Christopher Brian Slowe - 23 Dec 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 Dec 2024
Net transactions value
-$2,717,495
Form type
4
Filing time
26 Dec 2024, 17:11:05 UTC
Previous filing
27 Nov 2024
Next filing
24 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 Conversion of derivative security $0 +11,000 +3.4% $0.000000 335,837 23 Dec 2024 Direct
transaction RDDT Class A Common Stock Sale $50,217 -300 -0.09% $167.39 335,537 23 Dec 2024 Direct F1, F2
transaction RDDT Class A Common Stock Sale $252,720 -1,500 -0.45% $168.48 334,037 23 Dec 2024 Direct F1, F3
transaction RDDT Class A Common Stock Sale $676,400 -4,000 -1.2% $169.10 330,037 23 Dec 2024 Direct F1, F4
transaction RDDT Class A Common Stock Sale $391,713 -2,300 -0.7% $170.31 327,737 23 Dec 2024 Direct F1, F5
transaction RDDT Class A Common Stock Sale $359,520 -2,100 -0.64% $171.20 325,637 23 Dec 2024 Direct F1, F6
transaction RDDT Class A Common Stock Sale $120,470 -700 -0.21% $172.10 324,937 23 Dec 2024 Direct F1, F7
transaction RDDT Class A Common Stock Sale $17,335 -100 -0.03% $173.35 324,837 23 Dec 2024 Direct F1
transaction RDDT Class A Common Stock Sale $20,177 -121 -0.48% $166.75 24,947 23 Dec 2024 By The Slowe Family Trust dated January 26, 2012 F1, F8
transaction RDDT Class A Common Stock Sale $334,115 -1,979 -7.9% $168.83 22,968 23 Dec 2024 By The Slowe Family Trust dated January 26, 2012 F1, F9
transaction RDDT Class A Common Stock Sale $203,856 -1,200 -5.2% $169.88 21,768 23 Dec 2024 By The Slowe Family Trust dated January 26, 2012 F1, F10
transaction RDDT Class A Common Stock Sale $187,935 -1,100 -5.1% $170.85 20,668 23 Dec 2024 By The Slowe Family Trust dated January 26, 2012 F1, F11
transaction RDDT Class A Common Stock Sale $103,038 -600 -2.9% $171.73 20,068 23 Dec 2024 By The Slowe Family Trust dated January 26, 2012 F1, F12
transaction RDDT Class A Common Stock Conversion of derivative security $0 +6,728 +2.1% $0.000000 331,565 24 Dec 2024 Direct
transaction RDDT Class A Common Stock Gift $0 -20,184 -6.1% $0.000000 311,381 24 Dec 2024 Direct F13
transaction RDDT Class A Common Stock Gift $0 +20,184 +101% $0.000000 40,252 24 Dec 2024 By The Slowe Family Trust dated January 26, 2012

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 -4.4% $0.000000 237,192 23 Dec 2024 Class B Common Stock 11,000 $1.93 Direct F14
transaction RDDT Class B Common Stock Options Exercise $0 +11,000 $0.000000 11,000 23 Dec 2024 Class A Common Stock 11,000 Direct F15
transaction RDDT Class B Common Stock Conversion of derivative security $0 -11,000 -100% $0.000000 0 23 Dec 2024 Class A Common Stock 11,000 Direct F15
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -6,728 -2.8% $0.000000 230,464 24 Dec 2024 Class B Common Stock 6,728 $1.93 Direct F14
transaction RDDT Class B Common Stock Options Exercise $0 +6,728 $0.000000 6,728 24 Dec 2024 Class A Common Stock 6,728 Direct F15
transaction RDDT Class B Common Stock Conversion of derivative security $0 -6,728 -100% $0.000000 0 24 Dec 2024 Class A Common Stock 6,728 Direct F15
* 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 $166.73 to $167.72. 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 (3) to (12) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $167.73 to $168.70.
F4 The sales were executed in multiple trades at prices ranging from $168.75 to $169.64.
F5 The sales were executed in multiple trades at prices ranging from $169.76 to $170.74.
F6 The sales were executed in multiple trades at prices ranging from $170.78 to $171.63.
F7 The sales were executed in multiple trades at prices ranging from $171.83 to $172.47.
F8 The sales were executed in multiple trades at prices ranging from $166.72 to $166.89.
F9 The sales were executed in multiple trades at prices ranging from $168.43 to $169.33.
F10 The sales were executed in multiple trades at prices ranging from $169.47 to $170.37.
F11 The sales were executed in multiple trades at prices ranging from $170.48 to $171.35.
F12 The sales were executed in multiple trades at prices ranging from $171.58 to $172.04.
F13 On December 24, 2024, the Reporting Person transferred these shares of Class A common stock of the Issuer to the Slowe Family Trust dated January 26, 2012 for no consideration. The Reporting Person is trustee of the trust, and the Reporting Person and members of his immediate family are the sole beneficiaries of the trust. The Reporting Person remains the beneficial owner of the securities held by the trust.
F14 The stock option is fully vested and currently exercisable.
F15 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.