[Form 4] Reddit, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) – Form 4 filed 21-Jul-2025

CEO, President and 10% owner Steve Huffman converted 14,000 Class B shares to Class A at $0 (code C) on 15-Jul-2025 and immediately sold the same 14,000 Class A shares under a Rule 10b5-1 plan adopted 21-May-2024. Sales were executed in five tranches between $143.15 and $147.51, producing an average price around $145 and proceeds of roughly $2 million.

Post-transaction, the XYZ Revocable Trust—through which Huffman holds the shares—owns 539,631 Class A shares directly and 3,614,915 Class B shares that remain convertible one-for-one into Class A. The dispositions represent about 0.2 % of Huffman’s combined economic interest, indicating modest diversification rather than a material reduction in ownership.

Positive

• Sale executed under a Rule 10b5-1 plan, reducing concerns about opportunistic timing.
• Insider retains over 4 million share equivalents, signalling continued commitment.

Negative

• CEO sold ~$2 million in stock, which some investors may view as a bearish signal.

Insights

Securities Analyst

TL;DR: Small, pre-planned CEO share sale; negligible ownership impact, neutral signal.

The 14 k-share sale equals roughly 0.24 % of Huffman’s total convertible and Class A holdings, so control is unaffected. Use of a 10b5-1 plan lowers signaling risk because trades were scheduled months in advance. Pricing near $145 suggests he capitalised on recent market strength but does not necessarily indicate insider pessimism. Overall, the filing is neutral for valuation and governance but worth monitoring for further selling patterns.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Huffman Steve Ladd

(Last) (First) (Middle)

C/O REDDIT, INC.

303 2ND STREET, SOUTH TOWER, 5TH FLOOR

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [ RDDT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/15/2025		C		14,000	A	$0	553,631	I	By The XYZ Revocable Trust
Class A Common Stock	07/15/2025		S		900(1)	D	$143.47(2)	552,731	I	By The XYZ Revocable Trust
Class A Common Stock	07/15/2025		S		3,500(1)	D	$145.04(3)	549,231	I	By The XYZ Revocable Trust
Class A Common Stock	07/15/2025		S		6,390(1)	D	$145.75(4)	542,841	I	By The XYZ Revocable Trust
Class A Common Stock	07/15/2025		S		3,110(1)	D	$146.63(5)	539,731	I	By The XYZ Revocable Trust
Class A Common Stock	07/15/2025		S		100(1)	D	$147.51	539,631	I	By The XYZ Revocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(6)	07/15/2025		C			14,000	(6)	(6)	Class A Common Stock	14,000	$0	3,614,915	I	By The XYZ Revocable Trust

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 21, 2024.

2. The sales were executed in multiple trades at prices ranging from $143.15 to $143.70. 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 (2) to (5) to this Form 4.

3. The sales were executed in multiple trades at prices ranging from $144.30 to $145.29.

4. The sales were executed in multiple trades at prices ranging from $145.30 to $146.29.

5. The sales were executed in multiple trades at prices ranging from $146.30 to $147.28.

6. The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	07/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Reddit (RDDT) shares did CEO Steve Huffman sell?

He sold 14,000 Class A shares on 15-Jul-2025.

At what prices were the Reddit shares sold?

Sales occurred between $143.15 and $147.51, with a weighted average near $145.

Was the insider sale pre-planned?

Yes. The trades were executed under a Rule 10b5-1 plan adopted 21-May-2024.

How many Reddit shares does the CEO still own after the sale?

Huffman’s trust now holds 539,631 Class A shares plus 3,614,915 Class B shares convertible 1-for-1 into Class A.

Does the sale affect Huffman’s control of Reddit?

No. The sale represents only about 0.2 % of his total economic interest, leaving control unchanged.