Reddit (RDDT) CLO Seong reports 3,886-share tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. Chief Legal Officer Lee Benjamin Seong reported a routine tax-related share withholding. On May 20, 2026, 3,886 shares of Reddit Class A common stock were withheld by the company at an indicated price of $154.88 per share to cover his tax withholding obligations. The footnote clarifies this was not a market sale but a payment of tax liability using shares. After this transaction, Seong directly holds 75,423 Reddit Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lee Benjamin Seong
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,886 | $154.88 | $602K |
Holdings After Transaction:
Class A Common Stock — 75,423 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 3,886 shares
Indicated price per share: $154.88/share
Shares held after transaction: 75,423 shares
3 metrics
Shares withheld for taxes
3,886 shares
Class A Common Stock withheld on May 20, 2026
Indicated price per share
$154.88/share
Value used for tax-withholding disposition
Shares held after transaction
75,423 shares
Direct holdings of Lee Benjamin Seong following withholding
Key Terms
tax withholding obligations, Class A Common Stock, non-derivative, tax-withholding disposition
4 terms
tax withholding obligations financial
"These shares were withheld by the Issuer to satisfy the reporting person's tax withholding obligations."
Class A Common Stock financial
"security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
non-derivative financial
"transaction_type: non-derivative"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Reddit (RDDT) disclose for Lee Benjamin Seong?
Reddit disclosed that Chief Legal Officer Lee Benjamin Seong had 3,886 Class A shares withheld to cover tax obligations. The company used an indicated price of $154.88 per share, and this event was recorded as a non-market tax-withholding disposition.
How is the Reddit (RDDT) insider transaction coded on the Form 4?
The transaction is coded “F” on the Form 4, which represents payment of exercise price or tax liability by delivering securities. It is categorized as a non-derivative tax-withholding disposition, not a standard open-market purchase or sale of Reddit shares.