Steve Ladd Huffman - 15 Apr 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
15 Apr 2025
Net transactions value
-$12,024,331
Form type
4
Filing time
17 Apr 2025, 20:05:45 UTC
Previous filing
02 Apr 2025
Next filing
08 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 Conversion of derivative security $0 +14,000 +2.4% $0.000000 591,013 15 Apr 2025 By The XYZ Revocable Trust
transaction RDDT Class A Common Stock Sale $295,585 -3,100 -0.52% $95.35 587,913 15 Apr 2025 By The XYZ Revocable Trust F1, F2
transaction RDDT Class A Common Stock Sale $537,805 -5,587 -0.95% $96.26 582,326 15 Apr 2025 By The XYZ Revocable Trust F1, F3
transaction RDDT Class A Common Stock Sale $254,271 -2,613 -0.45% $97.31 579,713 15 Apr 2025 By The XYZ Revocable Trust F1, F4
transaction RDDT Class A Common Stock Sale $235,560 -2,400 -0.41% $98.15 577,313 15 Apr 2025 By The XYZ Revocable Trust F1, F5
transaction RDDT Class A Common Stock Sale $29,799 -300 -0.05% $99.33 577,013 15 Apr 2025 By The XYZ Revocable Trust F1, F6
transaction RDDT Class A Common Stock Conversion of derivative security $0 +110,408 +19% $0.000000 687,421 15 Apr 2025 By The XYZ Revocable Trust
transaction RDDT Class A Common Stock Sale $1,665,446 -17,485 -2.5% $95.25 669,936 15 Apr 2025 By The XYZ Revocable Trust F1, F7
transaction RDDT Class A Common Stock Sale $4,918,417 -51,127 -7.6% $96.20 618,809 15 Apr 2025 By The XYZ Revocable Trust F1, F8
transaction RDDT Class A Common Stock Sale $1,693,110 -17,426 -2.8% $97.16 601,383 15 Apr 2025 By The XYZ Revocable Trust F1, F9
transaction RDDT Class A Common Stock Sale $1,762,938 -17,991 -3% $97.99 583,392 15 Apr 2025 By The XYZ Revocable Trust F1, F10
transaction RDDT Class A Common Stock Sale $611,474 -6,179 -1.1% $98.96 577,213 15 Apr 2025 By The XYZ Revocable Trust F1, F11
transaction RDDT Class A Common Stock Sale $19,926 -200 -0.03% $99.63 577,013 15 Apr 2025 By The XYZ Revocable Trust 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 -14,000 -0.41% $0.000000 3,441,545 15 Apr 2025 Class A Common Stock 14,000 By The XYZ Revocable Trust F12
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -110,408 -19% $0.000000 481,066 15 Apr 2025 Class B Common Stock 110,408 $1.93 By The XYZ Revocable Trust F13
transaction RDDT Class B Common Stock Options Exercise $0 +110,408 +3.2% $0.000000 3,551,953 15 Apr 2025 Class A Common Stock 110,408 By The XYZ Revocable Trust F12
transaction RDDT Class B Common Stock Conversion of derivative security $0 -110,408 -3.1% $0.000000 3,441,545 15 Apr 2025 Class A Common Stock 110,408 By The XYZ Revocable Trust F12
transaction RDDT Stock Option (Right to Buy) Options Exercise $0 -86,749 -18% $0.000000 394,317 16 Apr 2025 Class B Common Stock 86,749 $1.93 By The XYZ Revocable Trust F13
transaction RDDT Class B Common Stock Options Exercise $0 +86,749 +2.5% $0.000000 3,528,294 16 Apr 2025 Class A Common Stock 86,749 By The XYZ Revocable Trust F12
* 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 $94.70 to $95.69. 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 (11) to this Form 4.
F3 The sales were executed in multiple trades at prices ranging from $95.71 to $96.63.
F4 The sales were executed in multiple trades at prices ranging from $96.75 to $97.71.
F5 The sales were executed in multiple trades at prices ranging from $97.77 to $98.76.
F6 The sales were executed in multiple trades at prices ranging from $98.94 to $99.56.
F7 The sales were executed in multiple trades at prices ranging from $94.58 to $95.57.
F8 The sales were executed in multiple trades at prices ranging from $95.58 to $96.55.
F9 The sales were executed in multiple trades at prices ranging from $96.58 to $97.57.
F10 The sales were executed in multiple trades at prices ranging from $97.58 to $98.57.
F11 The sales were executed in multiple trades at prices ranging from $98.58 to $99.57.
F12 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.
F13 The stock option is fully vested and currently exercisable.