[Form 4] Reddit, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) – Form 4 (filed 07/24/25): Chief Technology Officer Christopher Brian Slowe reported option exercises and open-market sales dated 07/22/25.

• Option exercise: Exercised 11,000 stock options at $1.93, converting the same number of Class B shares into Class A shares at a nil cash cost to the company.
• Share sales: Immediately sold an aggregate 16,000 Class A shares in seven blocks at weighted-average prices disclosed between $138.98 and $147.57 under a Rule 10b5-1 plan.
• Post-transaction holdings: Direct ownership decreased to 241,373 Class A shares; an additional 20,184 shares are held indirectly via The Slowe Family Trust. Derivative holdings remain significant at 153,464 options.

No earnings or guidance data are included; the filing is limited to insider activity.

Positive

• Officer retains 241,373 Class A shares and 153,464 options, preserving significant insider alignment.
• Transactions executed under a Rule 10b5-1 plan, signalling pre-planned, compliance-oriented selling.

Negative

• 16,000 shares sold at $138.98–$147.57 represents cashing out of roughly 6 % of direct stake, a potential negative sentiment indicator.

Insights

Securities Analyst

TL;DR: CTO exercised low-priced options, then sold 16k shares, but retains >260k shares/options.

The $1.93 exercise price confirms legacy option grants well in-the-money after Reddit’s IPO. While the 16,000-share sale (~6% of direct stake) realizes gains at ~$139-147, it was pre-scheduled under a 10b5-1 plan, mitigating adverse signaling. Slowe still holds 241k shares (≈0.15% float) plus 153k options, maintaining meaningful alignment. Overall impact is neutral: routine liquidity, modest dilution already counted in fully-diluted share count.

Corporate Governance Expert

TL;DR: Insider selling is modest, executed under 10b5-1; governance concern low.

The filing evidences proper use of a trading plan, reducing litigation risk. Conversion of Class B to Class A at a 1:1 ratio is consistent with IPO structure and slightly improves voting parity. Remaining large ownership supports long-term commitment. No red flags emerge.

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).

1. Name and Address of Reporting Person^*

Slowe Christopher Brian

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/22/2025		C		11,000	A	$0	257,373	D
Class A Common Stock	07/22/2025		S		400(1)	D	$139.24(2)	256,973	D
Class A Common Stock	07/22/2025		S		400(1)	D	$140.39(3)	256,573	D
Class A Common Stock	07/22/2025		S		1,065(1)	D	$142.58(4)	255,508	D
Class A Common Stock	07/22/2025		S		1,375(1)	D	$144.42(5)	254,133	D
Class A Common Stock	07/22/2025		S		3,470(1)	D	$145.63(6)	250,663	D
Class A Common Stock	07/22/2025		S		8,490(1)	D	$146.5(7)	242,173	D
Class A Common Stock	07/22/2025		S		800(1)	D	$147.39(8)	241,373	D
Class A Common Stock								20,184	I	By The Slowe Family Trust dated January 26, 2012

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
Stock Option (Right to Buy)	$1.93	07/22/2025		M			11,000	(9)	02/25/2026	Class B Common Stock	11,000	$0	153,464	D
Class B Common Stock	(10)	07/22/2025		M		11,000		(10)	(10)	Class A Common Stock	11,000	$0	11,000	D
Class B Common Stock	(10)	07/22/2025		C			11,000	(10)	(10)	Class A Common Stock	11,000	$0	0	D

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 21, 2024.

2. The sales were executed in multiple trades at prices ranging from $138.98 to $139.85 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 (8) to this Form 4.

3. The sales were executed in multiple trades at prices ranging from $140.11 to $140.92.

4. The sales were executed in multiple trades at prices ranging from $142.21 to $143.15.

5. The sales were executed in multiple trades at prices ranging from $144.05 to $145.01.

6. The sales were executed in multiple trades at prices ranging from $145.05 to $146.04.

7. The sales were executed in multiple trades at prices ranging from $146.05 to $147.03.

8. The sales were executed in multiple trades at prices ranging from $147.15 to $147.57.

9. The stock option is fully vested and currently exercisable.

10. The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	07/24/2025
	** 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.

FAQ

How many Reddit (RDDT) shares did the CTO sell?

Christopher Slowe sold 16,000 Class A shares on 07/22/25.

At what prices were the Reddit insider sales executed?

Weighted-average sale prices ranged from $138.98 to $147.57, detailed in footnotes (2)-(8).

Did the Reddit CTO exercise any options?

Yes. He exercised 11,000 options at an exercise price of $1.93 per share.

What is the CTO’s remaining stake in Reddit after the transactions?

Direct holdings are 241,373 Class A shares; an additional 20,184 shares are held via a family trust plus 153,464 options.

Were the insider sales part of a pre-arranged plan?

Yes, all sales were made under a Rule 10b5-1 trading plan adopted on May 21, 2024.