Steve Ladd Huffman - 31 Jan 2025 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
31 Jan 2025
Transactions value $
-$2,827,506
Form type
4
Filing time
04 Feb 2025, 19:47:36 UTC
Previous filing
17 Jan 2025
Next filing
20 Feb 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 +14K +2.28% $0.00 628K 31 Jan 2025 Direct
transaction RDDT Class A Common Stock Sale -$198K -1K -0.16% $198.20 627K 31 Jan 2025 Direct F1, F2
transaction RDDT Class A Common Stock Sale -$678K -3.4K -0.54% $199.48 624K 31 Jan 2025 Direct F1, F3
transaction RDDT Class A Common Stock Sale -$200K -1K -0.16% $200.13 623K 31 Jan 2025 Direct F1, F4
transaction RDDT Class A Common Stock Sale -$343K -1.7K -0.27% $201.66 621K 31 Jan 2025 Direct F1, F5
transaction RDDT Class A Common Stock Sale -$304K -1.5K -0.24% $202.85 620K 31 Jan 2025 Direct F1, F6
transaction RDDT Class A Common Stock Sale -$605K -2.97K -0.48% $203.84 617K 31 Jan 2025 Direct F1, F7
transaction RDDT Class A Common Stock Sale -$334K -1.63K -0.26% $204.80 615K 31 Jan 2025 Direct F1, F8
transaction RDDT Class A Common Stock Sale -$144K -701 -0.11% $205.67 614K 31 Jan 2025 Direct F1, F9
transaction RDDT Class A Common Stock Sale -$20.6K -100 -0.02% $206.42 614K 31 Jan 2025 Direct 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 -1.06% $0.00 1.31M 31 Jan 2025 Class A Common Stock 14K Direct F10
holding RDDT Class B Common Stock 2.02M 31 Jan 2025 Class A Common Stock 1.68M By The XYZ Revocable Trust F10
* 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 $197.80 to $198.71. 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 (9) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $198.84 to $199.80.
F4 The sales were executed in multiple trades at prices ranging from $199.88 to $200.47.
F5 The sales were executed in multiple trades at prices ranging from $201.30 to $202.22.
F6 The sales were executed in multiple trades at prices ranging from $202.30 to $203.29.
F7 The sales were executed in multiple trades at prices ranging from $203.31 to $204.30.
F8 The sales were executed in multiple trades at prices ranging from $204.31 to $205.30.
F9 The sales were executed in multiple trades at prices ranging from $205.37 to $206.31.
F10 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.