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

Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
30 May 2024
Net transactions value
-$480,000
Form type
4
Filing time
29 Aug 2024, 19:43:46 UTC
Previous filing
28 May 2024
Next filing
22 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDDT Class A Common Stock Award $0 +3,076 +4.3% $0.000000 74,238 30 May 2024 Direct F1
transaction RDDT Class A Common Stock Sale $480,000 -8,000 -11% $60.00 66,238 27 Aug 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.