Reddit Executive's Stock Sale Shows Confidence as Shares Trade Near $125
Filing Impact
Filing Sentiment
Form Type
4
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
Net Seller: 909 shares ($113,625)
Net Sell
1 txn
Insider
Reynolds Michelle Marie
Role
Chief Accounting Officer
Sold
909 shs ($114K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 909 | $125.00 | $114K |
Holdings After Transaction:
Class A Common Stock — 41,368 shares (Direct)
Footnotes (1)
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FAQ
Was the RDDT stock sale by Michelle Reynolds part of a pre-planned trading arrangement?
Yes, the sales were executed pursuant to a Rule 10b5-1 trading plan that was adopted by Reynolds on March 11, 2025, as disclosed in the footnotes of the Form 4.
What is Michelle Reynolds' position at Reddit (RDDT)?
Michelle Reynolds serves as the Chief Accounting Officer at Reddit, Inc., as indicated in the Form 4 filing.