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Reddit, Inc. — Director's Dealing 2024
Sep 19, 2024
30043_dirs_2024-09-18_94fb460f-7268-4120-a8f5-80e1911a65ee.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Reddit, Inc. (RDDT)
CIK: 0001713445
Period of Report: 2024-09-16
Reporting Person: Huffman Steve Ladd (Director, CEO & President, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-09-16 | Class A Common Stock | C | 7423 | — | Acquired | 665775 | Direct |
| 2024-09-16 | Class A Common Stock | S | 1500 | $58.10 | Disposed | 664275 | Direct |
| 2024-09-16 | Class A Common Stock | S | 8000 | $59.04 | Disposed | 656275 | Direct |
| 2024-09-16 | Class A Common Stock | S | 4500 | $59.82 | Disposed | 651775 | Direct |
| 2024-09-16 | Class A Common Stock | C | 110408 | — | Acquired | 110408 | Indirect |
| 2024-09-16 | Class A Common Stock | S | 7600 | $57.93 | Disposed | 102808 | Indirect |
| 2024-09-16 | Class A Common Stock | S | 62329 | $58.96 | Disposed | 40479 | Indirect |
| 2024-09-16 | Class A Common Stock | S | 40479 | $59.75 | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-09-16 | Class B Common Stock | $ | C | 7423 | Disposed | Class A Common Stock (7423) | Direct | |
| 2024-09-16 | Stock Option (Right to Buy) | $1.93 | M | 110408 | Disposed | 2031-12-23 | Class B Common Stock (110408) | Indirect |
| 2024-09-16 | Class B Common Stock | $ | M | 110408 | Acquired | Class A Common Stock (110408) | Indirect | |
| 2024-09-16 | Class B Common Stock | $ | C | 110408 | Disposed | Class A Common Stock (110408) | Indirect | |
| 2024-09-18 | Stock Option (Right to Buy) | $1.93 | M | 86749 | Disposed | 2031-12-23 | Class B Common Stock (86749) | Indirect |
| 2024-09-18 | Class B Common Stock | $ | M | 86749 | Acquired | Class A Common Stock (86749) | Indirect |
Footnotes
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 $57.46 to $58.45. 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 (7) to this Form 4.
F3: The sales were executed in multiple trades at prices ranging from $58.46 to $59.45.
F4: The sales were executed in multiple trades at prices ranging from $59.51 to $60.02.
F5: The sales were executed in multiple trades at prices ranging from $57.32 to $58.31.
F6: The sales were executed in multiple trades at prices ranging from $58.32 to $59.31.
F7: The sales were executed in multiple trades at prices ranging from $59.32 to $60.04.
F8: 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.
F9: 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.