Benjamin Seong Lee - Aug 20, 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Signature
/s/ Julie Rogers, Attorney-in-Fact
Stock symbol
RDDT
Transactions as of
Aug 20, 2024
Transactions value $
-$4,550,686
Form type
4
Date filed
8/22/2024, 08:39 PM
Previous filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDDT Class A Common Stock Tax liability -$1.03M -19K -7.34% $54.36 240K Aug 20, 2024 Direct F1
transaction RDDT Class A Common Stock Sale -$742K -14K -5.83% $52.96 226K Aug 20, 2024 Direct F2, F3
transaction RDDT Class A Common Stock Sale -$723K -13.4K -5.93% $53.94 213K Aug 20, 2024 Direct F2, F4
transaction RDDT Class A Common Stock Sale -$1.01M -18.4K -8.64% $54.81 194K Aug 20, 2024 Direct F2, F5
transaction RDDT Class A Common Stock Sale -$518K -9.24K -4.75% $56.02 185K Aug 22, 2024 Direct F2, F6
transaction RDDT Class A Common Stock Sale -$525K -9.28K -5.01% $56.62 176K Aug 22, 2024 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 21, 2024.
F3 The sales were executed in multiple trades at prices ranging from $52.45 to $53.44. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price within the ranges set forth in footnotes (3) to (7) to this Form 4.
F4 The sales were executed in multiple trades at prices ranging from $53.45 to $54.44.
F5 The sales were executed in multiple trades at prices ranging from $54.45 to $55.05.
F6 The sales were executed in multiple trades at prices ranging from $55.44 to $56.43.
F7 The sales were executed in multiple trades at prices ranging from $56.45 to $57.13.