Reddit COO sells 60,000 shares after option exercise
Reddit, Inc. (RDDT) reported that Chief Operating Officer Jennifer L. Wong exercised employee stock options and sold Class A Common Stock on September 14, 2026.
Rhea-AI Filing Summary
Reddit, Inc. (RDDT) reported that Chief Operating Officer Jennifer L. Wong exercised employee stock options and sold Class A Common Stock on September 14, 2026. She exercised options for 16,453 shares at $5.35 per share and 43,547 shares at $20.76 per share, both fully vested and currently exercisable. She then sold an aggregate of 60,000 Class A shares in multiple open-market transactions at per-share prices generally between the high $150s and mid $160s, with each sale reported at a specific weighted-average price. The filing states these transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on May 12, 2026. After these transactions, 36,000 Class A shares are reported as held indirectly through the MorMa Trust dated June 22, 2021.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F11 | 16,453 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F11 | 43,547 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 16,453 | $5.35 | $88K |
| Exercise | Class A Common Stock F1 | 43,547 | $20.76 | $904K |
| Sale | Class A Common Stock F1, F2 | 2,700 | $158.04 | $427K |
| Sale | Class A Common Stock F1, F3 | 8,758 | $159.13 | $1.39M |
| Sale | Class A Common Stock F1, F4 | 5,442 | $159.84 | $870K |
| Sale | Class A Common Stock F1, F5 | 3,500 | $161.06 | $564K |
| Sale | Class A Common Stock F1, F6 | 9,100 | $162.34 | $1.48M |
| Sale | Class A Common Stock F1, F7 | 8,690 | $163.16 | $1.42M |
| Sale | Class A Common Stock F1, F8 | 13,010 | $164.17 | $2.14M |
| Sale | Class A Common Stock F1, F9 | 6,500 | $165.09 | $1.07M |
| Sale | Class A Common Stock F1, F10 | 2,300 | $165.90 | $382K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (11)
- F1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2026.
- F2. The sales were executed in multiple trades at prices ranging from $157.47 to $158.43. 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 2 to 10 to this Form 4.
- F3. The sales were executed in multiple trades at prices ranging from $158.50 to $159.49.
- F4. The sales were executed in multiple trades at prices ranging from $159.50 to $160.45.
- F5. The sales were executed in multiple trades at prices ranging from $160.50 to $161.48.
- F6. The sales were executed in multiple trades at prices ranging from $161.65 to $162.64.
- F7. The sales were executed in multiple trades at prices ranging from $162.65 to $163.64.
- F8. The sales were executed in multiple trades at prices ranging from $163.65 to $164.64.
- F9. The sales were executed in multiple trades at prices ranging from $164.65 to $165.62.
- F10. The sales were executed in multiple trades at prices ranging from $165.66 to $166.14.
- F11. The stock option is fully vested and currently exercisable.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average sale price financial
indirect financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Reddit (RDDT) disclose about Jennifer L. Wong’s recent stock option exercises?
Were Jennifer L. Wong’s Reddit (RDDT) transactions made under a Rule 10b5-1 plan?
What indirect Reddit (RDDT) holdings are reported for the COO after these transactions?
Did the Reddit (RDDT) COO retain any options in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.