Michelle Marie Reynolds - May 30, 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Signature
/s/ Julie Rogers, Attorney-in-Fact
Stock symbol
RDDT
Transactions as of
May 30, 2024
Transactions value $
-$480,000
Form type
4
Date filed
8/29/2024, 07:43 PM
Previous filing
May 28, 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 Award $0 +3.08K +4.32% $0.00 74.2K May 30, 2024 Direct F1
transaction RDDT Class A Common Stock Sale -$480K -8K -10.78% $60.00 66.2K Aug 27, 2024 Direct F2
* 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 securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A common stock. 1/4th of the RSUs shall vest on each of August 20, 2024, November 20, 2024, February 20, 2025, and May 20, 2025, subject to the Reporting Person continuing to be a service provider through each such date.
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.