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Reddit, Inc. — Director's Dealing 2024
May 29, 2024
30043_dirs_2024-05-28_108752e9-1d0d-4bb2-9d12-24fccee657f4.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: 2024-05-23
Reporting Person: Huffman Steve Ladd (Director, CEO & President, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-23 | Class A Common Stock | S | 21149 | $58.9433 | Disposed | 689157 | Direct |
| 2024-05-23 | Class A Common Stock | C | 21150 | — | Acquired | 710307 | Direct |
| 2024-05-23 | Class A Common Stock | S | 21150 | $58.9433 | Disposed | 689157 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-23 | Class B Common Stock | $ | C | 21150 | Disposed | Class A Common Stock (21150) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (1510784) | 1510784 | Indirect |
Footnotes
F1: Pursuant to an automatic sell-to-cover imposed by the terms of the initial grant of the restricted stock unit awards ("RSUs"), the shares were sold upon the vesting of the RSUs solely to cover applicable withholding taxes. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock.
F2: The price reported in Column 4 is a weighted average price calculated by the broker executing the sell-to-cover transactions. These shares were sold as part of a block trade in multiple transactions, and the Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate sales price.
F3: 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.