		0	Mar 25, 2024	Class B Common Stock	2.35M		See footnotes	F1, F2
transaction	RDDT	Series F-1 Preferred Stock	Conversion of derivative security		-1.08M	-100%		0	Mar 25, 2024	Class A Common Stock	1.08M		See footnotes	F1, F4
transaction	RDDT	Class B Common Stock	Conversion of derivative security		+7.98M			7.98M	Mar 25, 2024	Class A Common Stock	7.98M		See footnotes	F1, F2
transaction	RDDT	Class B Common Stock	Conversion of derivative security		-3.2M	-40.08%		4.78M	Mar 25, 2024	Class A Common Stock	3.2M		See footnotes	F1, F3
transaction	RDDT	Class B Common Stock	Conversion of derivative security		+3.54M	+74.05%		8.33M	Mar 25, 2024	Class A Common Stock	3.54M		See footnotes	F1, F2
transaction	RDDT	Class B Common Stock	Conversion of derivative security		+2.35M	+28.27%		10.7M	Mar 25, 2024	Class A Common Stock	2.35M		See footnotes	F1, F2
holding	RDDT	Class B Common Stock						438K	Mar 25, 2024	Class A Common Stock	438K		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.