Reddit (NYSE: RDDT) CLO has 3,887 shares withheld for taxes
Rhea-AI Filing Summary
Reddit, Inc. (RDDT) reported that Chief Legal Officer Lee Benjamin Seong had 3,887 shares of Class A Common Stock withheld on 2026-08-20 to satisfy tax withholding obligations, at a reference value of $151.71 per share. The company notes this was not a market sale. Following this tax-withholding disposition, Seong directly holds 71,536 shares of Class A Common Stock.
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Insights
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Insider Trade Summary
Net Seller: 3,887 shares
Net Sell
1 txn
Insider
Lee Benjamin Seong
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 3,887 | $151.71 | $590K |
Holdings After Transaction:
Class A Common Stock — 71,536 shares (Direct)
Footnotes (1)
- F1. These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.
Key Figures
Shares withheld for tax: 3,887 shares
Per-share value for tax withholding: $151.71 per share
Shares held after transaction: 71,536 shares
3 metrics
Shares withheld for tax
3,887 shares
Class A Common Stock withheld on 2026-08-20 to satisfy tax obligations
Per-share value for tax withholding
$151.71 per share
Reference price used for the 3,887 shares withheld
Shares held after transaction
71,536 shares
Directly held Class A Common Stock by Lee Benjamin Seong after withholding
Key Terms
Class A Common Stock, tax withholding obligations, Payment of tax liability by delivering or withholding securities
3 terms
Class A Common Stock financial
"The transaction involved Reddit, Inc. <b>Class A Common Stock</b>."
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.
tax withholding obligations financial
"Shares were withheld by the company to satisfy the reporting person's <b>tax withholding obligations</b>."
Payment of tax liability by delivering or withholding securities financial
"The transaction code description is <b>Payment of tax liability by delivering or withholding securities</b>."
FAQ
What insider transaction did Reddit, Inc. (RDDT) report for Lee Benjamin Seong?
Reddit reported that Chief Legal Officer Lee Benjamin Seong had 3,887 Class A shares withheld on 2026-08-20 to satisfy tax withholding obligations related to equity compensation. The filing states this was not a market sale.
Was Lee Benjamin Seong’s Reddit (RDDT) Form 4 transaction a market sale?
No. A footnote explains that the 3,887 shares were withheld by the company to satisfy Lee Benjamin Seong’s tax withholding obligations and that it was not a market sale.
Does Reddit’s (RDDT) Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnote describes the event as shares withheld to satisfy tax withholding obligations, rather than a discretionary trading plan transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.