[144] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) reported a Form 144 notice proposing the sale of 40,967 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $8,957,434.55. The filing states there are 134,585,853 shares outstanding, and the approximate date of sale is 08/22/2025 on the NYSE.

The securities to be sold were acquired largely from previously exercised stock options and restricted stock units on 03/29/2024 and 05/07/2024 (line items: 1,000; 31,500; 8,467 shares). The filing also lists three 10b5-1 plan sales by Jennifer Wong during the past three months totaling 99,046 shares on 06/16/2025, 07/16/2025, and 08/18/2025 with combined gross proceeds shown. The notice includes the standard representation regarding the absence of undisclosed material adverse information and references reliance on Rule 10b5-1 where applicable.

Positive

• Use of a Rule 10b5-1 trading plan is documented for recent sales, indicating structured compliance with insider-trading rules
• Brokered transaction via Morgan Stanley Smith Barney LLC, providing institutional execution

Negative

• Insider sale proposed of 40,967 shares with aggregate market value of $8,957,434.55
• Recent 10b5-1 sales total 99,046 shares in the past three months (06/16/2025, 07/16/2025, 08/18/2025) with disclosed gross proceeds

Insights

Securities Analyst

TL;DR: Routine insider sale under Form 144 and 10b5-1; not large relative to outstanding shares.

The filing documents a proposed sale of 40,967 common shares via Morgan Stanley Smith Barney with an indicated aggregate market value of $8,957,434.55 and an approximate sale date of 08/22/2025. Acquisition records show the shares originate from exercised options and RSUs in 2024, consistent with post-vesting liquidity events. The filer also executed multiple 10b5-1 sales in the prior three months totaling 99,046 shares, with gross proceeds disclosed per sale. From a trading-activity perspective, these disclosures reflect orderly, pre-arranged dispositions rather than ad-hoc insider selling.

Corporate Governance Expert

TL;DR: Disclosure aligns with compliance norms; includes 10b5-1 plan references and the required insider certification.

The notice includes the required representations about lack of undisclosed material information and cites reliance on Rule 10b5-1 for prior sales, indicating adherence to standard insider-trading controls. Acquisition details (options exercised and RSUs) and the broker identification satisfy Form 144 disclosure elements. The filing does not disclose additional context about the filer’s role or binding plan adoption dates in the visible text, limiting further governance conclusions.

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	40967	8957434.55	134585853	08/22/2025	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			1000	03/29/2024	Cash
Common	05/07/2024	Restricted Stock Units	Issuer			31500	05/07/2024	N/A
Common	03/29/2024	Previously Exercised Stock Options	Issuer			8467	03/29/2024	Cash

* 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	08/18/2025	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
10b5-1 Sales for JENNIFER WONG 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	06/16/2025	33333	4148351.85

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 the Form 144 for Reddit (RDDT) disclose about the proposed sale?

The Form 144 proposes the sale of 40,967 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $8,957,434.55 and an approximate sale date of 08/22/2025.

How many shares outstanding does the filing list for Reddit (RDDT)?

The filing lists 134,585,853 shares outstanding.

Where did the shares being sold originate from according to the filing?

Acquisition records show the shares came from previously exercised stock options (03/29/2024) and restricted stock units (05/07/2024), with specific lots of 1,000; 31,500; and 8,467 shares.

Has the filer made recent sales in the past three months?

Yes. The filing lists three 10b5-1 sales by Jennifer Wong totaling 99,046 shares on 06/16/2025, 07/16/2025, and 08/18/2025, with gross proceeds disclosed for each sale.

Which broker is handling the proposed sale?

The proposed sale is to be handled by Morgan Stanley Smith Barney LLC, Executive Financial Services (New York address provided).