Reddit (RDDT) Chief Legal Officer gets 28,809 RSUs, sells 5,575 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc.’s Chief Legal Officer, Benjamin Seong Lee, reported a mix of equity awards and sales of Class A common stock. He received 28,809 restricted stock units (RSUs) on February 20, which vest quarterly over one year on May 20, August 20, November 20, and February 20, as long as he remains a service provider.
To cover taxes from this award, 6,533 shares were withheld by Reddit in a tax-withholding disposition, which was not a market sale. On February 23, he sold a total of 5,575 shares in a series of open‑market transactions at prices within ranges from $140.44 to $147.81, conducted under a Rule 10b5‑1 trading plan adopted on September 11, 2025. After these transactions, he directly owned 79,309 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,575 shares ($799,180)
Net Sell
10 txns
Insider
Lee Benjamin Seong
Role
Chief Legal Officer
Sold
5,575 shs ($799K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 800 | $141.03 | $113K |
| Sale | Class A Common Stock | 1,700 | $141.94 | $241K |
| Sale | Class A Common Stock | 875 | $142.73 | $125K |
| Sale | Class A Common Stock | 600 | $143.90 | $86K |
| Sale | Class A Common Stock | 600 | $144.79 | $87K |
| Sale | Class A Common Stock | 600 | $146.23 | $88K |
| Sale | Class A Common Stock | 300 | $147.38 | $44K |
| Sale | Class A Common Stock | 100 | $150.03 | $15K |
| Grant/Award | Class A Common Stock | 28,809 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 6,533 | $146.13 | $955K |
Holdings After Transaction:
Class A Common Stock — 84,084 shares (Direct)
Footnotes (1)
- These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A common stock. The RSUs shall vest quarterly over a 1-year period, with 1/4th of the RSUs vesting on each of May 20, August 20, November 20, and February 20, subject to the Reporting Person continuing to be a service provider through each such date. 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 September 11, 2025. The sales were executed in multiple trades at prices ranging from $140.44 to $141.43. 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 (4) to (10) to this Form 4. The sales were executed in multiple trades at prices ranging from $141.49 to $142.46. The sales were executed in multiple trades at prices ranging from $142.49 to $143.25. The sales were executed in multiple trades at prices ranging from $143.54 to $144.34. The sales were executed in multiple trades at prices ranging from $144.54 to $145.16. The sales were executed in multiple trades at prices ranging from $145.84 to $146.68. The sales were executed in multiple trades at prices ranging from $146.99 to $147.81.
FAQ
What insider transactions did Reddit (RDDT) report for Benjamin Seong Lee?
Reddit’s Chief Legal Officer, Benjamin Seong Lee, reported receiving 28,809 restricted stock units and selling 5,575 Class A shares. He also had 6,533 shares withheld to cover taxes related to the equity award, and held 79,309 shares afterward.
What equity award did Reddit (RDDT) grant to its Chief Legal Officer?
He received 28,809 restricted stock units, each representing one Class A share. These RSUs vest quarterly over one year on May 20, August 20, November 20, and February 20, contingent on his continued service with Reddit through each vesting date.
Was the Reddit (RDDT) insider stock sale made under a 10b5-1 trading plan?
Yes. The filing notes that the reported sales on February 23 were executed under a Rule 10b5‑1 trading plan. This trading plan was adopted by Benjamin Seong Lee on September 11, 2025, and governs the pre‑arranged sale of shares.