Reddit (RDDT) CFO uses 10,320 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc.’s Chief Financial Officer Andrew Vollero reported a tax-related share disposition. On the Form 4, 10,320 shares of Class A Common Stock were withheld by Reddit to cover his tax withholding obligations, as noted in the footnote stating this was not a market sale. After this withholding, he directly holds 244,208 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vollero Andrew
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 10,320 | $154.88 | $1.60M |
Holdings After Transaction:
Class A Common Stock — 244,208 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 10,320 shares
Price per share reference: $154.88 per share
Shares after transaction: 244,208 shares
+1 more
4 metrics
Shares withheld for taxes
10,320 shares
Class A Common Stock withheld to satisfy tax obligations
Price per share reference
$154.88 per share
Value used for the 10,320-share tax withholding entry
Shares after transaction
244,208 shares
Class A Common Stock held directly after withholding
Tax withholding dispositions
1 transaction, 10,320 shares
Summary of tax withholding activity in this Form 4
Key Terms
tax withholding obligations, Class A Common Stock, Form 4, beneficially owned
4 terms
tax withholding obligations financial
"These shares were withheld by the Issuer to satisfy the reporting person's tax withholding obligations."
Class A Common Stock financial
"security_title: Class A Common Stock"
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
"INSIDER FILING DATA (Form 4)"
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.
beneficially owned financial
"total_shares_following_transaction: 244208.0000"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What did Reddit (RDDT) CFO Andrew Vollero report on this Form 4?
Reddit CFO Andrew Vollero reported that 10,320 Class A Common Stock shares were withheld by the company to satisfy his tax withholding obligations. The Form 4 notes this was not a market sale, and it reflects an administrative tax event.
What does a tax withholding disposition mean for Reddit (RDDT) insiders?
A tax withholding disposition means shares are withheld by the company to pay an insider’s tax obligations, typically linked to vesting or equity compensation. It is an administrative transaction rather than a discretionary buy or sell in the open market.
Does this Reddit (RDDT) Form 4 show any option exercises or derivative trades?
No derivative transactions are listed in this Form 4. The derivative summary is empty, and the transaction summary shows one tax withholding disposition of 10,320 shares, with no exercises, gifts, or restructuring transactions reported.