AI assistant
Reddit, Inc. — Director's Dealing 2024
Mar 27, 2024
30043_dirs_2024-03-27_b6a6f917-e43b-42f0-a2f5-1aac13de31ab.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Reddit, Inc. (RDDT)
CIK: 0001713445
Period of Report: 2024-03-25
Reporting Person: Advance Magazine Publishers Inc. (Director, 10% Owner)
Reporting Person: ADVANCE PUBLICATIONS, INC (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-25 | Class A common stock, par value $0.0001 per share | C | 16182 | — | Acquired | 16182 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-25 | Series A preferred stock | $ | C | 7500000 | Disposed | Class B common stock (7500000) | Direct | |
| 2024-03-25 | Series E preferred stock | $ | C | 588592 | Disposed | Class B common stock (588592) | Direct | |
| 2024-03-25 | Series F-1 preferred stock | $ | C | 16182 | Disposed | Class A common stock (16182) | Direct | |
| 2024-03-25 | Class B Common Stock | $ | C | 8088592 | Acquired | Class A common stock (8088592) | Direct |
Footnotes
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: 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.