Christopher Brian Slowe - 23 Sep 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
Chief Technology Officer
Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
23 Sep 2024
Net transactions value
-$1,049,181
Form type
4
Filing time
25 Sep 2024, 19:59:47 UTC
Previous filing
22 Aug 2024
Next filing
24 Oct 2024
SEC
View on sec.gov

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 +11,000 +3.2% $0.000000 350,295 23 Sep 2024 Direct
transaction RDDT Class A Common Stock Sale $462,546 -7,091 -2% $65.23 343,204 23 Sep 2024 Direct F1, F2
transaction RDDT Class A Common Stock Sale $258,619 -3,909 -1.1% $66.16 339,295 23 Sep 2024 Direct F1, F3
transaction RDDT Class A Common Stock Sale $235,224 -3,600 -9% $65.34 36,468 23 Sep 2024 By The Slowe Family Trust dated January 26, 2012 F1, F4
transaction RDDT Class A Common Stock Sale $92,792 -1,400 -3.8% $66.28 35,068 23 Sep 2024 By The Slowe Family Trust dated January 26, 2012 F1, F5

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 -11,000 -3.6% $0.000000 290,376 23 Sep 2024 Class B Common Stock 11,000 $1.93 Direct F6
transaction RDDT Class B Common Stock Options Exercise $0 +11,000 +163% $0.000000 17,728 23 Sep 2024 Class A Common Stock 11,000 Direct F7
transaction RDDT Class B Common Stock Conversion of derivative security $0 -11,000 -62% $0.000000 6,728 23 Sep 2024 Class A Common Stock 11,000 Direct F7
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -6,728 -2.3% $0.000000 283,648 24 Sep 2024 Class B Common Stock 6,728 $1.93 Direct F6
transaction RDDT Class B Common Stock Options Exercise $0 +6,728 +100% $0.000000 13,456 24 Sep 2024 Class A Common Stock 6,728 Direct 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 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 $64.82 to $65.81. 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 (5) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $65.83 to $66.76.
F4 The sales were executed in multiple trades at prices ranging from $64.93 to $65.92.
F5 The sales were executed in multiple trades at prices ranging from $65.99 to $66.80.
F6 The stock option is fully vested and currently exercisable.
F7 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.