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

Role
CEO & President, Director, 10%+ Owner
Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
20 Mar 2024
Net transactions value
-$38,939,656
Form type
4
Filing time
22 Mar 2024, 18:55:13 UTC
Next filing
27 Mar 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 Tax liability $14,346,062 -421,943 -28% $34.00* 1,073,312 20 Mar 2024 Direct F1
transaction RDDT Class A Common Stock Conversion of derivative security +136,994 +13% 1,210,306 20 Mar 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 -136,994 -5% $0.000000 2,583,156 20 Mar 2024 Class A Common Stock 136,994 Direct F2
transaction RDDT Class B Common Stock Tax liability $24,593,594 -723,341 -28% $34.00* 1,859,815 20 Mar 2024 Class A Common Stock 723,341 Direct F1, F2
holding RDDT Class B Common Stock 2,168,730 20 Mar 2024 Class A Common Stock 2,168,730 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.