[144] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Reddit, Inc. (ticker: RDDT) has filed a Form 144 disclosing the planned sale of 3,500 common shares by insider Michelle Reynolds. The shares, acquired via restricted stock units on 03/21/2024, are slated to be sold through Morgan Stanley Smith Barney LLC on or about 06/25/2025. Based on the filing’s stated aggregate market value of $492,765, the transaction represents roughly 0.003 % of Reddit’s total shares outstanding (129,546,488).

The filing also lists prior Rule 10b5-1 sales by the same insider during the last three months:

• 06/16/2025: 909 shares for $113,625
• 05/22/2025: 2,729 shares for $269,753.77

These earlier disposals total 3,638 shares and $383,378.77 in gross proceeds. Form 144 requires the seller to attest that no undisclosed material adverse information exists and to identify whether the transaction is governed by a pre-arranged Rule 10b5-1 plan. The filing indicates the sale will occur on the NYSE; no date of plan adoption is provided.

While the dollar amount (~$0.5 million) may draw attention, the size of the proposed sale is immaterial relative to Reddit’s float and does not, by itself, signal a change in the company’s fundamentals. Investors typically monitor Form 144s to gauge insider sentiment and potential share-supply overhang, but this notice appears to be a routine, plan-based disposition.

Positive

• None.

Negative

• Insider intends to sell 3,500 shares valued at $492,765 and has already sold 3,638 shares in the past three months, which some investors may interpret as a modest negative signal despite representing only 0.003 % of shares outstanding.

Insights

Securities Analyst

TL;DR: Small, routine insider sale; negligible float impact, neutral signal.

The Form 144 covers 3,500 shares worth roughly $493k—only 0.003 % of shares outstanding—so liquidity impact is trivial. Past three-month sales total a similar magnitude, suggesting a staged disposition rather than sudden divestment. Because the shares stem from RSUs, the insider may simply be monetizing compensation. No earnings, guidance, or operational data accompany the filing, so the event is informational only. I view it as neutral for valuation and stock trajectory.

Corporate Governance Expert

TL;DR: Consistent 10b5-1 activity; governance compliance appears intact.

The notice affirms the seller’s lack of undisclosed adverse information and references Rule 10b5-1, signaling adherence to best-practice trading protocols. The staggered sales indicate a pre-planned strategy that aligns with insider-trading safeguards. No red flags—such as clustered insider exits or unusually large blocks—emerge. Therefore, corporate-governance risk from this filing is low; the event is procedurally routine.

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	492765.00	129546488	06/25/2025	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	06/16/2025	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

How many Reddit (RDDT) shares are being sold under this Form 144?

The filing covers 3,500 common shares.

What is the estimated market value of the shares to be sold?

Approximately $492,765 according to the filing.

When is the planned sale date for the Reddit insider transaction?

The approximate sale date is 06/25/2025.

How many shares of Reddit are currently outstanding?

The filing lists 129,546,488 shares outstanding.

Were there recent insider sales prior to this notice?

Yes. 909 shares were sold on 06/16/2025 and 2,729 shares on 05/22/2025, totaling 3,638 shares.

Which broker will execute the sale?

The shares will be sold through Morgan Stanley Smith Barney LLC.