STOCK TITAN

Reddit (NYSE: RDDT) trustee readies new share sale after 5 recent trades

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Reddit, Inc. (symbol RDDT) has a notice of proposed sale of common stock filed under Rule 144 on behalf of THE XYZ REVOCABLE TRUST, for which Steven Huffman signs as trustee. The trust plans to sell 18,000 shares of Reddit common stock, to be acquired via exercise of stock options for cash, with a proposed sale date of August 31, 2026. Morgan Stanley Smith Barney LLC Executive Financial Services is listed as the broker. The notice also lists several prior 10b5-1 sales of Reddit common stock by the same trust over the preceding three months.

Positive

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Negative

  • None.
Shares to be sold 18,000 shares of common stock Proposed Rule 144 sale by THE XYZ REVOCABLE TRUST on August 31, 2026
Aggregate market value (proposed sale) $2,754,000.00 Listed in the securities information section for the 18,000 shares
Shares outstanding referenced 146,103,200 shares Common stock figure shown in the securities information section
10b5-1 sale amount (08/14/2026) $3,206,907.00 Sale of 18,000 Reddit common shares by THE XYZ REVOCABLE TRUST
10b5-1 sale amount (08/04/2026) $2,876,049.00 Sale of 18,000 Reddit common shares by THE XYZ REVOCABLE TRUST
10b5-1 sale amount (07/15/2026) $3,561,472.80 Sale of 18,000 Reddit common shares by THE XYZ REVOCABLE TRUST
10b5-1 sale amount (06/30/2026) $3,116,408.40 Sale of 18,000 Reddit common shares by THE XYZ REVOCABLE TRUST
10b5-1 sale amount (06/15/2026) $3,208,604.40 Sale of 18,000 Reddit common shares by THE XYZ REVOCABLE TRUST
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
10b5-1 regulatory
"10b5-1 Sales for THE XYZ REVOCABLE TRUST 303 2nd Street, South Tower, 5th"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
Exercise of Stock Options financial
"Common | 08/31/2026 | Exercise of Stock Options | Issuer |"
Revocable Trust financial
"Name of Person for Whose Account the Securities are To Be Sold | THE XYZ REVOCABLE TRUST"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Aggregate market value financial
"| 18000 | 2754000.00 | 146103200 | 08/31/2026 | NYSE"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What does the Form 144 filed for RDDT disclose?

It discloses that THE XYZ REVOCABLE TRUST intends to sell 18,000 shares of Reddit, Inc. common stock under Rule 144, with shares to be obtained through an exercise of stock options for cash and a proposed sale date of August 31, 2026.

How many Reddit (RDDT) shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 18,000 shares of Reddit, Inc. common stock, to be sold after acquisition through an exercise of stock options for cash with a proposed sale date of August 31, 2026.

Who is the beneficial owner for the Reddit (RDDT) shares in this Form 144?

The securities are to be sold for the account of THE XYZ REVOCABLE TRUST. The form is signed by Steven Huffman, Trustee, indicating he signs in his capacity as trustee for the trust.

Which broker is listed for the planned Reddit (RDDT) share sale?

The planned sale of Reddit, Inc. common stock lists Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, as the broker handling the 18,000-share proposed sale.

What recent 10b5-1 sales of Reddit (RDDT) shares does the filing list?

The filing lists five 10b5-1 sales of Reddit common stock by THE XYZ REVOCABLE TRUST over the past three months, each for 18,000 shares, with transaction dates of June 15, June 30, July 15, August 4, and August 14, 2026 and corresponding dollar amounts for each sale.

How many Reddit (RDDT) shares are outstanding as referenced in the Form 144?

The Form 144 references 146,103,200 Reddit, Inc. common shares, presented in the securities information section alongside the proposed 18,000-share sale and other Rule 144 data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature