Reddit (RDDT) insider plans $6.0M Rule 144 stock sale and details 10b5-1 trades
Rhea-AI Filing Summary
Reddit (RDDT) insider plans additional share sale under Rule 144. A holder has filed a notice to sell 26,132 shares of Reddit common stock through Morgan Stanley Smith Barney LLC on or about 01/20/2026 on the NYSE, with an indicated aggregate market value of $6,036,753.32. The filing states that 137,824,835 Reddit common shares were outstanding.
The seller previously acquired these 26,132 shares on 03/29/2024 by exercising stock options for cash. The notice also lists recent Rule 10b5-1 trading activity over the past three months, including multiple sales for Jennifer Wong and related entities totaling tens of thousands of shares on several dates with multi‑million dollar gross proceeds.
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FAQ
What does the Form 144 filing for Reddit (RDDT) disclose?
The Form 144 discloses an intention to sell 26,132 shares of Reddit common stock on or about 01/20/2026 through Morgan Stanley Smith Barney LLC on the NYSE, with an indicated aggregate market value of $6,036,753.32.
How were the 26,132 Reddit (RDDT) shares being sold under Rule 144 acquired?
The 26,132 Reddit common shares were acquired on 03/29/2024 via previously exercised stock options from the issuer, with the purchase price paid in cash on that same date.
How many Reddit (RDDT) shares are reported as outstanding in this Form 144?
The notice states that 137,824,835 Reddit common shares were outstanding at the time referenced in the filing, providing context for the scale of the planned sale.
What recent Reddit (RDDT) share sales are listed for Jennifer Wong and related entities?
The Form 144 lists multiple Rule 10b5-1 sales of Reddit common stock in the past three months, including sales for Jennifer Wong, MORMA TRUST, and the Jennifer Wong and Eleonora Sharef Moreno Family Fund, with transaction sizes ranging from 8,467 to 63,427 shares and gross proceeds in the multi‑million dollar range.
Which broker is handling the planned Reddit (RDDT) Rule 144 sale?
The planned sale of 26,132 Reddit common shares is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.
What representation does the seller make in this Reddit (RDDT) Form 144 notice?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about Reddit's current or prospective operations that has not been publicly disclosed and, if relying on a Rule 10b5‑1 plan, that this representation is made as of the plan adoption or instruction date.