| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RDDT | Class A common stock, par value $0.0001 per share | +Conversion of derivative security | +16,182 | 16,182 | Mar 25, 2024 | Indirect interest in a corporation | F1, F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RDDT | Series A preferred stock | -Conversion of derivative security | -7,500,000 | -100% | 0 | Mar 25, 2024 | Class B common stock | 7,500,000 | Indirect interest in a corporation | F1, F2, F3 | |||
| transaction | RDDT | Series E preferred stock | -Conversion of derivative security | -588,592 | -100% | 0 | Mar 25, 2024 | Class B common stock | 588,592 | Indirect interest in a corporation | F1, F2, F3 | |||
| transaction | RDDT | Series F-1 preferred stock | -Conversion of derivative security | -16,182 | -100% | 0 | Mar 25, 2024 | Class A common stock | 16,182 | Indirect interest in a corporation | F1, F2, F3 | |||
| transaction | RDDT | Class B Common Stock | +Conversion of derivative security | +8,088,592 | +23.72% | 42,191,092 | Mar 25, 2024 | Class A common stock | 8,088,592 | Indirect interest in a corporation | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | Each share of preferred stock, other than any share of Series F-1 preferred stock, converted on a one-for-one basis into Class B common stock in accordance with Reddit, Inc.'s (the "Company") amended and restated certificate incorporation immediately upon the completion of the initial public offering of the Company. Each share of Series F-1 preferred stock converted on a one-for-one basis into Class A common stock in accordance with the Company's amended and restated certificate incorporation immediately upon the completion of the initial public offering of the Company. |
| F2 | Advance Magazine Publishers Inc., a New York corporation ("AMPI"), owns the securities of the Company set forth on this report. Mr. Newhouse, by virtue of his affiliations with Advance Publications, Inc. a New York corporation ("API"), and certain holders of equity in API, may be deemed to beneficially own the securities of the Company owned directly by AMPI. API is the indirect parent company of AMPI. |
| F3 | Mr. Newhouse disclaims beneficial ownership of the securities owned by AMPI, and this report shall not be deemed an admission that Mr. Newhouse is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. |
| F4 | The Class B common stock is convertible into an equal number of shares of Class A common stock at any time, at the holder's election. Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers set forth in the amended and restated certificate of incorporation of the Company, or upon the first date the aggregate number of then-outstanding shares of Class B common stock ceases to represent at least 7.5% of the aggregate number of then-outstanding shares of the Company's Class A and Class B common stock. |