[144] Reddit, Inc. SEC Filing
Rhea-AI Filing Summary
Reddit, Inc. Form 144 notice shows a proposal to sell 108,000 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $23,583,960 and 134,585,853 shares outstanding. The filing lists acquisitions: 84,000 shares acquired on 08/21/2025 by exercising stock options (paid in cash), 10,000 RSUs on 08/20/2025, and 14,000 RSUs on 03/21/2024. It also discloses three prior 10b5-1 sales by Christopher Brian Slowe totaling 58,000 shares between 05/22/2025 and 07/22/2025 with combined gross proceeds shown per sale. The filer attests no undisclosed material adverse information.
Positive
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Negative
- None.
Insights
TL;DR: Insider sale notice for 108,000 shares valued at $23.6M; recent 10b5-1 sales occurred totaling 58,000 shares.
The filing is a routine Rule 144 notice describing the intended sale mechanics and provenance of the shares. Material elements are the large notional value of the proposed sale and the breakdown of acquisitions: option exercise and RSU vesting. Prior 10b5-1 transactions by Christopher Brian Slowe are disclosed with dates, amounts and gross proceeds, demonstrating prior systematic sales rather than a single unexpected disposal. The filing contains no earnings or operational data and includes the standard attestation regarding material nonpublic information.
TL;DR: Governance disclosure meets Form 144 requirements; signatures and representations are included but no trading-plan adoption date is shown.
The document provides required details: broker, intended sale date, share counts, acquisition dates and payment method for the option exercise. It notes prior 10b5-1 sales by the same person. The remarks section contains the attestation about material adverse information and reference to Rule 10b5-1 plan adoption or instruction date, although the filing does not explicitly provide a plan adoption date in the visible content. No other governance or compliance issues are stated.