RDDT Form 4: COO Wong Trims Stake, Nets $4.1M from Option Exercise

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) – Form 4 insider transaction filed 18-Jun-2025

Chief Operating Officer Jennifer L. Wong reported a same-day option exercise and share sale executed on 16-Jun-2025 under a previously adopted Rule 10b5-1 trading plan

• Option exercise 33,333 Class A shares acquired from the exercise of employee stock options with a $5.35 strike price, expiring 12-Jun-2028. No cash proceeds are disclosed on Form 4, but the company receives the $5.35 per share exercise price (≈ $178k).
• Open-market sales The same 33,333 shares were sold in five tranches at weighted‐average prices between $122.05 and $126.43, generating gross proceeds of roughly $4.1 million.
• Post-transaction ownership: Wong now holds 1,428,007 Class A shares directly (-33,333 versus pre-trade) and 161,000 shares indirectly through the MorMa Trust, plus 369,787 unexercised options.

The filing shows a modest reduction (≈2.3%) in Wong’s direct equity stake while preserving a sizeable holding. The transactions were pre-scheduled, limiting the signalling value regarding insider sentiment. From a liquidity perspective, Reddit receives marginal cash from the option exercise; the net share count is unaffected because the acquired shares were immediately sold.

Positive

• COO remains a significant shareholder with 1.428 million shares and 369,787 options post-transaction.
• Company receives cash from option exercise ($5.35 × 33,333 ≈ $178k), albeit immaterial to Reddit’s balance sheet.

Negative

• Insider sale of 33,333 shares (~$4.1 million) may be viewed as mild negative sentiment, though it was pre-planned.

Insights

Financial Analyst

TL;DR – Small, pre-planned COO sale; neutral impact on valuation.

Wong’s 33k-share option exercise adds only ≈$178k to Reddit’s cash. She simultaneously liquidated the exercised shares for ≈$4.1 million, trimming her direct ownership by 2.3% but still retaining 1.43 million shares and substantial option exposure. Because the sales were executed under a 10b5-1 plan, the informational content is muted; investors typically discount such trades as routine diversification. The size of the sale is immaterial relative to Reddit’s float and market cap, so supply-demand dynamics should be unaffected. Overall, the filing neither signals a change in strategic outlook nor alters the investment thesis.

06/18/2025 - 08:09 PM

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).

X

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^*

Wong Jennifer L.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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	06/16/2025		M		33,333	A	$0	1,461,340	D
Class A Common Stock	06/16/2025		S		5,000(1)	D	$122.6(2)	1,456,340	D
Class A Common Stock	06/16/2025		S		8,657(1)	D	$123.63(3)	1,447,683	D
Class A Common Stock	06/16/2025		S		7,875(1)	D	$124.55(4)	1,439,808	D
Class A Common Stock	06/16/2025		S		9,099(1)	D	$125.64(5)	1,430,709	D
Class A Common Stock	06/16/2025		S		2,702(1)	D	$126.2(6)	1,428,007	D
Class A Common Stock								161,000	I	By MorMa Trust dated June 22, 2021

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
Stock Option (Right to Buy)	$5.35	06/16/2025		M			33,333	(7)	06/12/2028	Class A Common Stock	33,333	$0	369,787	D

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 $122.05 to $123.03. 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.

3. The sales were executed in multiple trades at prices ranging from $123.05 to $124.02.

4. The sales were executed in multiple trades at prices ranging from $124.05 to $125.04.

5. The sales were executed in multiple trades at prices ranging from $125.05 to $126.03.

6. The sales were executed in multiple trades at prices ranging from $126.05 to $126.43.

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

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	06/18/2025
	** 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 COO Jennifer Wong sell on 16-Jun-2025?

She sold 33,333 Class A shares in five tranches at weighted-average prices between $122.05 and $126.43.

Did the Reddit insider sale occur under a 10b5-1 plan?

Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on 21-May-2024.

What is Jennifer Wong’s remaining equity stake in Reddit after the transaction?

She now owns 1,428,007 shares directly, 161,000 shares indirectly, and 369,787 unexercised options.

What was the strike price of the options exercised by the COO?

The options had a $5.35 exercise price and expire on 12-Jun-2028.

How much cash did Reddit receive from the option exercise?

At $5.35 per share for 33,333 shares, Reddit received approximately $178,000.