Reddit CEO Huffman's trust sells 17,308 shares
The CEO's reported Class A share acquisition and sales were effected pursuant to a Rule 10b5-1 plan adopted May 20, 2026.
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Rhea-AI Filing Summary
Reddit, Inc. (RDDT) CEO & President Steve Ladd Huffman reported that The XYZ Revocable Trust exercised options for 17,308 Class A shares at $25.29 per share on October 13, 2026, and sold 17,308 Class A shares in nine sale entries at reported prices ranging from $155.33 to $163.72 per share.
The Class A share acquisition and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Huffman on May 20, 2026. The trust's reported post-exercise option position was 993,331. Separate reported indirect holdings were 68,966 shares in EVS Trust and 6,897 shares each in JDI Trust and MLH Trust; a related footnote says these securities are held by a grantor retained annuity trust of which Huffman is sole trustee and beneficiary.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F12 | 17,308 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 17,308 | $25.29 | $438K |
| Sale | Class A Common Stock F1, F2 | 3,408 | $155.33 | $529K |
| Sale | Class A Common Stock F1, F3 | 1,300 | $156.47 | $203K |
| Sale | Class A Common Stock F1, F4 | 4,200 | $157.61 | $662K |
| Sale | Class A Common Stock F1, F5 | 2,500 | $158.84 | $397K |
| Sale | Class A Common Stock F1, F6 | 1,200 | $159.76 | $192K |
| Sale | Class A Common Stock F1, F7 | 1,800 | $160.95 | $290K |
| Sale | Class A Common Stock F1, F8 | 1,700 | $161.98 | $275K |
| Sale | Class A Common Stock F1, F9 | 700 | $162.80 | $114K |
| Sale | Class A Common Stock F1, F10 | 500 | $163.72 | $82K |
| holding | Class A Common Stock F11 | -- | -- | -- |
| holding | Class A Common Stock F11 | -- | -- | -- |
| holding | Class A Common Stock F11 | -- | -- | -- |
Footnotes (12)
- 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 20, 2026.
- F2. The sales were executed in multiple trades at prices ranging from $155.06 to $155.99. 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 $156.07 to $156.95.
- F4. The sales were executed in multiple trades at prices ranging from $157.10 to $158.03.
- F5. The sales were executed in multiple trades at prices ranging from $158.37 to $159.34.
- F6. The sales were executed in multiple trades at prices ranging from $159.42 to $160.16.
- F7. The sales were executed in multiple trades at prices ranging from $160.44 to $161.35.
- F8. The sales were executed in multiple trades at prices ranging from $161.47 to $162.43.
- F9. The sales were executed in multiple trades at prices ranging from $162.47 to $163.18.
- F10. The sales were executed in multiple trades at prices ranging from $163.47 to $164.04.
- F11. The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary.
- F12. 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
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average sale price financial
grantor retained annuity trust financial
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