Reddit (RDDT) Chief Legal Officer Seong reports option exercises and stock sales
Rhea-AI Filing Summary
Reddit, Inc.'s Chief Legal Officer, Lee Benjamin Seong, reported option exercises and share sales in Class A common stock. On January 7, 2026, Seong exercised 27,930 stock options at an exercise price of $7.92 per share and sold 21,680 shares at a weighted average price of about $260.10, plus an additional 6,250 shares at $260.00 per share. On January 9, 2026, Seong exercised another 3,320 stock options at $7.92 and sold 3,320 shares at a weighted average price of about $260.22.
These sales were carried out under a Rule 10b5-1 trading plan adopted on September 11, 2025, and the stock option is fully vested and currently exercisable. After the reported transactions, Seong directly holds 62,608 shares of Reddit Class A common stock and 149,500 stock options with a $7.92 exercise price.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 3,320 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,320 | $7.92 | $26K |
| Sale | Class A Common Stock | 3,320 | $260.22 | $864K |
| Exercise | Stock Option (Right to Buy) | 27,930 | $0.00 | -- |
| Exercise | Class A Common Stock | 27,930 | $7.92 | $221K |
| Sale | Class A Common Stock | 21,680 | $260.10 | $5.64M |
| Sale | Class A Common Stock | 6,250 | $260.00 | $1.63M |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 11, 2025. The sales were executed in multiple trades at prices ranging from $260.00 to $260.44. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price within the range set forth in footnotes (2) to (3). The sales were executed in multiple trades at prices ranging from $260.00 to $260.82. The stock option is fully vested and currently exercisable.
FAQ
What insider activity did Reddit (RDDT) disclose for Lee Benjamin Seong?
Reddit disclosed that Chief Legal Officer Lee Benjamin Seong exercised stock options and sold shares of Class A common stock on January 7 and 9, 2026. The transactions included both option exercises at $7.92 per share and sales around $260 per share.
How many Reddit (RDDT) stock options did Lee Benjamin Seong exercise?
Seong exercised 27,930 stock options on January 7, 2026 and 3,320 stock options on January 9, 2026, each with an exercise price of $7.92 per share.
What are Lee Benjamin Seong’s remaining Reddit (RDDT) holdings after these transactions?
After the reported transactions, Seong directly holds 62,608 shares of Reddit Class A common stock and 149,500 stock options with an exercise price of $7.92 per share.
Were the Reddit (RDDT) insider sales by Lee Benjamin Seong under a Rule 10b5-1 plan?
Yes. The filing states that the sales were effected under a Rule 10b5-1 trading plan adopted by Seong on September 11, 2025, which pre-arranged the trades.