Steve Ladd Huffman - 14 Mar 2025 Form 4 Insider Report for Reddit, Inc. (RDDT)

Signature
/s/ Julie Rogers, Attorney-in-Fact
Issuer symbol
RDDT
Transactions as of
14 Mar 2025
Net transactions value
-$15,844,168
Form type
4
Filing time
18 Mar 2025, 21:02:47 UTC
Previous filing
04 Mar 2025
Next filing
28 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDDT Class A Common Stock Gift $0 -597,515 -100% $0.000000 0 14 Mar 2025 Direct
transaction RDDT Class A Common Stock Gift $0 +597,515 $0.000000 597,515 14 Mar 2025 By The XYZ Revocable Trust
transaction RDDT Class A Common Stock Sale $86,835 -700 -0.12% $124.05 596,815 14 Mar 2025 By The XYZ Revocable Trust F2, F3
transaction RDDT Class A Common Stock Sale $163,111 -1,300 -0.22% $125.47 595,515 14 Mar 2025 By The XYZ Revocable Trust F2, F4
transaction RDDT Class A Common Stock Sale $247,016 -1,951 -0.33% $126.61 593,564 14 Mar 2025 By The XYZ Revocable Trust F2, F5
transaction RDDT Class A Common Stock Sale $849,460 -6,664 -1.1% $127.47 586,900 14 Mar 2025 By The XYZ Revocable Trust F2, F6
transaction RDDT Class A Common Stock Sale $267,777 -2,085 -0.36% $128.43 584,815 14 Mar 2025 By The XYZ Revocable Trust F2, F7
transaction RDDT Class A Common Stock Sale $103,600 -800 -0.14% $129.50 584,015 14 Mar 2025 By The XYZ Revocable Trust F2, F8
transaction RDDT Class A Common Stock Sale $65,145 -500 -0.09% $130.29 583,515 14 Mar 2025 By The XYZ Revocable Trust F2, F9
transaction RDDT Class A Common Stock Conversion of derivative security $0 +110,408 +19% $0.000000 693,923 14 Mar 2025 By The XYZ Revocable Trust
transaction RDDT Class A Common Stock Sale $656,085 -5,294 -0.76% $123.93 688,629 14 Mar 2025 By The XYZ Revocable Trust F2, F10
transaction RDDT Class A Common Stock Sale $565,172 -4,525 -0.66% $124.90 684,104 14 Mar 2025 By The XYZ Revocable Trust F2, F11
transaction RDDT Class A Common Stock Sale $1,247,571 -9,899 -1.4% $126.03 674,205 14 Mar 2025 By The XYZ Revocable Trust F2, F12
transaction RDDT Class A Common Stock Sale $4,518,914 -35,568 -5.3% $127.05 638,637 14 Mar 2025 By The XYZ Revocable Trust F2, F13
transaction RDDT Class A Common Stock Sale $4,687,015 -36,666 -5.7% $127.83 601,971 14 Mar 2025 By The XYZ Revocable Trust F2, F14
transaction RDDT Class A Common Stock Sale $1,442,201 -11,192 -1.9% $128.86 590,779 14 Mar 2025 By The XYZ Revocable Trust F2, F15
transaction RDDT Class A Common Stock Sale $822,070 -6,328 -1.1% $129.91 584,451 14 Mar 2025 By The XYZ Revocable Trust F2, F16
transaction RDDT Class A Common Stock Sale $122,195 -936 -0.16% $130.55 583,515 14 Mar 2025 By The XYZ Revocable Trust F2, 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 Class B Common Stock Gift $0 -1,261,563 -100% $0.000000 0 14 Mar 2025 Class A Common Stock 1,261,563 Direct F1
transaction RDDT Class B Common Stock Gift $0 +1,261,563 +60% $0.000000 3,372,340 14 Mar 2025 Class A Common Stock 1,261,563 By The XYZ Revocable Trust F1
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -110,408 -14% $0.000000 678,223 14 Mar 2025 Class B Common Stock 110,408 $1.93 By The XYZ Revocable Trust F18
transaction RDDT Class B Common Stock Options Exercise $0 +110,408 +3.3% $0.000000 3,482,748 14 Mar 2025 Class A Common Stock 110,408 By The XYZ Revocable Trust F1
transaction RDDT Class B Common Stock Conversion of derivative security $0 -110,408 -3.2% $0.000000 3,372,340 14 Mar 2025 Class A Common Stock 110,408 By The XYZ Revocable Trust F1
