Reddit (NYSE: RDDT) CTO sells 9,500 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Reddit, Inc. Chief Technology Officer Christopher Brian Slowe reported several equity transactions in Class A Common Stock. He exercised stock options to acquire 7,500 shares at an exercise price of $7.92 per share, then sold a total of 9,500 shares in multiple open‑market trades at prices ranging from about $139 to $144, executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on May 9, 2025.
In addition, Slowe recorded bona fide gifts totaling 4,000 shares, including transfers involving The Slowe Family Trust dated January 26, 2012, with no consideration paid. Following these transactions, he holds 38,413 shares directly and 162,828 shares indirectly through the family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 7,500 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 2,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 2,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,500 | $7.92 | $59K |
| Sale | Class A Common Stock | 600 | $139.56 | $84K |
| Sale | Class A Common Stock | 5,648 | $140.83 | $795K |
| Sale | Class A Common Stock | 1,652 | $141.54 | $234K |
| Sale | Class A Common Stock | 1,100 | $143.00 | $157K |
| Sale | Class A Common Stock | 500 | $143.74 | $72K |
Footnotes (8)
- F1. Represents the transfer of shares from The Slowe Family Trust dated January 26, 2012, to the reporting person individually. No consideration was paid in connection with this transfer.
- F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 9, 2025.
- F3. The sales were executed in multiple trades at prices ranging from $139.08 to $140.03. 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 ranges set forth in footnotes 3 to 7 to this Form 4.
- F4. The sales were executed in multiple trades at prices ranging from $140.24 to $141.21.
- F5. The sales were executed in multiple trades at prices ranging from $141.27 to $142.10.
- F6. The sales were executed in multiple trades at prices ranging from $142.39 to $143.37.
- F7. The sales were executed in multiple trades at prices ranging from $143.74 to $143.76.
- F8. The stock option is fully vested and currently exercisable.
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