Reddit CEO trust sells 18K shares
Reddit, Inc. director and CEO Steve Huffman, through a revocable trust, reported option-related trades in Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. director and CEO Steve Huffman, through a revocable trust, reported option-related trades in Class A Common Stock. The trust exercised stock options to acquire 18,000 shares at an exercise price of $25.29 per share and on the same date sold 18,000 shares in open-market transactions at weighted average prices in the $170–$175 range. These transactions were carried out under a pre-arranged Rule 10b5-1 trading plan, and the filing shows the trust continues to hold a substantial equity position, including more than 1,117,255 stock options remaining after the exercise.
Insider Trade Summary 10b5-1
Exercise and Sale: 18,000 shares ($2.66M approx. pre-tax spread)
Exercise and Sale
10 txns
Insider
Huffman Steve Ladd
Role
CEO & President
Sold
18,000 shs ($3.12M)
Approx. gross sale proceeds
$3.12M
Approx. exercise cost
$455K
Approx. pre-tax spread
$2.66M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 18,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 18,000 | $25.29 | $455K |
| Sale | Class A Common Stock | 1,100 | $170.71 | $188K |
| Sale | Class A Common Stock | 2,200 | $171.74 | $378K |
| Sale | Class A Common Stock | 4,999 | $172.91 | $864K |
| Sale | Class A Common Stock | 8,901 | $173.77 | $1.55M |
| Sale | Class A Common Stock | 800 | $174.61 | $140K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,117,255 contracts (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 373,814 shares (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 68,966 shares (Indirect, EVS Trust - I);
Class A Common Stock — 6,897 shares (Indirect, JDI Trust - I);
Class A Common Stock — 6,897 shares (Indirect, MLH Trust - I)
Footnotes (8)
- F1. This transaction reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025.
- F2. The sales were executed in multiple trades at prices ranging from $170.27 to $171.19. 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 6 to this Form 4.
- F3. The sales were executed in multiple trades at prices ranging from $171.29 to $172.27.
- F4. The sales were executed in multiple trades at prices ranging from $172.33 to $173.31.
- F5. The sales were executed in multiple trades at prices ranging from $173.36 to $174.33.
- F6. The sales were executed in multiple trades at prices ranging from $174.38 to $174.83.
- F7. The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary.
- F8. The option vests over five years on each quarterly anniversary of December 25, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.
Key Figures
Shares sold: 18,000 shares
Sale price range: $170.27–$174.83/share
Option exercise size: 18,000 shares
+3 more
6 metrics
Shares sold
18,000 shares
Open-market sales of Class A Common Stock on 2026-06-30
Sale price range
$170.27–$174.83/share
Multiple trades with weighted average prices disclosed in footnotes
Option exercise size
18,000 shares
Stock options exercised into Class A Common Stock on 2026-06-30
Option exercise price
$25.29/share
Exercise or conversion price for stock options
Options remaining
1,117,255 options
Stock options indirectly held after the reported derivative transaction
Net share direction
-18,000 shares
Net buy/sell shares across reported transactions
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, weighted average sale price, stock option (right to buy), +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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.
grantor retained annuity trust financial
"The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
weighted average sale price financial
"The price reported reflects the weighted average sale price"
stock option (right to buy) financial
"Stock Option (Right to Buy) with underlying Class A Common Stock"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Reddit (RDDT) report for Steve Huffman?
Reddit reported that a trust associated with CEO Steve Huffman exercised options for 18,000 Class A shares at $25.29 and sold 18,000 shares in open-market trades, all documented in a recent Form 4 insider transaction filing.
What was the option exercise price in the Reddit (RDDT) Form 4?
The filing discloses that stock options to acquire 18,000 Reddit Class A shares were exercised at an exercise price of $25.29 per share, converting derivative holdings into common stock before the related open-market sales.
Were the recent Reddit (RDDT) insider sales under a Rule 10b5-1 plan?
Yes. The Form 4 states the transactions were effected under a Rule 10b5-1 trading plan adopted on May 19, 2025, indicating the sales were pre-scheduled rather than discretionary market-timing decisions by the reporting person.
How many Reddit (RDDT) stock options remain after the reported transactions?
After exercising 18,000 options linked to this grant, the filing shows 1,117,255 stock options remaining indirectly held by the trust, indicating the reporting person continues to have a significant derivative equity position in Reddit.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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