Steve Ladd Huffman - Mar 20, 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
CEO & President, Director, 10%+ Owner
Signature
/s/ Julie Rogers, Attorney-in-Fact
Stock symbol
RDDT
Transactions as of
Mar 20, 2024
Transactions value $
-$38,939,656
Form type
4
Date filed
3/22/2024, 06:55 PM
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDDT Class A Common Stock Tax liability -$14.3M -422K -28.22% $34.00* 1.07M Mar 20, 2024 Direct F1
transaction RDDT Class A Common Stock Conversion of derivative security +137K +12.76% 1.21M Mar 20, 2024 Direct F2

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 Class B Common Stock Conversion of derivative security $0 -137K -5.04% $0.00 2.58M Mar 20, 2024 Class A Common Stock 137K Direct F2
transaction RDDT Class B Common Stock Tax liability -$24.6M -723K -28% $34.00* 1.86M Mar 20, 2024 Class A Common Stock 723K Direct F1, F2
holding RDDT Class B Common Stock 2.17M Mar 20, 2024 Class A Common Stock 2.17M By The XYZ Revocable Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.
F2 The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis.