Steve Ladd Huffman - 16 Dec 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
CEO & President, Director, 10%+ Owner
Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
16 Dec 2024
Net transactions value
-$21,924,576
Form type
4
Filing time
18 Dec 2024, 20:05:16 UTC
Previous filing
13 Dec 2024
Next filing
03 Jan 2025
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 Sale $50,253 -300 -0.05% $167.51 634,671 16 Dec 2024 Direct F1, F2
transaction RDDT Class A Common Stock Sale $50,601 -300 -0.05% $168.67 634,371 16 Dec 2024 Direct F1, F3
transaction RDDT Class A Common Stock Sale $85,160 -500 -0.08% $170.32 633,871 16 Dec 2024 Direct F1, F4
transaction RDDT Class A Common Stock Sale $149,653 -872 -0.14% $171.62 632,999 16 Dec 2024 Direct F1, F5
transaction RDDT Class A Common Stock Sale $68,980 -400 -0.06% $172.45 632,599 16 Dec 2024 Direct F1, F6
transaction RDDT Class A Common Stock Sale $69,348 -400 -0.06% $173.37 632,199 16 Dec 2024 Direct F1, F7
transaction RDDT Class A Common Stock Sale $52,452 -300 -0.05% $174.84 631,899 16 Dec 2024 Direct F1, F8
transaction RDDT Class A Common Stock Sale $279,261 -1,585 -0.25% $176.19 630,314 16 Dec 2024 Direct F1, F9
transaction RDDT Class A Common Stock Sale $760,553 -4,294 -0.68% $177.12 626,020 16 Dec 2024 Direct F1, F10
transaction RDDT Class A Common Stock Sale $685,545 -3,849 -0.61% $178.11 622,171 16 Dec 2024 Direct F1, F11
transaction RDDT Class A Common Stock Sale $179,030 -1,000 -0.16% $179.03 621,171 16 Dec 2024 Direct F1, F12
transaction RDDT Class A Common Stock Sale $35,974 -200 -0.03% $179.87 620,971 16 Dec 2024 Direct F1, F13
transaction RDDT Class A Common Stock Conversion of derivative security $0 +110,408 $0.000000 110,408 16 Dec 2024 By The XYZ Revocable Trust
transaction RDDT Class A Common Stock Sale $223,339 -1,338 -1.2% $166.92 109,070 16 Dec 2024 By The XYZ Revocable Trust F1, F14
transaction RDDT Class A Common Stock Sale $86,995 -519 -0.48% $167.62 108,551 16 Dec 2024 By The XYZ Revocable Trust F1, F15
transaction RDDT Class A Common Stock Sale $236,530 -1,400 -1.3% $168.95 107,151 16 Dec 2024 By The XYZ Revocable Trust F1, F16
transaction RDDT Class A Common Stock Sale $567,496 -3,339 -3.1% $169.96 103,812 16 Dec 2024 By The XYZ Revocable Trust F1, F18
transaction RDDT Class A Common Stock Sale $1,133,079 -6,620 -6.4% $171.16 97,192 16 Dec 2024 By The XYZ Revocable Trust F1, F19
transaction RDDT Class A Common Stock Sale $709,259 -4,126 -4.2% $171.90 93,066 16 Dec 2024 By The XYZ Revocable Trust F1, F20
transaction RDDT Class A Common Stock Sale $525,358 -3,035 -3.3% $173.10 90,031 16 Dec 2024 By The XYZ Revocable Trust F1, F21
transaction RDDT Class A Common Stock Sale $315,607 -1,813 -2% $174.08 88,218 16 Dec 2024 By The XYZ Revocable Trust F1, F22
transaction RDDT Class A Common Stock Sale $437,349 -2,495 -2.8% $175.29 85,723 16 Dec 2024 By The XYZ Revocable Trust F1, F23
transaction RDDT Class A Common Stock Sale $2,204,717 -12,514 -15% $176.18 73,209 16 Dec 2024 By The XYZ Revocable Trust F1, F24
transaction RDDT Class A Common Stock Sale $5,503,783 -31,072 -42% $177.13 42,137 16 Dec 2024 By The XYZ Revocable Trust F1, F25
transaction RDDT Class A Common Stock Sale $5,612,355 -31,523 -75% $178.04 10,614 16 Dec 2024 By The XYZ Revocable Trust F1, F26
transaction RDDT Class A Common Stock Sale $1,529,726 -8,545 -81% $179.02 2,069 16 Dec 2024 By The XYZ Revocable Trust F1, F27
transaction RDDT Class A Common Stock Sale $372,172 -2,069 -100% $179.88 0 16 Dec 2024 By The XYZ Revocable Trust F1, F28

