RDDT insider report: 88 vested Class A shares; 11,159 direct, 16,182 indirect
Rhea-AI Filing Summary
Insider transaction by Director Steven O. Newhouse: the report shows a purchase/acquisition entry dated 10/05/2025 for 88 fully vested shares of Class A common stock recorded at a $0 price, reflecting settlement under the company's non-employee director compensation program. After the transaction the reporting person is shown with 11,159 shares held directly and an indirect interest of 16,182 shares through Advance Magazine Publishers Inc., an affiliate of Advance Publications, Inc.; the filer disclaims beneficial ownership of the AMPI-held shares. The transaction was signed by an attorney-in-fact on 10/07/2025.
Positive
- 88 fully vested shares were settled under the director compensation program, showing immediate ownership alignment
- 11,159 shares held directly after the transaction, indicating material direct stake by the director
Negative
- 16,182 shares held indirectly through AMPI create complexity in assessing direct beneficial ownership
- Disclaimer of beneficial ownership reduces clarity about the reporting person’s ultimate control over AMPI-held shares
Insights
Director received 88 vested shares under the director compensation program.
The entry documents an award/settlement of 88 Class A shares that are fully vested and will be settled under the Amended and Restated Non-Employee Director Compensation Program, recorded with a $0 cost basis consistent with compensation settlement rather than an open-market purchase. Ownership after the transaction shows 11,159 direct shares and an indirect interest of 16,182 shares held by AMPI.
This ownership mix means the reporting person has both direct economic exposure and a potential perceived influence through an affiliate; the report includes a formal disclaimer that the reporting person disclaims beneficial ownership of the AMPI-held shares. Watch for any future director compensation settlements or additional indirect disclosures in upcoming reports within the next several quarters.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock, par value $0.0001 per share | 88 | $0.00 | -- |
| holding | Class A common stock, par value $0.0001 per share | -- | -- | -- |
Footnotes (1)
- The shares are fully vested and will be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the Reporting Person pursuant to the Issuer's Amended and Restated Non-Employee Director Compensation Program (the "Program"), or (ii) as otherwise provided by the Program. Advance Magazine Publishers Inc., a New York corporation ("AMPI"), owns the securities of the Company set forth on this report. The Reporting Person, by virtue of his affiliations with Advance Publications, Inc., a New York corporation ("API"), and certain holders of equity in API, may be deemed to beneficially own the securities of the Company owned directly by AMPI. API is the indirect parent company of AMPI. The Reporting Person disclaims beneficial ownership of the securities owned by AMPI, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