transaction RDDT Stock Option (Right to Buy) Gift $0 -1,495,255 -100% $0.000000 0 14 Mar 2025 Class A Common Stock 1,495,255 $25.29 Direct F19
transaction RDDT Stock Option (Right to Buy) Gift $0 +1,495,255 $0.000000 1,495,255 14 Mar 2025 Class A Common Stock 1,495,255 $25.29 By The XYZ Revocable Trust F19
transaction RDDT Stock Option (Right to Buy) Gift $0 -996,837 -100% $0.000000 0 14 Mar 2025 Class A Common Stock 996,837 $45.00 Direct F19
transaction RDDT Stock Option (Right to Buy) Gift $0 +996,837 $0.000000 996,837 14 Mar 2025 Class A Common Stock 996,837 $45.00 By The XYZ Revocable Trust F19
transaction RDDT Stock Option (Right to Buy) Gift $0 -996,837 -100% $0.000000 0 14 Mar 2025 Class A Common Stock 996,837 $60.00 Direct F19
transaction RDDT Stock Option (Right to Buy) Gift $0 +996,837 $0.000000 996,837 14 Mar 2025 Class A Common Stock 996,837 $60.00 By The XYZ Revocable Trust F19
transaction RDDT Stock Option (Right to Buy) Gift $0 -996,837 -100% $0.000000 0 14 Mar 2025 Class A Common Stock 996,837 $90.00 Direct F19
transaction RDDT Stock Option (Right to Buy) Gift $0 +996,837 $0.000000 996,837 14 Mar 2025 Class A Common Stock 996,837 $90.00 By The XYZ Revocable Trust F19
transaction RDDT Stock Option (Right to Buy) Gift $0 -1,491,302 -100% $0.000000 0 14 Mar 2025 Class B Common Stock 1,491,302 $25.29 Direct F19
transaction RDDT Stock Option (Right to Buy) Gift $0 +1,491,302 $0.000000 1,491,302 14 Mar 2025 Class B Common Stock 1,491,302 $25.29 By The XYZ Revocable Trust F19
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -86,749 -13% $0.000000 591,474 18 Mar 2025 Class B Common Stock 86,749 $1.93 By The XYZ Revocable Trust F18
transaction RDDT Class B Common Stock Options Exercise $0 +86,749 +2.6% $0.000000 3,459,089 18 Mar 2025 Class A Common Stock 86,749 By The XYZ Revocable Trust F1
* 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 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.
F2 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.
F3 The sales were executed in multiple trades at prices ranging from $123.92 to $124.31. 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 (17) to this Form 4.
F4 The sales were executed in multiple trades at prices ranging from $124.95 to $125.91.
F5 The sales were executed in multiple trades at prices ranging from $126.00 to $126.99.
F6 The sales were executed in multiple trades at prices ranging from $127.00 to $127.99.
F7 The sales were executed in multiple trades at prices ranging from $128.00 to $128.95.
F8 The sales were executed in multiple trades at prices ranging from $129.13 to $129.93.
F9 The sales were executed in multiple trades at prices ranging from $130.18 to $130.39.
F10 The sales were executed in multiple trades at prices ranging from $123.41 to $124.40.
F11 The sales were executed in multiple trades at prices ranging from $124.43 to $125.42.
F12 The sales were executed in multiple trades at prices ranging from $125.46 to $126.45.
F13 The sales were executed in multiple trades at prices ranging from $126.46 to $127.45.
F14 The sales were executed in multiple trades at prices ranging from $127.46 to $128.45.
F15 The sales were executed in multiple trades at prices ranging from $128.46 to $129.45.
F16 The sales were executed in multiple trades at prices ranging from $129.46 to $130.43.
F17 The sales were executed in multiple trades at prices ranging from $130.47 to $130.72.
F18 The stock option is fully vested and currently exercisable.
F19 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.