Steve Ladd Huffman - 18 Feb 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
18 Feb 2025
Net transactions value
-$30,989,948
Form type
4
Filing time
20 Feb 2025, 20:27:58 UTC
Previous filing
04 Feb 2025
Next filing
04 Mar 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 +14,000 +2.3% $0.000000 628,394 18 Feb 2025 Direct
transaction RDDT Class A Common Stock Sale $296,144 -1,600 -0.25% $185.09 626,794 18 Feb 2025 Direct F1, F2
transaction RDDT Class A Common Stock Sale $804,014 -4,315 -0.69% $186.33 622,479 18 Feb 2025 Direct F1, F3
transaction RDDT Class A Common Stock Sale $773,576 -4,135 -0.66% $187.08 618,344 18 Feb 2025 Direct F1, F4
transaction RDDT Class A Common Stock Sale $181,743 -966 -0.16% $188.14 617,378 18 Feb 2025 Direct F1, F5
transaction RDDT Class A Common Stock Sale $100,921 -534 -0.09% $188.99 616,844 18 Feb 2025 Direct F1, F6
transaction RDDT Class A Common Stock Sale $113,922 -600 -0.1% $189.87 616,244 18 Feb 2025 Direct F1, F7
transaction RDDT Class A Common Stock Sale $47,589 -249 -0.04% $191.12 615,995 18 Feb 2025 Direct F1, F8
transaction RDDT Class A Common Stock Sale $38,416 -200 -0.03% $192.08 615,795 18 Feb 2025 Direct F1, F9
transaction RDDT Class A Common Stock Sale $135,784 -701 -0.11% $193.70 615,094 18 Feb 2025 Direct F1, F10
transaction RDDT Class A Common Stock Sale $38,868 -200 -0.03% $194.34 614,894 18 Feb 2025 Direct F1, F11
transaction RDDT Class A Common Stock Sale $78,288 -400 -0.07% $195.72 614,494 18 Feb 2025 Direct F1, F12
transaction RDDT Class A Common Stock Sale $19,655 -100 -0.02% $196.55 614,394 18 Feb 2025 Direct F1
transaction RDDT Class A Common Stock Conversion of derivative security $0 +110,408 $0.000000 110,408 18 Feb 2025 By The XYZ Revocable Trust
transaction RDDT Class A Common Stock Sale $727,521 -3,940 -3.6% $184.65 106,468 18 Feb 2025 By The XYZ Revocable Trust F1, F13
transaction RDDT Class A Common Stock Sale $2,198,257 -11,853 -11% $185.46 94,615 18 Feb 2025 By The XYZ Revocable Trust F1, F14
transaction RDDT Class A Common Stock Sale $7,960,507 -42,702 -45% $186.42 51,913 18 Feb 2025 By The XYZ Revocable Trust F1, F15
transaction RDDT Class A Common Stock Sale $4,472,775 -23,879 -46% $187.31 28,034 18 Feb 2025 By The XYZ Revocable Trust F1, F17
transaction RDDT Class A Common Stock Sale $1,260,487 -6,688 -24% $188.47 21,346 18 Feb 2025 By The XYZ Revocable Trust F1, F18
transaction RDDT Class A Common Stock Sale $1,270,618 -6,709 -31% $189.39 14,637 18 Feb 2025 By The XYZ Revocable Trust F1, F19
transaction RDDT Class A Common Stock Sale $330,240 -1,733 -12% $190.56 12,904 18 Feb 2025 By The XYZ Revocable Trust F1, F20
transaction RDDT Class A Common Stock Sale $306,768 -1,600 -12% $191.73 11,304 18 Feb 2025 By The XYZ Revocable Trust F1, F21
transaction RDDT Class A Common Stock Sale $283,563 -1,470 -13% $192.90 9,834 18 Feb 2025 By The XYZ Revocable Trust F1, F22
transaction RDDT Class A Common Stock Sale $820,465 -4,234 -43% $193.78 5,600 18 Feb 2025 By The XYZ Revocable Trust F1, F23
transaction RDDT Class A Common Stock Sale $525,906 -2,700 -48% $194.78 2,900 18 Feb 2025 By The XYZ Revocable Trust F1, F24
transaction RDDT Class A Common Stock Sale $469,920 -2,400 -83% $195.80 500 18 Feb 2025 By The XYZ Revocable Trust F1, F25
transaction RDDT Class A Common Stock Sale $98,290 -500 -100% $196.58 0 18 Feb 2025 By The XYZ Revocable Trust F1, F26
transaction RDDT Class A Common Stock Conversion of derivative security $0 +37,381 +6.1% $0.000000 651,775 20 Feb 2025 Direct
transaction RDDT Class A Common Stock Tax liability $3,817,856 -20,130 -3.1% $189.66 631,645 20 Feb 2025 Direct F27
