[Form 4] Reddit, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Christopher B. Slowe, Reddit, Inc. Chief Technology Officer, reported a series of transactions on 09/22/2025. He received 12,000 shares via exercise of fully vested options at a $1.93 exercise price and simultaneously sold several tranches of Class A common stock under a Rule 10b5-1 trading plan adopted May 9, 2025. The aggregated reported sales reduced his direct holdings from 222,534 to 208,534 Class A shares. The filing also shows 20,184 shares held indirectly by The Slowe Family Trust dated January 26, 2012. Sales were executed across multiple trades at weighted average prices reported in footnotes ranging from about $253.61 to $260.91.
Positive
- Sales executed under an established Rule 10b5-1 plan, indicating pre-planned transactions
- Detailed execution disclosure with weighted average prices and trade price ranges in footnotes
- Continued substantial ownership—208,534 Class A shares directly and 20,184 shares indirectly via family trust
Negative
- Material volume sold: direct holdings declined from 222,534 to 208,534 Class A shares
- Significant proceeds realized from multiple tranche sales at mid-$250s per share (weighted averages reported)
Insights
TL;DR: Insider exercised options and sold a material block of shares under a pre-established 10b5-1 plan, leaving significant remaining holdings.
The reporting person exercised 12,000 stock options with a nominal $1.93 strike and immediately sold multiple tranches of Class A stock under a Rule 10b5-1 plan adopted May 9, 2025. The sales reduced direct Class A ownership to 208,534 shares while 20,184 shares remain indirectly held by a family trust. The filing documents weighted average sale prices and multi-trade execution ranges for transparency. This is a routine, pre-planned liquidity event rather than an ad hoc disposition according to the filing.
TL;DR: Transactions appear procedurally compliant; disclosure provides execution price ranges and a 10b5-1 plan reference.
The Form 4 discloses exercise of fully vested options and subsequent sales effected pursuant to a 10b5-1 trading plan adopted May 9, 2025. The filer includes footnotes specifying price ranges for multiple trade executions and offers to provide detailed sale-by-sale information to regulators or security holders. Indirect holdings via The Slowe Family Trust are clearly identified. The filing is detailed and consistent with required Section 16 reporting.