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 -110,408 -8% $0.000000 1,269,694 16 Dec 2024 Class B Common Stock 110,408 $1.93 By The XYZ Revocable Trust F29
transaction RDDT Class B Common Stock Options Exercise $0 +110,408 +6% $0.000000 1,960,938 16 Dec 2024 Class A Common Stock 110,408 By The XYZ Revocable Trust F17
transaction RDDT Class B Common Stock Conversion of derivative security $0 -110,408 -5.6% $0.000000 1,850,530 16 Dec 2024 Class A Common Stock 110,408 By The XYZ Revocable Trust F17
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -86,749 -6.8% $0.000000 1,182,945 18 Dec 2024 Class B Common Stock 86,749 $1.93 By The XYZ Revocable Trust F29
transaction RDDT Class B Common Stock Options Exercise $0 +86,749 +4.7% $0.000000 1,937,279 18 Dec 2024 Class A Common Stock 86,749 By The XYZ Revocable Trust F17
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -3,954 -0.26% $0.000000 1,491,302 18 Dec 2024 Class B Common Stock 3,954 $25.29 Direct F30
transaction RDDT Class B Common Stock Options Exercise $0 +3,954 +0.29% $0.000000 1,348,367 18 Dec 2024 Class A Common Stock 3,954 Direct F17
* 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 $167.07 to $168.05. 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 (16) and (18) to (28 ) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $168.08 to $168.97.
F4 The sales were executed in multiple trades at prices ranging from $170.04 to $170.93.
F5 The sales were executed in multiple trades at prices ranging from $171.05 to $171.89.
F6 The sales were executed in multiple trades at prices ranging from $172.05 to $173.04.
F7 The sales were executed in multiple trades at prices ranging from $173.09 to $173.62.
F8 The sales were executed in multiple trades at prices ranging from $174.38 to $175.27.
F9 The sales were executed in multiple trades at prices ranging from $175.71 to $176.70.
F10 The sales were executed in multiple trades at prices ranging from $176.73 to $177.69.
F11 The sales were executed in multiple trades at prices ranging from $177.73 to $178.69.
F12 The sales were executed in multiple trades at prices ranging from $178.73 to $179.46.
F13 The sales were executed in multiple trades at prices ranging from $179.75 to $179.98.
F14 The sales were executed in multiple trades at prices ranging from $166.25 to $167.22.
F15 The sales were executed in multiple trades at prices ranging from $167.25 to $168.21.
F16 The sales were executed in multiple trades at prices ranging from $168.44 to $169.38.
F17 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.
F18 The sales were executed in multiple trades at prices ranging from $169.50 to $170.45.
F19 The sales were executed in multiple trades at prices ranging from $170.50 to $171.49.
F20 The sales were executed in multiple trades at prices ranging from $171.50 to $172.49.
F21 The sales were executed in multiple trades at prices ranging from $172.54 to $173.46.
F22 The sales were executed in multiple trades at prices ranging from $173.54 to $174.52.
F23 The sales were executed in multiple trades at prices ranging from $174.60 to $175.59.
F24 The sales were executed in multiple trades at prices ranging from $175.61 to $176.60.
F25 The sales were executed in multiple trades at prices ranging from $176.61 to $177.60.
F26 The sales were executed in multiple trades at prices ranging from $177.61 to $178.60.
F27 The sales were executed in multiple trades at prices ranging from $178.61 to $179.59.
F28 The sales were executed in multiple trades at prices ranging from $179.63 to $180.28.
F29 The stock option is fully vested and currently exercisable.
F30 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.