[144] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) filed a Form 144 notifying a proposed sale of 57,901 common shares through Morgan Stanley Smith Barney on the NYSE, scheduled for 09/22/2025, with an aggregate market value of $15,313,656.48 against total shares outstanding of 134,585,853. The filing shows the shares were acquired in two tranches: 25,401 from previously exercised stock options on 03/29/2024 (paid in cash) and 32,500 as restricted stock units on 05/07/2024. The filer also disclosed several 10b5-1 sales over the past three months, including sales of 30,806 on 08/25/2025 for $6,732,709.83 and 40,967 on 08/22/2025 for $9,028,128.56, plus two earlier sales in August and July 2025.

Positive

• Complete disclosure of broker, sale date, and aggregate market value
• Acquisition details provided for each lot (option exercise and RSU vesting)
• Recent 10b5-1 sales are itemized with share counts and gross proceeds
• Filer includes standard attestation regarding material nonpublic information

Negative

• Multiple sizable insider sales in July-August 2025 are disclosed, totaling tens of thousands of shares
• Proposed sale value of $15.3M represents a material single transaction amount disclosed in the filing

Insights

Securities Analyst

TL;DR: Insider is executing planned sales totaling meaningful dollar value; acquisition dates show recent option exercise and RSU vesting.

The Form 144 documents a proposed sale of 57,901 common shares with an aggregate market value of $15.3M, scheduled for 09/22/2025, and lists recent acquisitions from option exercise (03/29/2024) and RSU vesting (05/07/2024). Multiple 10b5-1 sales in July and August 2025 are disclosed with explicit share counts and gross proceeds, indicating pre-arranged trading plans or systematic disposals. For investors, the filing is a straightforward disclosure of executive share monetization rather than operational information about the issuer.

Corporate Compliance/Risk Analyst

TL;DR: Disclosure appears procedurally complete; 10b5-1 sales are documented, and the filer certifies no undisclosed material adverse information.

The filing names the broker, sale date, and acquisition details, and includes the standard attestation regarding material nonpublic information and Rule 10b5-1 plan adoption language. Acquisition and payment information is provided for the securities to be sold, and recent executed 10b5-1 sales are itemized with gross proceeds. There are no statements in the filing indicating undisclosed material events or irregularities in the sale mechanics.

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	57901	15313656.48	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	03/29/2024	Previously Exercised Stock Options	Issuer			25401	03/29/2024	Cash
Common	05/07/2024	Restricted Stock Units	Issuer			32500	05/07/2024	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 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's (RDDT) Form 144 disclose about the proposed sale?

The Form 144 discloses a proposed sale of 57,901 common shares via Morgan Stanley Smith Barney on 09/22/2025 with an aggregate market value of $15,313,656.48.

How were the shares to be sold by the Reddit filer acquired?

The filing shows 25,401 shares were acquired by previously exercised stock options on 03/29/2024 (paid in cash) and 32,500 shares were from restricted stock units vested on 05/07/2024.

What broker is handling the proposed sale of RDDT shares?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

Has the filer sold any Reddit shares recently?

Yes. The filing lists 10b5-1 sales including 30,806 shares on 08/25/2025 for $6,732,709.83, 40,967 shares on 08/22/2025 for $9,028,128.56, 32,379 on 08/18/2025 for $7,837,385.52, and 33,334 on 07/16/2025 for $4,735,208.04.

Does the filing indicate any undisclosed material information about Reddit's operations?

By signing the notice, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed; the filing includes this attestation but provides no substantive operational statements.