transaction RDDT Class A Common Stock Tax liability $3,817,856 -20,130 -3.2% $189.66 611,515 20 Feb 2025 Direct F27

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 -14,000 -1.1% $0.000000 1,298,944 18 Feb 2025 Class A Common Stock 14,000 Direct F16
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -110,408 -11% $0.000000 875,380 18 Feb 2025 Class B Common Stock 110,408 $1.93 By The XYZ Revocable Trust F28
transaction RDDT Class B Common Stock Options Exercise $0 +110,408 +5.5% $0.000000 2,134,436 18 Feb 2025 Class A Common Stock 110,408 By The XYZ Revocable Trust F16
transaction RDDT Class B Common Stock Conversion of derivative security $0 -110,408 -5.2% $0.000000 2,024,028 18 Feb 2025 Class A Common Stock 110,408 By The XYZ Revocable Trust F16
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -86,749 -9.9% $0.000000 788,631 20 Feb 2025 Class B Common Stock 86,749 $1.93 By The XYZ Revocable Trust F28
transaction RDDT Class B Common Stock Options Exercise $0 +86,749 +4.3% $0.000000 2,110,777 20 Feb 2025 Class A Common Stock 86,749 By The XYZ Revocable Trust F16
transaction RDDT Class B Common Stock Conversion of derivative security $0 -37,381 -2.9% $0.000000 1,261,563 20 Feb 2025 Class A Common Stock 37,381 Direct F16
* 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 $184.57 to $185.49. 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 (15) and (17) to (26) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $185.69 to $186.68.
F4 The sales were executed in multiple trades at prices ranging from $186.69 to $187.52.
F5 The sales were executed in multiple trades at prices ranging from $187.74 to $188.72.
F6 The sales were executed in multiple trades at prices ranging from $188.74 to $189.21.
F7 The sales were executed in multiple trades at prices ranging from $189.75 to $190.29.
F8 The sales were executed in multiple trades at prices ranging from $190.83 to $191.50.
F9 The sales were executed in multiple trades at prices ranging from $191.99 to $192.17.
F10 The sales were executed in multiple trades at prices ranging from $193.15 to $194.08.
F11 The sales were executed in multiple trades at prices ranging from $194.22 to $194.46.
F12 The sales were executed in multiple trades at prices ranging from $195.54 to $195.88
F13 The sales were executed in multiple trades at prices ranging from $183.95 to $184.94.
F14 The sales were executed in multiple trades at prices ranging from $184.95 to $185.94.
F15 The sales were executed in multiple trades at prices ranging from $185.95 to $186.93.
F16 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.
F17 The sales were executed in multiple trades at prices ranging from $186.95 to $187.92.
F18 The sales were executed in multiple trades at prices ranging from $187.97 to $188.96.
F19 The sales were executed in multiple trades at prices ranging from $188.97 to $189.95.
F20 The sales were executed in multiple trades at prices ranging from $190.17 to $191.11.
F21 The sales were executed in multiple trades at prices ranging from $191.20 to $192.05.
F22 The sales were executed in multiple trades at prices ranging from $192.25 to $193.23.
F23 The sales were executed in multiple trades at prices ranging from $193.31 to $194.29.
F24 The sales were executed in multiple trades at prices ranging from $194.33 to $195.23.
F25 The sales were executed in multiple trades at prices ranging from $195.51 to $196.14.
F26 The sales were executed in multiple trades at prices ranging from $196.54 to $196.70.
F27 These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.
F28 The stock option is fully vested and currently exercisable.