Reddit (NYSE: RDDT) CEO trades shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Reddit, Inc. insider activity centers on CEO Steve Huffman’s associated trust. On January 15, 2026, The XYZ Revocable Trust, associated with Huffman, exercised a stock option covering 18,000 shares of Class A common stock and acquired those shares at an option exercise price of $25.29 per share. The trust then sold multiple small blocks of Class A common stock the same day in open-market transactions at weighted average prices ranging from roughly $225.67 up to $249.98, all under a pre-established Rule 10b5-1 trading plan adopted on May 19, 2025. Following these transactions, the trust held 448,576 shares of Reddit Class A common stock indirectly on behalf of Huffman, and 1,315,255 derivative securities (stock options) remained beneficially owned indirectly by the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 18,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 18,000 | $0.00 | -- |
| Sale | Class A Common Stock | 300 | $225.84 | $68K |
| Sale | Class A Common Stock | 3,181 | $227.36 | $723K |
| Sale | Class A Common Stock | 3,556 | $228.39 | $812K |
| Sale | Class A Common Stock | 1,200 | $229.39 | $275K |
| Sale | Class A Common Stock | 800 | $230.39 | $184K |
| Sale | Class A Common Stock | 796 | $231.38 | $184K |
| Sale | Class A Common Stock | 600 | $232.33 | $139K |
| Sale | Class A Common Stock | 700 | $234.42 | $164K |
| Sale | Class A Common Stock | 1,105 | $235.39 | $260K |
| Sale | Class A Common Stock | 1,624 | $236.69 | $384K |
| Sale | Class A Common Stock | 500 | $237.30 | $119K |
| Sale | Class A Common Stock | 600 | $238.48 | $143K |
| Sale | Class A Common Stock | 1,236 | $239.71 | $296K |
| Sale | Class A Common Stock | 1,064 | $240.62 | $256K |
| Sale | Class A Common Stock | 300 | $242.67 | $73K |
| Sale | Class A Common Stock | 238 | $245.55 | $58K |
| Sale | Class A Common Stock | 100 | $248.96 | $25K |
| Sale | Class A Common Stock | 100 | $249.98 | $25K |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025. The sales were executed in multiple trades at prices ranging from $225.67 to $225.94. 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 (17) to this Form 4. The sales were executed in multiple trades at prices ranging from $226.88 to $227.76. The sales were executed in multiple trades at prices ranging from $227.89 to $228.88. The sales were executed in multiple trades at prices ranging from $228.91 to $229.85. The sales were executed in multiple trades at prices ranging from $229.91 to $230.78. The sales were executed in multiple trades at prices ranging from $230.99 to $231.97. The sales were executed in multiple trades at prices ranging from $232.06 to $232.59. The sales were executed in multiple trades at prices ranging from $233.82 to $234.80. The sales were executed in multiple trades at prices ranging from $234.93 to $235.82. The sales were executed in multiple trades at prices ranging from $236.13 to $237.09. The sales were executed in multiple trades at prices ranging from $237.16 to $237.69. The sales were executed in multiple trades at prices ranging from $238.19 to $238.80. The sales were executed in multiple trades at prices ranging from $239.25 to $240.24. The sales were executed in multiple trades at prices ranging from $240.25 to $240.97. The sales were executed in multiple trades at prices ranging from $242.24 to $243.22. The sales were executed in multiple trades at prices ranging from $245.18 to $246.06. 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.
FAQ
What insider transactions did Reddit (RDDT) report for CEO Steve Huffman?
The filing reports that a trust associated with CEO Steve Huffman, The XYZ Revocable Trust, exercised a stock option for 18,000 shares of Reddit Class A common stock at an exercise price of $25.29 per share and then sold portions of those shares in multiple open-market transactions on January 15, 2026.
Were the Reddit (RDDT) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2025. Such plans allow pre-arranged trading according to preset instructions.
How does the Reddit (RDDT) option for Steve Huffman vest?
According to the footnotes, 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 Reddit on each vesting date.
Is the Reddit (RDDT) CEO a 10% owner based on this Form 4?
The relationship section identifies Steve Huffman as a Director, an Officer (CEO & President), and a 10% Owner of Reddit, Inc., with the reported holdings held indirectly through The XYZ Revocable Trust.