[144] Reddit, Inc. SEC Filing
Rhea-AI Filing Summary
Reddit, Inc. (RDDT) filed a Form 144 notifying a proposed sale of 30,806 common shares through Morgan Stanley Smith Barney on 08/25/2025 with an aggregate market value of $6,694,451.86. The filing shows total shares outstanding of 134,585,853. The shares to be sold were acquired as Restricted Stock Units on 08/20/2025 and payment/consideration is listed as not applicable. The filing also discloses recent 10b5-1 sales in the prior three months totaling 140,013 shares on dates 06/16, 07/16, 08/18 and 08/22/2025 with reported gross proceeds noted for each sale.
Positive
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Negative
- None.
Insights
TL;DR: Routine insider sale notification; notable in size but presented under standard Rule 144 and 10b5-1 processes.
The Form 144 documents a proposed disposition of 30,806 shares valued at $6.69 million and records multiple recent 10b5-1 sales totaling 140,013 shares. From a securities-analyst perspective, this is a compliance-oriented disclosure showing issuance (RSUs) and subsequent planned liquidation. The filing provides concrete numbers for shares outstanding and proceeds, enabling straightforward calculation of dilution and sale magnitude relative to outstanding shares; no additional financial metrics or forward guidance are provided in the filing.
TL;DR: Disclosure aligns with Rule 144 and 10b5-1 requirements; representation attests no undisclosed material adverse information.
The notice includes the statutory representation that the seller is unaware of material nonpublic information and cites Rule 10b5-1 trading-plan sales in the prior three months. Key compliance details are present: broker name, dates, acquisition type (RSUs), and an explicit statement regarding plan adoption/date fields. The filing does not include dates for plan adoption or a signed attestation within the text provided, so the record here is limited to the tabulated sale and acquisition details.