Reddit CEO trust sells 18k shares, exercises options
Reddit, Inc. CEO Steve Huffman, through The XYZ Revocable Trust, reported an exercise-and-sale transaction in Class A Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. CEO Steve Huffman, through The XYZ Revocable Trust, reported an exercise-and-sale transaction in Class A Common Stock. The trust exercised 18,000 stock options at an exercise price of $25.29 per share to acquire 18,000 shares. On the same date, the trust sold 18,000 shares in multiple open-market trades at prices ranging from $169.00 to $181.98, executed under a Rule 10b5-1 trading plan adopted on May 19, 2025. Following these transactions, the trust holds 373,814 Class A shares and 1,135,255 stock options indirectly attributed to Huffman.
Insider Trade Summary 10b5-1
Exercise and Sale: 18,000 shares ($2.75M approx. pre-tax spread)
Exercise and Sale
17 txns
Insider
Huffman Steve Ladd
Role
CEO & President
Sold
18,000 shs ($3.21M)
Approx. gross sale proceeds
$3.21M
Approx. exercise cost
$455K
Approx. pre-tax spread
$2.75M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 18,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 18,000 | $25.29 | $455K |
| Sale | Class A Common Stock | 400 | $169.48 | $68K |
| Sale | Class A Common Stock | 500 | $170.31 | $85K |
| Sale | Class A Common Stock | 500 | $171.39 | $86K |
| Sale | Class A Common Stock | 500 | $173.59 | $87K |
| Sale | Class A Common Stock | 900 | $174.43 | $157K |
| Sale | Class A Common Stock | 500 | $175.68 | $88K |
| Sale | Class A Common Stock | 1,400 | $176.82 | $248K |
| Sale | Class A Common Stock | 2,350 | $177.69 | $418K |
| Sale | Class A Common Stock | 3,050 | $178.71 | $545K |
| Sale | Class A Common Stock | 3,100 | $179.65 | $557K |
| Sale | Class A Common Stock | 1,400 | $180.85 | $253K |
| Sale | Class A Common Stock | 3,400 | $181.78 | $618K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,135,255 contracts (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 373,814 shares (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 68,966 shares (Indirect, EVS Trust - I);
Class A Common Stock — 6,897 shares (Indirect, JDI Trust - I);
Class A Common Stock — 6,897 shares (Indirect, MLH Trust - I)
Footnotes (15)
- F1. This transaction reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025.
- F2. The sales were executed in multiple trades at prices ranging from $169.00 to $169.95. 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 13 to this Form 4.
- F3. The sales were executed in multiple trades at prices ranging from $170.00 to $170.98.
- F4. The sales were executed in multiple trades at prices ranging from $171.22 to $171.52.
- F5. The sales were executed in multiple trades at prices ranging from $172.97 to $173.93.
- F6. The sales were executed in multiple trades at prices ranging from $174.14 to $175.00.
- F7. The sales were executed in multiple trades at prices ranging from $175.17 to $175.94.
- F8. The sales were executed in multiple trades at prices ranging from $176.18 to $177.17.
- F9. The sales were executed in multiple trades at prices ranging from $177.21 to $178.18.
- F10. The sales were executed in multiple trades at prices ranging from $178.21 to $179.19.
- F11. The sales were executed in multiple trades at prices ranging from $179.21 to $180.16.
- F12. The sales were executed in multiple trades at prices ranging from $180.30 to $181.28.
- F13. The sales were executed in multiple trades at prices ranging from $181.41 to $181.98.
- F14. The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary.
- F15. 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
Shares sold: 18,000 shares
Sale price range: $169.00–$181.98 per share
Options exercised: 18,000 options
+5 more
8 metrics
Shares sold
18,000 shares
Class A Common Stock sold in open-market transactions
Sale price range
$169.00–$181.98 per share
Prices for Reddit Class A shares sold on June 15, 2026
Options exercised
18,000 options
Stock options converted into Class A Common Stock
Exercise price
$25.29 per share
Strike price for exercised Reddit stock options
Post-transaction shares
391,814 shares
Class A Common Stock held by The XYZ Revocable Trust
Remaining options
1,135,255 options
Stock options held after the reported exercise
Option expiration
December 25, 2033
Expiration date of the reported stock option grant
Vesting schedule
Five years, quarterly
Option vests quarterly from December 25, 2023
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, Stock Option (Right to Buy), open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted..."
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.
grantor retained annuity trust financial
"The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee..."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" with underlying security title Class A Common Stock"
open-market sale financial
"transaction_action: "open-market sale" with transaction code "S" for Class A Common Stock"
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" with transaction code "M" for stock options"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock options did Steve Huffman’s trust exercise in Reddit (RDDT)?
The trust exercised 18,000 Reddit stock options at an exercise price of $25.29 per share. These options converted into 18,000 shares of Class A Common Stock as part of a derivative exercise recorded on the same date.
What Reddit (RDDT) holdings remain in Steve Huffman’s trust after these transactions?
After the reported exercise and sales, The XYZ Revocable Trust holds 391,814 Reddit Class A shares and 1,135,255 stock options. These positions are reported as indirectly owned by Steve Huffman through the trust structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates