Steve Ladd Huffman - Sep 16, 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
Sep 16, 2024
Transactions value $
-$7,362,466
Form type
4
Date filed
9/18/2024, 08:42 PM
Previous filing
Sep 4, 2024
Next filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDDT Class A Common Stock Conversion of derivative security $0 +7.42K +1.13% $0.00 666K Sep 16, 2024 Direct
transaction RDDT Class A Common Stock Sale -$87.2K -1.5K -0.23% $58.10 664K Sep 16, 2024 Direct F1, F2
transaction RDDT Class A Common Stock Sale -$472K -8K -1.2% $59.04 656K Sep 16, 2024 Direct F1, F3
transaction RDDT Class A Common Stock Sale -$269K -4.5K -0.69% $59.82 652K Sep 16, 2024 Direct F1, F4
transaction RDDT Class A Common Stock Conversion of derivative security $0 +110K $0.00 110K Sep 16, 2024 By The XYZ Revocable Trust
transaction RDDT Class A Common Stock Sale -$440K -7.6K -6.88% $57.93 103K Sep 16, 2024 By The XYZ Revocable Trust F1, F5
transaction RDDT Class A Common Stock Sale -$3.67M -62.3K -60.63% $58.96 40.5K Sep 16, 2024 By The XYZ Revocable Trust F1, F6
transaction RDDT Class A Common Stock Sale -$2.42M -40.5K -100% $59.75 0 Sep 16, 2024 By The XYZ Revocable Trust F1, F7

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 $0 -7.42K -0.51% $0.00 1.44M Sep 16, 2024 Class A Common Stock 7.42K Direct F8
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -110K -5.6% $0.00 1.86M Sep 16, 2024 Class B Common Stock 110K $1.93 By The XYZ Revocable Trust F9
transaction RDDT Class B Common Stock Options Exercise $0 +110K +6.91% $0.00 1.71M Sep 16, 2024 Class A Common Stock 110K By The XYZ Revocable Trust F8
transaction RDDT Class B Common Stock Conversion of derivative security $0 -110K -6.46% $0.00 1.6M Sep 16, 2024 Class A Common Stock 110K By The XYZ Revocable Trust F8
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -86.7K -4.66% $0.00 1.77M Sep 18, 2024 Class B Common Stock 86.7K $1.93 By The XYZ Revocable Trust F9
transaction RDDT Class B Common Stock Options Exercise $0 +86.7K +5.43% $0.00 1.68M Sep 18, 2024 Class A Common Stock 86.7K By The XYZ Revocable Trust F8
* 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 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.
F2 The sales were executed in multiple trades at prices ranging from $57.46 to $58.45. 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 (2) to (7) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $58.46 to $59.45.
F4 The sales were executed in multiple trades at prices ranging from $59.51 to $60.02.
F5 The sales were executed in multiple trades at prices ranging from $57.32 to $58.31.
F6 The sales were executed in multiple trades at prices ranging from $58.32 to $59.31.
F7 The sales were executed in multiple trades at prices ranging from $59.32 to $60.04.
F8 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.
F9 The option vests over five years on each quarterly anniversary of December 25, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.