Steve Ladd Huffman - Nov 15, 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
Nov 15, 2024
Transactions value $
-$15,676,498
Form type
4
Date filed
11/19/2024, 08:19 PM
Previous filing
Nov 8, 2024
Next filing
Nov 22, 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 +14K +2.15% $0.00 666K Nov 15, 2024 Direct
transaction RDDT Class A Common Stock Sale -$248K -2K -0.3% $124.04 664K Nov 15, 2024 Direct F1, F2
transaction RDDT Class A Common Stock Sale -$712K -5.71K -0.86% $124.68 658K Nov 15, 2024 Direct F1, F3
transaction RDDT Class A Common Stock Sale -$252K -2K -0.3% $126.23 656K Nov 15, 2024 Direct F1, F4
transaction RDDT Class A Common Stock Sale -$238K -1.87K -0.29% $127.24 654K Nov 15, 2024 Direct F1, F5
transaction RDDT Class A Common Stock Sale -$64K -500 -0.08% $128.07 654K Nov 15, 2024 Direct F1, F6
transaction RDDT Class A Common Stock Sale -$129K -1K -0.15% $129.26 653K Nov 15, 2024 Direct F1, F7
transaction RDDT Class A Common Stock Sale -$104K -800 -0.12% $130.31 652K Nov 15, 2024 Direct F1, F8
transaction RDDT Class A Common Stock Sale -$15.8K -120 -0.02% $131.36 652K Nov 15, 2024 Direct F1, F9
transaction RDDT Class A Common Stock Conversion of derivative security $0 +110K $0.00 110K Nov 15, 2024 By The XYZ Revocable Trust
transaction RDDT Class A Common Stock Sale -$1.06M -8.58K -7.77% $123.80 102K Nov 15, 2024 By The XYZ Revocable Trust F1, F10
transaction RDDT Class A Common Stock Sale -$6.38M -51.2K -50.26% $124.62 50.7K Nov 15, 2024 By The XYZ Revocable Trust F1, F11
transaction RDDT Class A Common Stock Sale -$958K -7.61K -15.02% $125.98 43K Nov 15, 2024 By The XYZ Revocable Trust F1, F12
transaction RDDT Class A Common Stock Sale -$2.04M -16.1K -37.37% $126.72 27K Nov 15, 2024 By The XYZ Revocable Trust F1, F14
transaction RDDT Class A Common Stock Sale -$1.36M -10.7K -39.53% $127.69 16.3K Nov 15, 2024 By The XYZ Revocable Trust F1, F15
transaction RDDT Class A Common Stock Sale -$668K -5.19K -31.84% $128.76 11.1K Nov 15, 2024 By The XYZ Revocable Trust F1, F16
transaction RDDT Class A Common Stock Sale -$845K -6.51K -58.6% $129.83 4.6K Nov 15, 2024 By The XYZ Revocable Trust F1, F17
transaction RDDT Class A Common Stock Sale -$589K -4.5K -97.83% $130.81 100 Nov 15, 2024 By The XYZ Revocable Trust F1, F18
transaction RDDT Class A Common Stock Sale -$13.1K -100 -100% $131.32 0 Nov 15, 2024 By The XYZ Revocable Trust F1

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 -14K -1% $0.00 1.38M Nov 15, 2024 Class A Common Stock 14K Direct F13
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -110K -7% $0.00 1.47M Nov 15, 2024 Class B Common Stock 110K $1.93 By The XYZ Revocable Trust F19
transaction RDDT Class B Common Stock Options Exercise $0 +110K +6.25% $0.00 1.88M Nov 15, 2024 Class A Common Stock 110K By The XYZ Revocable Trust F13
transaction RDDT Class B Common Stock Conversion of derivative security $0 -110K -5.88% $0.00 1.77M Nov 15, 2024 Class A Common Stock 110K By The XYZ Revocable Trust F13
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -86.7K -5.91% $0.00 1.38M Nov 19, 2024 Class B Common Stock 86.7K $1.93 By The XYZ Revocable Trust F19
transaction RDDT Class B Common Stock Options Exercise $0 +86.7K +4.91% $0.00 1.85M Nov 19, 2024 Class A Common Stock 86.7K By The XYZ Revocable Trust F13
* 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 $123.38 to $124.37. 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 (12) and (14) to (18) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $124.38 to $125.30.
F4 The sales were executed in multiple trades at prices ranging from $125.63 to $126.62.
F5 The sales were executed in multiple trades at prices ranging from $126.67 to $127.61.
F6 The sales were executed in multiple trades at prices ranging from $127.74 to $128.39.
F7 The sales were executed in multiple trades at prices ranging from $128.84 to $129.72.
F8 The sales were executed in multiple trades at prices ranging from $129.93 to $130.89.
F9 The sales were executed in multiple trades at prices ranging from $131.13 to $131.41.
F10 The sales were executed in multiple trades at prices ranging from $123.20 to $124.19.
F11 The sales were executed in multiple trades at prices ranging from $124.20 to $125.08.
F12 The sales were executed in multiple trades at prices ranging from $125.28 to $126.27.
F13 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.
F14 The sales were executed in multiple trades at prices ranging from $126.28 to $127.26.
F15 The sales were executed in multiple trades at prices ranging from $127.30 to $128.29.
F16 The sales were executed in multiple trades at prices ranging from $128.31 to $129.29.
F17 The sales were executed in multiple trades at prices ranging from $129.31 to $130.27.
F18 The sales were executed in multiple trades at prices ranging from $130.32 to $131.31.
F19 The stock option is fully vested and currently exercisable.