Director-affiliated fund buys Reddit (RDDT) shares in open market

Rhea-AI Filing Summary

Reddit, Inc. director Sarah E. Farrell reported an indirect open-market purchase of 10,500 shares of Class A Common Stock at a weighted average price of $132.26 per share. The trades were executed in multiple lots between $131.83 and $132.50.

The shares are owned by Waygrove Partnership LP, a Delaware limited partnership. Farrell is affiliated with Waygrove and may be deemed to beneficially own these securities, but she disclaims beneficial ownership of the shares held by Waygrove. Following the transactions, Waygrove holds 61,000 shares indirectly, and Farrell also holds 7,899 shares directly.

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^*

FARRELL SARAH E

(Last) (First) (Middle)

C/O REDDIT, INC.

303 2ND STREET, SOUTH TOWER, 5TH FLOOR

(Street)

SAN FRANCISCO CA 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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/13/2026		P		10,500	A	$132.26(1)	61,000	I(2)	Indirect interest in a partnership
Class A Common Stock								7,899	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The purchases were executed in multiple trades at prices ranging from $131.83 to $132.50. The price reported reflects the weighted average purchase 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 purchase price within the range set forth in this footnote.

2. Waygrove Partnership LP, a Delaware limited partnership ("Waygrove"), owns the securities of the Company set forth on this report. Ms. Farrell, by virtue of her affiliation with Waygrove, may be deemed to beneficially own the securities of the Company owned directly by Waygrove. Ms. Farrell disclaims beneficial ownership of the securities owned by Waygrove, and this report shall not be deemed an admission that Ms. Farrell is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	03/17/2026
	** 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.

FAQ

What insider transaction did Reddit (RDDT) disclose for Sarah E. Farrell?

Reddit disclosed an indirect open-market purchase of 10,500 Class A shares linked to director Sarah E. Farrell. The shares were bought through Waygrove Partnership LP at a weighted average price of $132.26 per share, across multiple trades within a narrow price range.

At what price were the new Reddit (RDDT) shares purchased in this Form 4?

The 10,500 Reddit Class A shares were purchased at a weighted average price of $132.26. Footnotes state the trades occurred in multiple executions, with individual prices ranging from $131.83 to $132.50, all recorded as an open-market purchase.

Who actually owns the Reddit (RDDT) shares reported in Sarah E. Farrell’s Form 4?

The reported 10,500 Reddit shares are owned by Waygrove Partnership LP, a Delaware limited partnership. Farrell is affiliated with Waygrove and may be deemed a beneficial owner, but she expressly disclaims beneficial ownership of the securities held by Waygrove.

How many Reddit (RDDT) shares does Waygrove Partnership LP hold after this transaction?

After the reported purchase, Waygrove Partnership LP holds 61,000 Reddit Class A shares. This entire position is reported as an indirect holding associated with director Sarah E. Farrell, reflecting the partnership’s ownership rather than direct personal holdings.

What are Sarah E. Farrell’s direct Reddit (RDDT) share holdings after this Form 4?

Following the reported transactions, Sarah E. Farrell directly holds 7,899 Reddit Class A shares. This direct position is separate from the 61,000 shares owned by Waygrove Partnership LP, which are reported as an indirect interest through the partnership.

Does Sarah E. Farrell claim beneficial ownership of Reddit (RDDT) shares held by Waygrove?

Farrell disclaims beneficial ownership of the Reddit shares held by Waygrove Partnership LP. The filing notes she may be deemed to beneficially own them because of her affiliation, but explicitly states the report is not an admission of beneficial ownership for any purpose.