Reddit CAO Sells $113,625 in Shares at $125 Price Point
Reddit Chief Accounting Officer Michelle Marie Reynolds reported a sale of 909 shares of Class A Common Stock on June 16, 2025, at a price of $125 per share.
Rhea-AI Filing Summary
Reddit Chief Accounting Officer Michelle Marie Reynolds reported a sale of 909 shares of Class A Common Stock on June 16, 2025, at a price of $125 per share. Following the transaction, Reynolds retains direct ownership of 41,368 shares.
The sale was executed according to a Rule 10b5-1 trading plan established on March 11, 2025, which provides an affirmative defense against insider trading allegations by establishing predetermined trading parameters.
- Transaction Type: Sale (S)
- Total Transaction Value: $113,625
- Ownership Type: Direct
- Trading Plan: Rule 10b5-1 compliant
This insider sale represents approximately 2.2% of Reynolds' directly held shares in Reddit, suggesting a routine portfolio management transaction rather than a significant shift in position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 909 | $125.00 | $114K |
Footnotes (1)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 11, 2025.
FAQ
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Was the RDDT stock sale by Michelle Reynolds part of a pre-planned trading arrangement?
What is Michelle Reynolds' position at Reddit (RDDT)?
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