Steve Ladd Huffman - May 23, 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
May 23, 2024
Transactions value $
-$2,493,243
Form type
4
Date filed
5/28/2024, 08:36 PM
Previous filing
Apr 11, 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 Sale -$1.25M -21.1K -2.98% $58.94* 689K May 23, 2024 Direct F1, F2
transaction RDDT Class A Common Stock Conversion of derivative security $0 +21.2K +3.07% $0.00 710K May 23, 2024 Direct
transaction RDDT Class A Common Stock Sale -$1.25M -21.2K -2.98% $58.94* 689K May 23, 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 -21.2K -0.84% 2.5M May 23, 2024 Class A Common Stock 21.2K Direct F3
holding RDDT Class B Common Stock 1.51M May 23, 2024 Class A Common Stock 1.51M 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.