Reddit (NYSE: RDDT) CAO sells 808 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. Chief Accounting Officer Michelle Marie Reynolds reported an open-market sale of 808 shares of Class A Common Stock on July 1, 2026 at a price of $200.00 per share. After this transaction, she directly holds 15,060 shares of Reddit Class A Common Stock.
The filing states that this sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2026, indicating the trade was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 808 shares ($161,600)
Net Sell
1 txn
Insider
Reynolds Michelle Marie
Role
Chief Accounting Officer
Sold
808 shs ($162K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 808 | $200.00 | $162K |
Holdings After Transaction:
Class A Common Stock — 15,060 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 808 shares
Sale price: $200.00 per share
Shares held after transaction: 15,060 shares
+2 more
5 metrics
Shares sold
808 shares
Open-market sale on July 1, 2026
Sale price
$200.00 per share
Price for Class A Common Stock sold
Shares held after transaction
15,060 shares
Direct holdings after July 1, 2026 sale
Number of sell transactions
1 transaction
Non-derivative open-market sale reported
Net share change
-808 shares
Net-sell direction from transaction summary
Key Terms
Rule 10b5-1 trading plan, open-market sale, Class A Common Stock, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person..."
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.
open-market sale financial
"transaction_action: "open-market sale" for the Class A Common Stock transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"security_title: "Class A Common Stock" for the reported transaction"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Form 4 regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan..."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Reddit (RDDT) report for Michelle Marie Reynolds?
Reddit reported that Chief Accounting Officer Michelle Marie Reynolds sold 808 shares of Class A Common Stock. The shares were sold in an open-market transaction at $200.00 per share, and the trade was executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Reddit (RDDT) insider sale by Michelle Marie Reynolds part of a Rule 10b5-1 plan?
Yes. The Form 4 specifies that the sales were executed under a Rule 10b5-1 trading plan. The plan was adopted by Michelle Marie Reynolds on March 3, 2026, indicating the July 1, 2026 transaction was pre-scheduled rather than opportunistically timed.
What type of security did Michelle Marie Reynolds sell in the latest Reddit (RDDT) Form 4?
The transaction involved Reddit’s Class A Common Stock. Michelle Marie Reynolds, the company’s Chief Accounting Officer, sold 808 shares of this class in an open-market transaction at $200.00 per share, and now directly holds 15,060 Class A shares after the sale.