Reddit's Huffman Converts $1.93 Options to Common Stock Through Trust

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Form Type

Rhea-AI Filing Summary

Steve Huffman, CEO, President, and Director of Reddit (RDDT), reported significant insider trading activity on June 25, 2025. The transaction involved the exercise of stock options and subsequent conversion of shares:

Exercised 86,751 stock options at a strike price of $1.93 per share through The XYZ Revocable Trust
Converted the resulting Class B Common Stock into an equal number of Class A Common Stock shares
Following the transactions, Huffman beneficially owns 3,636,413 shares indirectly through the trust

The filing indicates Huffman's significant ownership position as a 10% owner of Reddit. The stock options were fully vested at the time of exercise, with the conversion rights of Class B shares allowing for one-to-one conversion into Class A shares at any time. This transaction represents a notable insider move by Reddit's chief executive ahead of the options' expiration date of July 9, 2025.

Insider Trade Summary

173,502 shares exercised/converted

Exercise 2 txns

Insider Huffman Steve Ladd

Role CEO & President

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	86,751	$0.00	$0.00
Exercise	Class B Common Stock	86,751	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Indirect, By The XYZ Revocable Trust); Class B Common Stock — 3,636,413 shares (Indirect, By The XYZ Revocable Trust)

Footnotes (2)

F1. The stock option is fully vested and currently exercisable.
F2. 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/27/2025 - 07:40 PM

FAQ

What insider trading activity occurred at Reddit (RDDT) on June 25, 2025?

CEO & President Steve Huffman exercised 86,751 stock options at a strike price of $1.93 per share through The XYZ Revocable Trust. The options were converted to Class B Common Stock, which is convertible to Class A Common Stock on a one-to-one basis.

How many shares does Reddit (RDDT) CEO Steve Huffman own after the June 2025 transaction?

After the transaction, Steve Huffman indirectly owns 3,636,413 shares of Class B Common Stock through The XYZ Revocable Trust. These shares are convertible to Class A Common Stock on a one-to-one basis.

What positions does Steve Huffman hold at Reddit (RDDT)?

Steve Huffman serves multiple roles at Reddit: CEO & President, Director, and is also a 10% Owner of the company, as indicated in the Form 4 filing.

What was the exercise price of RDDT stock options exercised by Steve Huffman?

The stock options were exercised at a price of $1.93 per share. These options were fully vested and exercisable, with an expiration date of July 9, 2025.

How are Reddit (RDDT) Class B shares different from Class A shares?

According to the filing, Reddit's Class B Common Stock is convertible into Class A Common Stock at any time at the option of the holder on a one-to-one basis.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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

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)
06/25/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$1.93	06/25/2025		M			86,751	⁽¹⁾	07/09/2025	Class B Common Stock	86,751	$0	0	I	By The XYZ Revocable Trust
Class B Common Stock	⁽²⁾	06/25/2025		M		86,751		⁽²⁾	⁽²⁾	Class A Common Stock	86,751	$0	3,636,413	I	By The XYZ Revocable Trust

Explanation of Responses:

1. The stock option is fully vested and currently exercisable.

2. 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	06/27/2025
	** 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.

Source: View Original Filing on SEC EDGAR