Reddit (NYSE: RDDT) trustee readies new share sale after 5 recent trades
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
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Key Figures
Shares to be sold: 18,000 shares of common stock
Aggregate market value (proposed sale): $2,754,000.00
Shares outstanding referenced: 146,103,200 shares
+5 more
8 metrics
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
Key Terms
Rule 144, 10b5-1, Exercise of Stock Options, Revocable Trust, +1 more
5 terms
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.