RDDT Form 4: CTO Slowe exercises 24,000 options and discloses sales under 10b5-1
Rhea-AI Filing Summary
Christopher Brian Slowe, Reddit, Inc. Chief Technology Officer, reported multiple transactions in August 2025. On 08/20/2025 14,839 shares were withheld by the company to satisfy tax withholding obligations at a reported price of $228.18 (non-market withholding). On 08/21/2025 the reporting person exercised a fully vested stock option with a $1.93 exercise price to acquire 24,000 shares; those shares are reported as Class B Common Stock convertible one-for-one into Class A shares. Between 08/21/2025 and 08/22/2025 the filing discloses a series of sales effected pursuant to a Rule 10b5-1 trading plan adopted May 9, 2025, executed in multiple trades at prices ranging roughly from $214.73 to $229.60. After the reported transactions the reporting person directly beneficially owns 213,334 Class A shares and indirectly holds 20,184 Class A shares through The Slowe Family Trust dated January 26, 2012.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider option exercise and subsequent sales under a 10b5-1 plan; net direct holdings remain materially disclosed.
The filing documents a typical combination of option exercise and systematic disposals under a pre-established Rule 10b5-1 trading plan. The option exercise at a $1.93 strike generated 24,000 Class B shares, while numerous market sales across 08/21-08/22/2025 reduced direct Class A holdings to 213,334 shares. The filing discloses per-trade price ranges and that 14,839 shares were withheld for tax obligations. For investors, the record provides transparent execution details and the remaining direct and indirect ownership figures.
TL;DR: Disclosure aligns with Section 16 requirements and documents a Rule 10b5-1 program and tax withholding.
The Form 4 includes required detail: identification of the reporting person as an officer (Chief Technology Officer), explicit statement that sales were effected under a Rule 10b5-1 plan adopted May 9, 2025, and a clear explanation that certain shares were withheld to satisfy tax withholding obligations. It also lists indirect ownership via a family trust. The form is procedurally complete, showing exercise, conversion mechanics, and post-transaction beneficial ownership balances.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,019 | $215.11 | $219K |
| Sale | Class A Common Stock | 1,001 | $216.36 | $217K |
| Sale | Class A Common Stock | 1,941 | $217.45 | $422K |
| Sale | Class A Common Stock | 2,092 | $218.33 | $457K |
| Sale | Class A Common Stock | 423 | $219.23 | $93K |
| Sale | Class A Common Stock | 400 | $220.49 | $88K |
| Sale | Class A Common Stock | 400 | $221.89 | $89K |
| Sale | Class A Common Stock | 100 | $222.84 | $22K |
| Sale | Class A Common Stock | 400 | $224.71 | $90K |
| Sale | Class A Common Stock | 400 | $225.36 | $90K |
| Sale | Class A Common Stock | 800 | $226.83 | $181K |
| Sale | Class A Common Stock | 224 | $228.09 | $51K |
| Sale | Class A Common Stock | 800 | $229.21 | $183K |
| Exercise | Stock Option (Right to Buy) | 24,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 24,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 24,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 24,000 | $0.00 | -- |
| Sale | Class A Common Stock | 900 | $216.99 | $195K |
| Sale | Class A Common Stock | 8,298 | $218.16 | $1.81M |
| Sale | Class A Common Stock | 12,181 | $218.96 | $2.67M |
| Sale | Class A Common Stock | 5,721 | $220.03 | $1.26M |
| Sale | Class A Common Stock | 900 | $220.98 | $199K |
| Tax Withholding | Class A Common Stock | 14,839 | $228.18 | $3.39M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale. 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. The sales were executed in multiple trades at prices ranging from $216.56 to $217.42. 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 (19) to this Form 4. The sales were executed in multiple trades at prices ranging from $217.57 to $218.56. The sales were executed in multiple trades at prices ranging from $218.57 to $219.55. The sales were executed in multiple trades at prices ranging from $219.65 to $220.61. The sales were executed in multiple trades at prices ranging from $220.65 to $221.39. The sales were executed in multiple trades at prices ranging from $214.73 to $215.59. The sales were executed in multiple trades at prices ranging from $215.89 to $216.84. The sales were executed in multiple trades at prices ranging from $216.93 to $217.76. The sales were executed in multiple trades at prices ranging from $217.95 to $218.91. The sales were executed in multiple trades at prices ranging from $218.97 to $219.43. The sales were executed in multiple trades at prices ranging from $220.27 to $220.71. The sales were executed in multiple trades at prices ranging from $221.30 to $222.26. The sales were executed in multiple trades at prices ranging from $223.98 to $224.95. The sales were executed in multiple trades at prices ranging from $225.14 to $225.95. The sales were executed in multiple trades at prices ranging from $226.34 to $227.33. The sales were executed in multiple trades at prices ranging from $227.56 to $228.46. The sales were executed in multiple trades at prices ranging from $228.70 to $229.60. The stock option is fully vested and currently exercisable. 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.