Jennifer L. Wong - Aug 20, 2024 Form 4 Insider Report for Reddit, Inc. (RDDT)

Role
Chief Operating Officer
Signature
/s/ Julie Rogers, Attorney-in-Fact
Stock symbol
RDDT
Transactions as of
Aug 20, 2024
Transactions value $
-$3,874,608
Form type
4
Date filed
8/22/2024, 08:40 PM
Previous filing
Jun 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDDT Class A Common Stock Tax liability -$2.07M -38.2K -2.41% $54.36 1.54M Aug 20, 2024 Direct F1, F2
transaction RDDT Class A Common Stock Options Exercise $0 +33.3K +2.16% $0.00 1.58M Aug 20, 2024 Direct
transaction RDDT Class A Common Stock Sale -$574K -10.8K -0.69% $52.98 1.56M Aug 20, 2024 Direct F3, F4
transaction RDDT Class A Common Stock Sale -$504K -9.33K -0.6% $53.99 1.56M Aug 20, 2024 Direct F3, F5
transaction RDDT Class A Common Stock Sale -$722K -13.2K -0.85% $54.82 1.54M Aug 20, 2024 Direct F3, F6
holding RDDT Class A Common Stock 161K Aug 20, 2024 By MorMa Trust dated June 22, 2021

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 -33.3K -4.24% $0.00 753K Aug 20, 2024 Class A Common Stock 33.3K $5.35 Direct F7, F8
* 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 These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.
F2 The number of shares of Class A Common Stock reflects the cancellation for no consideration of 20,000 performance-based restricted stock units on April 9, 2024 and has been corrected herein.
F3 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.
F4 The sales were executed in multiple trades at prices ranging from $52.45 to $53.44. 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 (4) to (6) to this Form 4.
F5 The sales were executed in multiple trades at prices ranging from $53.46 to $54.45.
F6 The sales were executed in multiple trades at prices ranging from $54.46 to $55.05.
F7 The stock option is fully vested and currently exercisable.
F8 The Reporting Person's previous Form 4 filed on March 22, 2024 , understated the number of shares of Class A Common Stock subject to the stock option held directly by the Reporting Person. The number of shares of Class A Common Stock subject to the stock option held directly by the Reporting Person has been corrected herein.