[144] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) filed a Form 144 notifying the proposed sale of 108,000 common shares through Morgan Stanley Smith Barney on 08/29/2025 with an aggregate market value of $24,358,320. The filing shows those shares were acquired the same day by exercise of stock options and paid in cash. The issuer reports 134,585,853 shares outstanding, giving context to the size of the proposed sale. The filing also lists multiple prior 10b5-1 sales by THE XYZ REVOCABLE TRUST during May–August 2025, including a large block of 110,409 shares on 06/16/2025 producing $13,740,698.15 in gross proceeds. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.

Positive

• Disclosure compliance: The filer submitted the required Form 144 with details on the proposed sale, broker, acquisition method, and prior 10b5-1 sales.
• Payment in cash on exercise: The 108,000 shares were acquired by exercise of stock options with cash payment, indicating standard option settlement.

Negative

• Insider selling pressure: Proposed sale of 108,000 shares valued at $24,358,320 may increase share supply on 08/29/2025.
• Concentrated prior sales: Multiple 10b5-1 sales in May–August 2025, including a large 110,409-share sale on 06/16/2025, represent meaningful insider-related liquidity events.

Insights

Financial Analyst

TL;DR: Insider-related selling announced: 108,000 shares to be sold after same-day option exercise, following several recent 10b5-1 sales.

This Form 144 documents a planned market sale of 108,000 common shares valued at $24.36 million, executed via a broker on 08/29/2025, and acquired by exercise of options the same date. For investors, the key takeaways are the immediate monetization of option proceeds and the cumulative selling activity by related trust accounts during May–August 2025, including a 110,409-share block generating $13.74 million on 06/16/2025. The disclosures are routine for option exercises followed by market sales but increase supply in the market short term.

Corporate Governance Expert

TL;DR: Recurrent planned sales and 10b5-1 executions raise governance and signaling considerations for stakeholders.

The filing shows multiple planned and completed sales through 10b5-1 plans and a large option exercise with immediate sale. Repeated insider-related dispositions can be standard liquidity management, yet they warrant attention to timing, adherence to pre-established plans, and disclosure clarity. The representation that no undisclosed material information exists is provided, as required. Documentation appears consistent with Rule 144 and 10b5-1 procedures as presented.

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

Relationship to Issuer

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	108000	24358320.00	134585853	08/29/2025	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	08/29/2025	Exercise of Stock Options	Issuer			108000	08/29/2025	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 THE XYZ REVOCABLE TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	08/15/2025	14000	3425742.60
10b5-1 Sales for THE XYZ REVOCABLE TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	08/05/2025	14000	2837737.00
10b5-1 Sales for THE XYZ REVOCABLE TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	07/15/2025	14000	2038860.60
10b5-1 Sales for THE XYZ REVOCABLE TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	06/30/2025	14000	2118961.60
10b5-1 Sales for THE XYZ REVOCABLE TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	06/16/2025	14000	1742237.00
10b5-1 Sales for THE XYZ REVOCABLE TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	06/16/2025	110409	13740698.15
10b5-1 Sales for THE XYZ REVOCABLE TRUST 303 2nd Street, South Tower, 5th Floor San Francisco CA 94107	Common	05/30/2025	14000	1540726.60

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 Form 144 filed for RDDT report?

The Form 144 notifies a proposed sale of 108,000 common shares through Morgan Stanley Smith Barney on 08/29/2025 with an aggregate market value of $24,358,320.

How were the 108,000 shares acquired according to the filing?

The filing states the shares were acquired on 08/29/2025 by exercise of stock options and paid in cash.

What is the company's total shares outstanding listed in the filing?

The filing lists 134,585,853 shares outstanding for the issuer.

Were there recent insider sales disclosed in the filing?

Yes. The filing lists several 10b5-1 sales by THE XYZ REVOCABLE TRUST between 05/30/2025 and 08/15/2025, including a 110,409-share sale on 06/16/2025 with gross proceeds of $13,740,698.15.

Who is the broker handling the proposed sale?

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