[Form 4] Reddit, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Steve Ladd Huffman, Reddit, Inc. director, CEO & President and reported 10% owner, reported transactions on 08/20/2025. The filing shows a conversion (Code C) of 2,880 Class B shares into Class A Common Stock at no cash price, and a disposition (Code F) of 40,261 Class A shares withheld by the company to satisfy the reporting person's tax withholding obligations at $228.18 per share; the filing notes this was not a market sale. Following the reported non-derivative transactions the reporting person beneficially owned 494,104 Class A shares indirectly. The derivative section reflects acquisition of 2,880 Class B shares convertible one-for-one into Class A, with a reported post-transaction derivative beneficial ownership figure of 3,584,035 Class A shares held indirectly by The XYZ Revocable Trust.

Positive

• Conversion of Class B to Class A executed, increasing Class A share holdings via conversion without cash outlay
• Disposition was a tax withholding and explicitly noted as not a market sale, indicating no open-market dilution or selling pressure from the reporting person

Negative

• 40,261 Class A shares withheld reduced reported non-derivative beneficial ownership to 494,104 shares, lowering the reported stake
• Withholding price $228.18 reflects taxable value realized and a decrease in directly reportable share count

Insights

Corporate Governance Expert

TL;DR: Insider converted voting Class B shares and had shares withheld for taxes; transactions appear routine and administrative.

The filing documents a conversion of 2,880 Class B shares into Class A shares and the withholding of 40,261 Class A shares to satisfy tax obligations, explicitly stated as not a market sale. The conversion increases the pool of Class A shares held indirectly by the reporting trust while maintaining disclosure of beneficial ownership levels. From a governance perspective, these are internal ownership-structure and tax-settlement actions rather than open-market trades that signal a change in confidence.

Securities Analyst

TL;DR: Transactions are administrative; no cash purchase and no market sale, so limited near-term market impact is indicated.

The Code C conversion at $0 and the Code F withholding at $228.18 per share are clearly described. The withholding reduced reported non-derivative beneficial ownership from 534,365 to 494,104 Class A shares (indirect). The derivative disclosure shows convertible Class B shares that map one-for-one to Class A, contributing to the larger indirect beneficial ownership total of 3,584,035 Class A shares. These actions adjust reported share counts but do not represent open-market liquidity events.

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).

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^*

Huffman Steve Ladd

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		C		2,880	A	$0	534,365	I	By The XYZ Revocable Trust
Class A Common Stock	08/20/2025		F		40,261(2)	D	$228.18	494,104	I	By The XYZ Revocable Trust

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
Class B Common Stock	(1)	08/20/2025		C			2,880	(1)	(1)	Class A Common Stock	2,880	(1)	3,584,035	I	By The XYZ Revocable Trust

Explanation of Responses:

1. 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.

2. These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	08/22/2025
	** 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

What did Reddit (RDDT) insider Steve Huffman report on Form 4?

He reported a conversion of 2,880 Class B shares into Class A and the withholding of 40,261 Class A shares to satisfy tax obligations, with the withholding priced at $228.18 per share.

Was the 40,261-share disposition a market sale?

No. The filing explicitly states the shares were withheld by the company to satisfy tax withholding obligations and were not a market sale.

How many Class A shares did Huffman beneficially own after the transactions?

494,104 Class A shares indirectly, per the non-derivative section; the derivative section reports an indirect beneficial ownership total of 3,584,035 Class A shares resulting from convertible Class B holdings.

What is the conversion rate of Class B to Class A described in the filing?

One-to-one. The filing states Class B Common Stock is convertible at any time at the option of the holder into Class A Common Stock on a one-for-one basis.

When did these transactions occur?

08/20/2025 is the transaction date shown for both the non-derivative and derivative entries.