Reddit (NYSE: RDDT) CEO sells 18K shares around $180
Rhea-AI Filing Summary
Reddit, Inc. (RDDT) reported insider transactions by CEO and President Steve Ladd Huffman involving trusts associated with him. On 2026-08-14, a trust exercised 18,000 stock options at an exercise price of $25.29 per share, converting them into an equal number of Class A common shares. The same day, that trust sold 18,000 Class A shares in multiple open-market trades at weighted-average prices generally between the mid‑$170s and low‑$180s per share. These trades were effected under a Rule 10b5-1 trading plan adopted on May 19, 2025. Separate indirect holdings are reported in several grantor retained annuity trusts, which continue to hold Class A shares after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 18,000 shares ($2.75M approx. pre-tax spread)
Exercise and Sale
15 txns
Insider
Huffman Steve Ladd
Role
CEO & President
Sold
18,000 shs ($3.21M)
Approx. gross sale proceeds
$3.21M
Approx. exercise cost
$455K
Approx. pre-tax spread
$2.75M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F13 | 18,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 18,000 | $25.29 | $455K |
| Sale | Class A Common Stock F1, F2 | 1,300 | $175.04 | $228K |
| Sale | Class A Common Stock F1, F3 | 2,292 | $176.11 | $404K |
| Sale | Class A Common Stock F1, F4 | 2,808 | $177.04 | $497K |
| Sale | Class A Common Stock F1, F5 | 5,100 | $178.09 | $908K |
| Sale | Class A Common Stock F1, F6 | 2,800 | $178.95 | $501K |
| Sale | Class A Common Stock F1, F7 | 2,200 | $180.15 | $396K |
| Sale | Class A Common Stock F1, F8 | 600 | $181.06 | $109K |
| Sale | Class A Common Stock F1, F9 | 600 | $182.19 | $109K |
| Sale | Class A Common Stock F1, F10 | 200 | $182.82 | $37K |
| Sale | Class A Common Stock F1, F11 | 100 | $184.06 | $18K |
| holding | Class A Common Stock F12 | -- | -- | -- |
| holding | Class A Common Stock F12 | -- | -- | -- |
| holding | Class A Common Stock F12 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,063,255 shares (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 373,814 shares (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 68,966 shares (Indirect, EVS Trust - I);
Class A Common Stock — 6,897 shares (Indirect, JDI Trust - I);
Class A Common Stock — 6,897 shares (Indirect, MLH Trust - I)
Footnotes (13)
- 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 19, 2025.
- F2. The sales were executed in multiple trades at prices ranging from $174.57 to $175.44. 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 $175.57 to $176.56.
- F4. The sales were executed in multiple trades at prices ranging from $176.60 to $177.56.
- F5. The sales were executed in multiple trades at prices ranging from $177.60 to $178.58.
- F6. The sales were executed in multiple trades at prices ranging from $178.60 to $179.56.
- F7. The sales were executed in multiple trades at prices ranging from $179.61 to $180.55.
- F8. The sales were executed in multiple trades at prices ranging from $180.75 to $181.54.
- F9. The sales were executed in multiple trades at prices ranging from $181.77 to $182.52.
- F10. The sales were executed in multiple trades at prices ranging from $182.78 to $182.85.
- F11. The sale was executed in a single trade at a price of $184.06.
- F12. The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary.
- F13. 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.
Key Figures
Options exercised: 18,000 shares
Exercise price: $25.29 per share
Shares sold: 18,000 shares
+5 more
8 metrics
Options exercised
18,000 shares
Stock options exercised into Class A common stock on 2026-08-14
Exercise price
$25.29 per share
Exercise price of stock options converted into 18,000 Class A shares
Shares sold
18,000 shares
Total Class A shares sold in multiple transactions on 2026-08-14
Sale price example
$175.04 per share
Weighted-average sale price for a 1,300-share block of Class A shares
Highest stated sale price
$184.06 per share
Single-trade sale price for a 100-share transaction on 2026-08-14
Option expiration
2033-12-25
Expiration date of the stock option that was partially exercised
EVS Trust holdings
68,966 shares
Indirect Class A common stock held by EVS Trust - I
JDI and MLH Trust holdings
6,897 shares each
Indirect Class A common stock held by JDI Trust - I and MLH Trust - I
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, weighted average sale price, Stock Option (Right to Buy)
4 terms
Rule 10b5-1 trading plan regulatory
"transactions were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
grantor retained annuity trust financial
"securities are directly held by a grantor retained annuity trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
weighted average sale price financial
"The price reported reflects the weighted average sale price"
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
FAQ
What insider activity did Reddit (RDDT) disclose for Steve Huffman on this Form 4?
Steve Huffman, through a trust, exercised 18,000 stock options and sold 18,000 Class A shares of Reddit, Inc. on 2026-08-14. The sales occurred in multiple open-market trades at prices generally in the $170s–$180s per share range.
Were Steve Huffman’s Reddit (RDDT) trades made under a Rule 10b5-1 plan?
Yes. The filing states that the reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2025. Such plans pre-arrange trade timing and amounts, reducing the informational value of trade timing.
What indirect Reddit (RDDT) holdings does Steve Huffman report in trusts?
The filing lists indirect Class A holdings in several grantor retained annuity trusts, including 68,966 shares in the EVS Trust, and 6,897 shares each in the JDI Trust and MLH Trust. The reporting person is described as the sole trustee and beneficiary of these trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.