[144] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) has filed a Form 144 indicating that insider Christopher Brian Slowe and the Slowe Family Trust intend to sell up to 32,000 Class A common shares through Morgan Stanley Smith Barney on or about 23 June 2025. Based on the filing’s stated price, the planned sale is valued at approximately $4.45 million. Reddit reports 129.55 million shares outstanding, so the proposed sale represents roughly 0.025 % of shares outstanding.

The shares derive from two sources:

• 22,000 shares acquired the same day via stock-option exercise
• 10,000 shares acquired on 21 Mar 2024 as restricted stock units

The filing also discloses that during the prior three months the same insider entities executed five separate Rule 10b5-1 sales totaling 58,068 shares for aggregate gross proceeds of $6.2 million. All sales have been or will be conducted under a pre-arranged Rule 10b5-1 trading plan, as referenced in the signature section.

While the dollar amount is meaningful for the seller, the transaction is modest relative to Reddit’s float and therefore unlikely to materially affect the share price on its own. Nevertheless, continued insider selling so soon after Reddit’s 2024 public listing may draw investor attention.

Positive

• Use of Rule 10b5-1 plan demonstrates adherence to insider-trading safeguards and minimizes information-asymmetry risk.
• Transaction size is only 0.025 % of shares outstanding, limiting dilution or market-impact concerns.

Negative

• Continued insider selling—90k shares over four months—may create perception of reduced management confidence.
• $4.45 million liquidation adds to ~$6.2 million already raised, drawing modest negative sentiment despite small float impact.

Insights

Securities Analyst

TL;DR Routine 10b5-1 sale of 32k Reddit shares (~$4.5 M); small versus float, modestly negative sentiment due to ongoing insider selling.

This Form 144 signals another planned liquidation by co-founder/CTO Christopher Brian Slowe. The transaction equates to just 0.025 % of outstanding shares, far below thresholds that typically pressure liquidity for a NYSE-listed name. Use of a Rule 10b5-1 plan and full disclosure mitigate governance concerns. However, when combined with the previously reported 58k-share disposals in the prior quarter, cumulative insider off-loading reaches roughly 90k shares (~$10.6 M). While not alarming in scale, the pattern may fuel perceptions that management is monetizing post-IPO gains rather than accumulating. For valuation models, the share count impact is immaterial; sentiment impact leans slightly negative.

Corporate Governance Expert

TL;DR Filing is disclosure-compliant; ongoing insider selling may raise optics issues but remains within regulatory norms.

From a governance standpoint, the filer follows best practice: advance notice via Form 144, sales through a large broker, and reliance on a Rule 10b5-1 plan. The modest position size relative to Reddit’s float suggests no control-sale implication. Investors should note that the executive attests to possessing no undisclosed material information, limiting information-asymmetry risk. The repeated sales cycle—five past transactions plus this upcoming block—could, however, influence perception of leadership commitment. Overall, the filing is procedurally sound and poses no regulatory red flags.

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	32000	4452800.00	129546488	06/23/2025	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	06/23/2025	Exercise of Stock Options	Issuer			22000	06/23/2025	Cash
Common	03/21/2024	Restricted Stock Units	Issuer			10000	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 CHRISTOPHER BRIAN SLOWE 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	05/22/2025	26000	2559059.35
10b5-1 Sales for SLOWE FAMILY TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	04/24/2025	5068	563979.69
10b5-1 Sales for CHRISTOPHER BRIAN SLOWE 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	04/22/2025	11000	1097231.30
10b5-1 Sales for SLOWE FAMILY TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	03/24/2025	5000	620121.50
10b5-1 Sales for CHRISTOPHER BRIAN SLOWE 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	03/24/2025	11000	1364928.40

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

How many Reddit (RDDT) shares are insiders planning to sell under this Form 144?

32,000 Class A common shares.

What is the estimated dollar value of the planned Reddit share sale?

The filing lists an aggregate market value of $4.45 million.

Who is the insider selling Reddit shares according to the filing?

Sales are for Christopher Brian Slowe and the Slowe Family Trust.

When is the approximate sale date for the 32,000 Reddit shares?

The filing cites 23 June 2025 as the target date.

How many Reddit shares did the same insider sell in the past three months?

Five transactions totaled 58,068 shares, generating about $6.2 million in proceeds.

What percentage of Reddit’s outstanding shares does the planned sale represent?

Roughly 0.025 % of the reported 129.55 million shares outstanding.