[144] Reddit, Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 notice: An individual intends to sell 32,379 shares of Reddit, Inc. common stock through Morgan Stanley Smith Barney, with an aggregate market value of $7,981,423.50. The shares are approximately 32,379 RSUs acquired on 05/28/2024 and the proposed sale date is listed as 08/18/2025 on the NYSE. The filing also reports two prior Rule 10b5-1 sales by the same person: 33,333 shares sold on 06/16/2025 for $4,148,351.85 and 33,334 shares sold on 07/16/2025 for $4,735,208.04. The filer certifies no undisclosed material adverse information and indicates the securities were acquired as restricted stock units.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider plans a sizeable sale of RSUs totaling 32,379 shares (~$8.0M), following two recent 10b5-1 sales totaling 66,667 shares.
These figures show a continuing disposition pattern: 32,379 shares proposed for sale with an aggregate market value of $7,981,423.50, plus two prior 10b5-1 executions of 33,333 and 33,334 shares generating about $4.15M and $4.74M respectively. The securities were acquired as restricted stock units on 05/28/2024 and are being sold via Morgan Stanley Smith Barney on the NYSE. From an insider-transaction compliance perspective, the use of a broker and prior 10b5-1 sales are consistent with planned disposition strategies; the filer affirms no undisclosed material information.
TL;DR: Routine-form disclosure of insider RSU sales and prior Rule 10b5-1 executions; documentation appears complete for the proposed sale.
The filing identifies the nature of acquisition as Restricted Stock Units and provides dates and amounts for both the proposed sale and recent 10b5-1 sales. The notice includes the required representation that the seller lacks undisclosed material adverse information. For governance reviewers, the recordable use of a broker and the 10b5-1 executions provide traceability; the filing contains the essential transaction details but does not include any explanatory context about purpose of sales.