Benjamin Seong Lee - 04 Mar 2025 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
Chief Legal Officer
Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
04 Mar 2025
Net transactions value
-$13,929,543
Form type
4
Filing time
06 Mar 2025, 20:06:20 UTC
Previous filing
24 Feb 2025
Next filing
22 May 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 Options Exercise $594,000 +75,000 +57% $7.92 207,300 04 Mar 2025 Direct
transaction RDDT Class A Common Stock Sale $238,672 -1,600 -0.77% $149.17 205,700 04 Mar 2025 Direct F1, F2
transaction RDDT Class A Common Stock Sale $284,012 -1,888 -0.92% $150.43 203,812 04 Mar 2025 Direct F1, F3
transaction RDDT Class A Common Stock Sale $1,226,232 -8,087 -4% $151.63 195,725 04 Mar 2025 Direct F1, F4
transaction RDDT Class A Common Stock Sale $1,479,638 -9,700 -5% $152.54 186,025 04 Mar 2025 Direct F1, F5
transaction RDDT Class A Common Stock Sale $636,693 -4,150 -2.2% $153.42 181,875 04 Mar 2025 Direct F1, F6
transaction RDDT Class A Common Stock Sale $340,252 -2,200 -1.2% $154.66 179,675 04 Mar 2025 Direct F1, F7
transaction RDDT Class A Common Stock Sale $1,076,493 -6,917 -3.8% $155.63 172,758 04 Mar 2025 Direct F1, F8
transaction RDDT Class A Common Stock Sale $1,117,539 -7,139 -4.1% $156.54 165,619 04 Mar 2025 Direct F1, F9
transaction RDDT Class A Common Stock Sale $393,650 -2,500 -1.5% $157.46 163,119 04 Mar 2025 Direct F1, F10
transaction RDDT Class A Common Stock Sale $715,299 -4,501 -2.8% $158.92 158,618 04 Mar 2025 Direct F1, F11
transaction RDDT Class A Common Stock Sale $2,751,842 -17,267 -11% $159.37 141,351 04 Mar 2025 Direct F1, F12
transaction RDDT Class A Common Stock Sale $1,547,573 -9,632 -6.8% $160.67 131,719 04 Mar 2025 Direct F1, F13
transaction RDDT Class A Common Stock Sale $1,144,956 -7,086 -5.4% $161.58 124,633 04 Mar 2025 Direct F1, F14
transaction RDDT Class A Common Stock Sale $999,094 -6,146 -4.9% $162.56 118,487 04 Mar 2025 Direct F1, F15
transaction RDDT Class A Common Stock Sale $297,479 -1,818 -1.5% $163.63 116,669 04 Mar 2025 Direct F1, F16
transaction RDDT Class A Common Stock Sale $274,119 -1,668 -1.4% $164.34 115,001 04 Mar 2025 Direct F1, F17

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 -75,000 -23% $0.000000 249,500 04 Mar 2025 Class A Common Stock 75,000 $7.92 Direct F18
* 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 December 3, 2024.
F2 The sales were executed in multiple trades at prices ranging from $148.77 to $149.76. 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 (17) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $149.91 to $150.89.
F4 The sales were executed in multiple trades at prices ranging from $151.07 to $152.06.
F5 The sales were executed in multiple trades at prices ranging from $152.07 to $153.06.
F6 The sales were executed in multiple trades at prices ranging from $153.07 to $153.98.
F7 The sales were executed in multiple trades at prices ranging from $154.08 to $154.98.
F8 The sales were executed in multiple trades at prices ranging from $155.08 to $156.06.
F9 The sales were executed in multiple trades at prices ranging from $156.11 to $157.04.
F10 The sales were executed in multiple trades at prices ranging from $157.11 to $158.09.
F11 The sales were executed in multiple trades at prices ranging from $158.11 to $159.09.
F12 The sales were executed in multiple trades at prices ranging from $159.11 to $160.10.
F13 The sales were executed in multiple trades at prices ranging from $160.14 to $161.13.
F14 The sales were executed in multiple trades at prices ranging from $161.14 to $162.11.
F15 The sales were executed in multiple trades at prices ranging from $162.16 to $163.15.
F16 The sales were executed in multiple trades at prices ranging from $163.16 to $164.14.
F17 The sales were executed in multiple trades at prices ranging from $164.16 to $164.60.
F18 The stock option is fully vested and currently exercisable.