Reddit (RDDT) COO sells 39,167 shares after exercising stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. Chief Operating Officer Jennifer L. Wong reported an exercise-and-sell transaction in Class A Common Stock. She exercised stock options to acquire 39,167 shares at $5.35 per share and sold 39,167 shares in open-market trades.
The sales on April 16, 2026 were executed at weighted-average prices within ranges from about $157.46 to $163.65 under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, Wong holds about 1,127,618 Class A shares directly, plus 36,000 shares indirectly through the MorMa Trust, and 193,953 stock options outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 39,167 shares ($6,324,169)
Net Sell
10 txns
Insider
Wong Jennifer L.
Role
Chief Operating Officer
Sold
39,167 shs ($6.32M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 39,167 | $0.00 | -- |
| Exercise | Class A Common Stock | 39,167 | $5.35 | $210K |
| Sale | Class A Common Stock | 900 | $157.93 | $142K |
| Sale | Class A Common Stock | 2,300 | $159.08 | $366K |
| Sale | Class A Common Stock | 2,700 | $160.05 | $432K |
| Sale | Class A Common Stock | 8,679 | $161.01 | $1.40M |
| Sale | Class A Common Stock | 22,998 | $162.08 | $3.73M |
| Sale | Class A Common Stock | 1,390 | $162.86 | $226K |
| Sale | Class A Common Stock | 200 | $163.58 | $33K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 193,953 shares (Direct, null);
Class A Common Stock — 1,127,618 shares (Direct, null);
Class A Common Stock — 36,000 shares (Indirect, By MorMa Trust dated June 22, 2021)
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 May 16, 2025. The sales were executed in multiple trades at prices ranging from $157.46 to $158.33. 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 8 to this Form 4. The sales were executed in multiple trades at prices ranging from $158.49 to $159.43. The sales were executed in multiple trades at prices ranging from $159.50 to $160.44. The sales were executed in multiple trades at prices ranging from $160.50 to $161.49. The sales were executed in multiple trades at prices ranging from $161.50 to $162.48. The sales were executed in multiple trades at prices ranging from $162.50 to $163.18. The sales were executed in multiple trades at prices ranging from $163.51 to $163.65. The stock option is fully vested and currently exercisable.
Key Figures
Shares sold: 39,167 shares
Option exercise price: $5.35 per share
Sale price range: $157.46–$163.65 per share
+5 more
8 metrics
Shares sold
39,167 shares
Total Class A shares sold in open-market transactions on April 16, 2026
Option exercise price
$5.35 per share
Exercise price for 39,167 stock options converted into Class A shares
Sale price range
$157.46–$163.65 per share
Price ranges for multiple trades disclosed in Form 4 footnotes
Direct holdings after
1,127,618 shares
Class A Common Stock directly owned by COO after reported transactions
Indirect holdings after
36,000 shares
Class A shares held indirectly via MorMa Trust dated June 22, 2021
Options remaining
193,953 options
Stock options outstanding after exercising 39,167 options on April 16, 2026
Exercised options
39,167 options
Stock options exercised and converted into Class A shares (fully vested grant)
Option expiration
June 12, 2028
Expiration date for the exercised stock option grant described in the filing
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, stock option, derivative security, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported reflects the weighted average sale price."
stock option financial
"The stock option is fully vested and currently exercisable."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By MorMa Trust dated June 22, 2021"
FAQ
What insider transactions did Reddit (RDDT) COO Jennifer Wong report?
Jennifer L. Wong reported exercising stock options for 39,167 Reddit Class A shares and selling 39,167 shares in open-market transactions. These trades were disclosed on a Form 4 insider filing and occurred on April 16, 2026 under a pre-arranged plan.
What stock options does Reddit (RDDT) COO Jennifer Wong still hold?
Following the option exercise, Wong holds 193,953 stock options described as rights to buy Reddit Class A Common Stock. The exercised tranche covered 39,167 options with a $5.35 exercise price and an expiration date of June 12, 2028, and is now fully vested.
What type of transaction pattern does the Reddit (RDDT) Form 4 show?
The Form 4 shows an exercise-and-sell pattern: the COO exercised 39,167 options at $5.35 per share and sold 39,167 shares in open-market trades. Net, this represents a disposition of shares while maintaining a substantial remaining equity and option stake in Reddit.