Steve Ladd Huffman - 23 May 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
23 May 2024
Net transactions value
-$2,493,243
Form type
4
Filing time
28 May 2024, 20:36:27 UTC
Previous filing
11 Apr 2024
Next filing
22 Aug 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 Sale $1,246,592 -21,149 -3% $58.94* 689,157 23 May 2024 Direct F1, F2
transaction RDDT Class A Common Stock Conversion of derivative security $0 +21,150 +3.1% $0.000000 710,307 23 May 2024 Direct
transaction RDDT Class A Common Stock Sale $1,246,651 -21,150 -3% $58.94* 689,157 23 May 2024 Direct F1, 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 -21,150 -0.84% 2,501,112 23 May 2024 Class A Common Stock 21,150 Direct F3
holding RDDT Class B Common Stock 1,510,784 23 May 2024 Class A Common Stock 1,510,784 By The XYZ Revocable Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock unit awards ("RSUs"), the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock.
F2 The price reported in Column 4 is a weighted average price calculated by the broker executing the sell-to-cover transactions. These shares were sold as part of a block trade in multiple transactions, and the Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate sales price.
F3 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.