Robert A. Sauerberg - 25 Mar 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
Director
Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
25 Mar 2024
Net transactions value
+$340,000
Form type
4
Filing time
27 Mar 2024, 18:30:55 UTC
Previous filing
20 Mar 2024
Next filing
22 May 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 Purchase $340,000 +10,000 $34.00* 10,000 25 Mar 2024 Direct

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 E Preferred Stock Conversion of derivative security -47,087 -100% 0 25 Mar 2024 Class B Common Stock 47,087 By Robert A. Sauerberg, Jr. 2002 Revocable Trust F1
transaction RDDT Class B Common Stock Conversion of derivative security +47,087 47,087 25 Mar 2024 Class A Common Stock 47,087 By Robert A. Sauerberg, Jr. 2002 Revocable Trust 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, automatically converted, on a one-for-one basis, into Class B Common Stock immediately prior to the closing of the Issuer's initial public offering.
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.