Reddit (NYSE: RDDT) director receives 1,714-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newhouse Steven O reported acquisition or exercise transactions in this Form 4 filing.
Reddit, Inc. director Steven O. Newhouse received a grant of 1,714 shares of Class A common stock as a restricted stock unit (RSU) award. The RSUs were granted at $0.0000 per share as compensation, not through an open-market purchase.
The RSUs vest in full on the earlier of the first anniversary of the grant date or immediately before Reddit’s annual meeting of stockholders to be held in 2027, subject to his continued board service. Following this grant, he holds 13,072 Class A shares directly.
Footnotes state that 16,182 additional Class A shares are owned by Advance Magazine Publishers Inc. Mr. Newhouse may be deemed to beneficially own those securities through affiliations with Advance Publications, Inc., but he expressly disclaims beneficial ownership of those indirectly held shares for Section 16 purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Newhouse Steven O
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock, par value $0.0001 per share | 1,714 | $0.00 | -- |
| holding | Class A common stock, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class A common stock, par value $0.0001 per share — 13,072 shares (Direct, null);
Class A common stock, par value $0.0001 per share — 16,182 shares (Indirect, Indirect interest in a corporation)
Footnotes (1)
- The shares represent restricted stock units ("RSUs"), which will vest in full on the earlier of (i) the first anniversary of the grant date and (ii) immediately before the Issuer's annual meeting of stockholders to be held in 2027; subject to the Reporting Person's continued service through such vesting date. The RSUs will be settled in accordance with the Reporting Person's deferral election under the Issuer's Amended and Restated Non-Employee Director Compensation Program or, if earlier, upon termination of the Reporting Person's service as a director. Advance Magazine Publishers Inc., a New York corporation ("AMPI"), owns the securities of the Company set forth on this report. Mr. Newhouse, by virtue of his affiliations with Advance Publications, Inc. a New York corporation ("API"), and certain holders of equity in API, may be deemed to beneficially own the securities of the Company owned directly by AMPI. API is the indirect parent company of AMPI. Mr. Newhouse disclaims beneficial ownership of the securities owned by AMPI, and this report shall not be deemed an admission that Mr. Newhouse is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
Key Figures
RSU grant size: 1,714 shares
Grant price: $0.0000 per share
Direct holdings after grant: 13,072 shares
+2 more
5 metrics
RSU grant size
1,714 shares
Class A common stock RSUs granted to director
Grant price
$0.0000 per share
Compensation-related RSU award, not open-market purchase
Direct holdings after grant
13,072 shares
Reddit Class A common stock held directly by Steven Newhouse
Indirect AMPI holdings
16,182 shares
Reddit Class A shares owned by Advance Magazine Publishers Inc.
Vesting timing
Earlier of 1-year or 2027 meeting
RSUs vest by first anniversary or before 2027 annual meeting
Key Terms
restricted stock units ("RSUs"), Amended and Restated Non-Employee Director Compensation Program, beneficially own, beneficial ownership, +1 more
5 terms
restricted stock units ("RSUs") financial
"The shares represent restricted stock units ("RSUs"), which will vest in full on the earlier..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Amended and Restated Non-Employee Director Compensation Program financial
"settled in accordance with the Reporting Person's deferral election under the Issuer's Amended and Restated Non-Employee Director Compensation Program..."
beneficially own regulatory
"may be deemed to beneficially own the securities of the Company owned directly by AMPI."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
beneficial ownership regulatory
"Mr. Newhouse disclaims beneficial ownership of the securities owned by AMPI..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of such shares for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Reddit (RDDT) director Steven Newhouse report in this Form 4?
Steven Newhouse reported receiving 1,714 Reddit Class A shares as a restricted stock unit award. The grant is compensation-based at $0.0000 per share, not an open-market purchase, and increases his directly held Class A shares to 13,072 after the transaction.
How do Steven Newhouse’s new RSUs in Reddit (RDDT) vest?
The 1,714 Reddit RSUs vest in full on the earlier of the first anniversary of the grant date or immediately before Reddit’s 2027 annual stockholder meeting, provided he continues serving as a director. Settlement follows his deferral election or occurs earlier upon termination of service.
What is the role of Advance Magazine Publishers Inc. in Reddit (RDDT) ownership?
Advance Magazine Publishers Inc. owns 16,182 Reddit Class A shares reported here. Because of his affiliations with Advance Publications, Inc. and certain equity holders, Steven Newhouse may be deemed to beneficially own those shares, although he formally disclaims beneficial ownership for Section 16 purposes.
Is Steven Newhouse’s Reddit (RDDT) RSU grant an open-market transaction?
No, the 1,714-share Reddit RSU grant is compensation, not an open-market trade. It was awarded at $0.0000 per share as a restricted stock unit under Reddit’s non-employee director compensation program, with vesting tied to his continued service on the board.
How will Steven Newhouse’s Reddit (RDDT) RSUs be settled?
The Reddit RSUs will be settled in accordance with his deferral election under the company’s Amended and Restated Non-Employee Director Compensation Program. If his service as a director ends earlier, settlement will occur upon termination rather than on the originally scheduled vesting date.