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Reddit, Inc. Director's Dealing 2024

Aug 23, 2024

30043_dirs_2024-08-22_744f28af-6c65-43d2-aaca-10d30c3bedc5.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: 2024-08-20

Reporting Person: Huffman Steve Ladd (Director, CEO & President, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2024-08-20 Class A Common Stock C 356066 Acquired 1045223 Direct
2024-08-20 Class A Common Stock F 356066 $54.36 Disposed 689157 Direct
2024-08-20 Class A Common Stock C 20093 Acquired 709250 Direct
2024-08-20 Class A Common Stock F 20093 $54.36 Disposed 689157 Direct
2024-08-20 Class A Common Stock C 17288 Acquired 706445 Direct
2024-08-20 Class A Common Stock F 20093 $54.36 Disposed 686352 Direct
2024-08-20 Class A Common Stock S 5000 $53.02 Disposed 681352 Direct
2024-08-20 Class A Common Stock S 4292 $54.13 Disposed 677060 Direct
2024-08-20 Class A Common Stock S 4708 $54.87 Disposed 672352 Direct
2024-08-20 Class A Common Stock C 110408 Acquired 110408 Indirect
2024-08-20 Class A Common Stock S 33026 $52.95 Disposed 77382 Indirect
2024-08-20 Class A Common Stock S 31466 $53.91 Disposed 45916 Indirect
2024-08-20 Class A Common Stock S 45916 $54.80 Disposed 0 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2024-08-20 Class B Common Stock $ C 356066 Disposed Class A Common Stock (356066) Direct
2024-08-20 Class B Common Stock $ C 20093 Disposed Class A Common Stock (20093) Direct
2024-08-20 Class B Common Stock $ C 17288 Disposed Class A Common Stock (17288) Direct
2024-08-20 Stock Option (Right to Buy) $1.93 M 110408 Disposed 2031-12-23 Class B Common Stock (110408) Indirect
2024-08-20 Class B Common Stock $ M 110408 Acquired Class A Common Stock (110408) Indirect
2024-08-20 Class B Common Stock $ C 110408 Disposed Class A Common Stock (110408) Indirect
2024-08-21 Stock Option (Right to Buy) $1.93 M 86749 Disposed 2031-12-23 Class B Common Stock (86749) Indirect
2024-08-21 Class B Common Stock $ M 86749 Acquired Class A Common Stock (86749) Indirect

Footnotes

F1: These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.

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 $52.52 to $53.51. 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 (8) to this Form 4.

F4: The sales were executed in multiple trades at prices ranging from $53.54 to $54.52.

F5: The sales were executed in multiple trades at prices ranging from $54.54 to $55.05.

F6: The sales were executed in multiple trades at prices ranging from $52.43 to $53.42.

F7: The sales were executed in multiple trades at prices ranging from $53.43 to $54.42.

F8: The sales were executed in multiple trades at prices ranging from $54.43 to $55.05.

F9: 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.

F10: The Reporting Person's previous Forms 4 filed on April 11, 2024 and May 28, 2024, overstated the number of shares of Class B Common Stock held directly by the Reporting Person. The number of shares of Class B Common Stock held directly by the Reporting Person has been corrected herein.

F11: The stock option is fully vested and currently exercisable.