Jennifer L. Wong - 19 Sep 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
19 Sep 2024
Net transactions value
-$3,250,500
Form type
4
Filing time
23 Sep 2024, 19:46:21 UTC
Previous filing
18 Sep 2024
Next filing
18 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDDT Class A Common Stock Options Exercise $0 +50,000 +3.2% $0.000000 1,592,457 19 Sep 2024 Direct
transaction RDDT Class A Common Stock Sale $3,250,500 -50,000 -3.1% $65.01 1,542,457 19 Sep 2024 Direct F1, F2
holding RDDT Class A Common Stock 161,000 19 Sep 2024 By MorMa Trust dated June 22, 2021

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 Stock Option (Right to Buy) Options Exercise $0 -50,000 -6.9% $0.000000 669,787 19 Sep 2024 Class A Common Stock 50,000 $5.35 Direct F3
* 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 $65.00 to $65.08. 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.
F3 The stock option is fully vested and currently exercisable.