Reddit insider Form 4 shows CEO stock option use and trades

Q: What insider transactions did Reddit (RDDT) report for its CEO on this Form 4?

The CEO, who is also a director and 10% owner of Reddit, Inc. , exercised a stock option for 18,000 shares of Class A common stock and reported multiple sales of Class A shares on 11/14/2025 through The XYZ Revocable Trust .

Q: What are the vesting terms of the Reddit (RDDT) stock option mentioned?

The stock option vests over five years on each quarterly anniversary of December 25, 2023, subject to the reporting person’s continued employment or service relationship with Reddit on each vesting date.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) reported insider transactions by its CEO, President, director and 10% owner, acting through The XYZ Revocable Trust. On 11/14/2025, the trust acquired 18,000 shares of Class A common stock at a price of $0 following the exercise of a stock option with a $25.29 exercise price. That same day, the trust reported a series of sales of Class A common stock, with weighted average sale prices including $184.89, $186.82, $187.97, $190.70, $191.53, $193.17, $194.00, $195.01, $196.16, and $197.04, as detailed in the footnotes.

The filing notes these sales were made under a Rule 10b5-1 trading plan adopted on May 19, 2025. After the reported transactions, The XYZ Revocable Trust beneficially owned 485,958 shares of Class A common stock and 1,387,255 stock options indirectly.

Insider Trade Summary

Net Seller: 18,000 shares ($3,506,547)

Net Sell 13 txns

Insider Huffman Steve Ladd

Role CEO & President

Sold 18,000 shs ($3.51M)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	18,000	$0.00	--
Exercise	Class A Common Stock	18,000	$0.00	--
Sale	Class A Common Stock	200	$184.89	$37K
Sale	Class A Common Stock	400	$186.82	$75K
Sale	Class A Common Stock	400	$187.97	$75K
Sale	Class A Common Stock	400	$190.70	$76K
Sale	Class A Common Stock	400	$191.53	$77K
Sale	Class A Common Stock	3,505	$193.17	$677K
Sale	Class A Common Stock	1,545	$194.00	$300K
Sale	Class A Common Stock	2,160	$195.01	$421K
Sale	Class A Common Stock	4,157	$196.16	$815K
Sale	Class A Common Stock	3,400	$197.04	$670K
Sale	Class A Common Stock	1,433	$197.75	$283K

Holdings After Transaction: Stock Option (Right to Buy) — 1,387,255 shares (Indirect, By The XYZ Revocable Trust); Class A Common Stock — 503,958 shares (Indirect, By The XYZ Revocable Trust)

Footnotes (1)

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025. The sales were executed in multiple trades at prices ranging from $184.76 to $185.01. 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 (12) to this Form 4. The sales were executed in multiple trades at prices ranging from $186.58 to $187.05. The sales were executed in multiple trades at prices ranging from $187.69 to $188.31. The sales were executed in multiple trades at prices ranging from $190.17 to $191.09. The sales were executed in multiple trades at prices ranging from $191.18 to $191.90. The sales were executed in multiple trades at prices ranging from $192.51 to $193.49. The sales were executed in multiple trades at prices ranging from $193.53 to $194.52. The sales were executed in multiple trades at prices ranging from $194.54 to $195.48. The sales were executed in multiple trades at prices ranging from $195.54 to $196.53. The sales were executed in multiple trades at prices ranging from $196.57 to $197.53. The sales were executed in multiple trades at prices ranging from $197.58 to $198.09. The option vests over five years on each quarterly anniversary of December 25, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

Form 4 Insider Transactions: What Each Field Means →

11/18/2025 - 07:48 PM

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

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)
11/14/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/14/2025		M		18,000	A	$0	503,958	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		200⁽¹⁾	D	$184.89⁽²⁾	503,758	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		400⁽¹⁾	D	$186.82⁽³⁾	503,358	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		400⁽¹⁾	D	$187.97⁽⁴⁾	502,958	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		400⁽¹⁾	D	$190.7⁽⁵⁾	502,558	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		400⁽¹⁾	D	$191.53⁽⁶⁾	502,158	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		3,505⁽¹⁾	D	$193.17⁽⁷⁾	498,653	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		1,545⁽¹⁾	D	$194⁽⁸⁾	497,108	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		2,160⁽¹⁾	D	$195.01⁽⁹⁾	494,948	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		4,157⁽¹⁾	D	$196.16⁽¹⁰⁾	490,791	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		3,400⁽¹⁾	D	$197.04⁽¹¹⁾	487,391	I	By The XYZ Revocable Trust
Class A Common Stock	11/14/2025		S		1,433⁽¹⁾	D	$197.75⁽¹²⁾	485,958	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$25.29	11/14/2025		M			18,000	⁽¹³⁾	12/25/2033	Class A Common Stock	18,000	$0	1,387,255	I	By The XYZ Revocable Trust

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025.

2. The sales were executed in multiple trades at prices ranging from $184.76 to $185.01. 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 (12) to this Form 4.

3. The sales were executed in multiple trades at prices ranging from $186.58 to $187.05.

4. The sales were executed in multiple trades at prices ranging from $187.69 to $188.31.

5. The sales were executed in multiple trades at prices ranging from $190.17 to $191.09.

6. The sales were executed in multiple trades at prices ranging from $191.18 to $191.90.

7. The sales were executed in multiple trades at prices ranging from $192.51 to $193.49.

8. The sales were executed in multiple trades at prices ranging from $193.53 to $194.52.

9. The sales were executed in multiple trades at prices ranging from $194.54 to $195.48.

10. The sales were executed in multiple trades at prices ranging from $195.54 to $196.53.

11. The sales were executed in multiple trades at prices ranging from $196.57 to $197.53.

12. The sales were executed in multiple trades at prices ranging from $197.58 to $198.09.

13. The option vests over five years on each quarterly anniversary of December 25, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	11/18/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Reddit (RDDT) report for its CEO on this Form 4?

The CEO, who is also a director and 10% owner of Reddit, Inc., exercised a stock option for 18,000 shares of Class A common stock and reported multiple sales of Class A shares on 11/14/2025 through The XYZ Revocable Trust.

How many Reddit (RDDT) shares did the reporting person beneficially own after the transactions?

Following the reported transactions, The XYZ Revocable Trust beneficially owned 485,958 shares of Reddit Class A common stock and 1,387,255 stock options indirectly.

What was the exercise price of the Reddit (RDDT) stock option exercised?

The reported stock option to acquire Reddit Class A common stock had an exercise price of $25.29 per share, and 18,000 shares were acquired upon exercise.

At what prices were Reddit (RDDT) shares sold in the reported transactions?

The sales were executed in multiple trades, with weighted average prices including $184.89, $186.82, $187.97, $190.70, $191.53, $193.17, $194.00, $195.01, $196.16, and $197.04, as detailed in the footnotes.

Was the Reddit (RDDT) insider trading activity done under a Rule 10b5-1 plan?

Yes. The filing states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2025.

What are the vesting terms of the Reddit (RDDT) stock option mentioned?

The stock option vests over five years on each quarterly anniversary of December 25, 2023, subject to the reporting person’s continued employment or service relationship with Reddit on each vesting date.