[144] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Reddit insider sale notice: The Form 144 shows a proposed sale of 3,500 common shares through Morgan Stanley, listed on the NYSE, with an aggregate market value of $706,160.00 and 134,585,853 shares outstanding for the issuer. The shares to be sold were acquired as restricted stock units on 03/21/2024. The filing also reports prior Rule 10b5-1 sales by the same person in the past three months: 2,729 shares on 05/22/2025 for $269,753.77, 909 shares on 06/16/2025 for $113,625.00, and 3,500 shares on 06/25/2025 for $527,240.00. These entries describe pre-arranged, reported insider sales and the sizes involved, which represent a small fraction of the company’s outstanding equity.

Positive

• Transactions are reported as pre-arranged 10b5-1 sales, indicating compliance with established insider trading plans
• The proposed sale (3,500 shares) is small relative to the issuer’s 134,585,853 outstanding shares, suggesting limited market impact

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sales under a 10b5-1 arrangement; amounts are small relative to outstanding shares.

The Form 144 documents a proposed sale of 3,500 common shares via Morgan Stanley with an aggregate market value of $706,160.00 and notes prior 10b5-1 sales totaling 7,138 shares in May–June 2025. The securities were acquired as restricted stock units on 03/21/2024. As reported, the transaction size versus the issuer’s 134,585,853 outstanding shares is immaterial from a dilution perspective. The filing is procedural, disclosing planned sales and confirming the use of pre-arranged trading mechanisms.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 and 10b5-1 practices; documentation supports pre-arranged compliance and transparency.

The notice indicates sales executed or planned under Rule 10b5-1 and reported via Form 144, including acquisition details showing the shares originated as RSUs on 03/21/2024. Listing the broker, exchange (NYSE), and prior 10b5-1 sale dates and proceeds provides clear traceability. From a governance perspective, these disclosures meet standard insider reporting requirements and provide investors with factual transaction history without revealing nonpublic operational information.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	3500	706160.00	134585853	08/05/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/21/2024	Restricted Stock Units	Issuer			3500	03/21/2024	N/A

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for MICHELLE REYNOLDS 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	06/25/2025	3500	527240.00
10b5-1 Sales for MICHELLE REYNOLDS 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	06/16/2025	909	113625.00
10b5-1 Sales for MICHELLE REYNOLDS 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	05/22/2025	2729	269753.77

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did Reddit insider file in the Form 144 (RDDT)?

The Form 144 reports a proposed sale of 3,500 common shares through Morgan Stanley with an aggregate market value of $706,160.00 and notes prior 10b5-1 sales in May–June 2025.

When were the shares to be sold originally acquired?

The shares were acquired as restricted stock units on 03/21/2024, according to the filing.

What prior insider sales are disclosed for the same person?

The filing lists three prior 10b5-1 sales: 2,729 shares on 05/22/2025 for $269,753.77; 909 shares on 06/16/2025 for $113,625.00; and 3,500 shares on 06/25/2025 for $527,240.00.

Which broker and exchange are handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC and the securities are listed for sale on the NYSE.

How material is the proposed sale relative to outstanding shares?

The proposed sale of 3,500 shares represents a very small fraction of the issuer’s 134,585,853 shares outstanding, indicating limited dilution or market impact based on the filing.