[144] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Reddit, Inc. (RDDT) shows a proposed sale of 61,400 common shares through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $16,239,072.00. The filing reports the shares were acquired on 09/22/2025 by exercise of stock options (30,659 shares) and on 02/20/2025 as restricted stock units (30,741 shares). The filer discloses multiple recent 10b5-1 sales over July–August 2025 totaling 137,586 shares with gross proceeds reported for each sale. The notice includes the standard signature representation that the seller is not aware of undisclosed material adverse information.

Positive

• Transparent disclosure of the number of shares, acquisition dates, purchase types (options and RSUs), and aggregate market value
• Use of broker and 10b5-1 sales are documented, showing adherence to routine trading-plan mechanisms

Negative

• Insider sales are occurring (61,400 planned sale plus 137,586 completed in prior months), which some investors may view unfavorably despite small ownership impact

Insights

Securities Analyst

TL;DR: Insider-derived shares are being sold via broker; recent 10b5-1 transactions continued in prior months.

The filing documents a planned sale of 61,400 common shares valued at $16.24 million, split between shares from option exercise and RSU vesting on specified dates. The filing also lists four 10b5-1 plan sales from July and August 2025 totaling 137,586 shares, with gross proceeds disclosed per trade. Relative to the reported 134,585,853 shares outstanding, the proposed sale represents a de minimis ownership percentage, so the direct market-impact and dilution implications are limited based on the data provided.

Corporate Governance Expert

TL;DR: Disclosure appears routine and consistent with Rule 144 and 10b5-1 timing rules.

The notice provides required issuer, acquisition, and payment details for the securities to be sold and explicitly identifies reliance on 10b5-1 sales in prior months. The filing includes the legal attestation regarding material non-public information. No information in the filing indicates changes to governance, officer departures, or other corporate actions; the disclosure is procedural and conforms to expected insider sale reporting.

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	61400	16239072.00	134585853	09/22/2025	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	09/22/2025	Exercise of Stock Options	Issuer			30659	09/22/2025	Cash
Common	02/20/2025	Restricted Stock Units	Issuer			30741	02/20/2025	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 JENNIFER WONG 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	08/25/2025	30806	6732709.83
10b5-1 Sales for MORMA TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	08/22/2025	40967	9028128.56
10b5-1 Sales for JENNIFER WONG 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	08/18/2025	32379	7837385.52
10b5-1 Sales for JENNIFER WONG 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	07/16/2025	33334	4735208.04

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 does Reddit (RDDT) Form 144 report?

The filing reports a proposed sale of 61,400 common shares valued at $16,239,072.00, acquired via option exercise and RSU vesting on specified dates.

Who is the broker handling the RDDT sale?

The broker listed is Morgan Stanley Smith Barney LLC located at 1 New York Plaza, 8th Floor, New York, NY.

Were there recent insider sales for RDDT?

Yes. The filing lists four 10b5-1 sales in July–August 2025 totaling 137,586 shares with disclosed gross proceeds per trade.

How many shares outstanding does Reddit report in the filing?

The filing reports 134,585,853 shares outstanding.

Do the transactions include restricted stock or option exercises?

Yes. The 61,400 shares consist of 30,659 from option exercise on 09/22/2025 and 30,741 from restricted stock units on 02/20/2025.