Reddit (RDDT) CEO & 10% owner reports 18,000-share option exercise, stock sales

Rhea-AI Filing Summary

Reddit, Inc. insider activity: A reporting person who is a Director, 10% owner, and the CEO & President of Reddit, Inc. (RDDT) reported equity transactions dated 12/31/2025, all held indirectly through The XYZ Revocable Trust.

The insider exercised a stock option covering 18,000 shares of Class A Common Stock, shown as acquired at a price of $0, from an option with a conversion or exercise price of $25.29. On the same date, the trust sold multiple blocks of Class A shares in open‑market transactions coded "S" at weighted average prices including $229.07, $229.94, $231.04, $232.07, $232.75, and $233.52. These sales were executed pursuant to a Rule 10b5‑1 trading plan adopted on May 19, 2025.

After the reported transactions, the trust beneficially owns 448,576 shares of Class A Common Stock and 1,333,255 stock options, all reported as indirectly owned.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Huffman Steve Ladd

(Last) (First) (Middle)

C/O REDDIT, INC.

303 2ND STREET, SOUTH TOWER, 5TH FLOOR

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [ RDDT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	12/31/2025		M		18,000	A	$0	466,576	I	By The XYZ Revocable Trust
Class A Common Stock	12/31/2025		S		1,500(1)	D	$229.07(2)	465,076	I	By The XYZ Revocable Trust
Class A Common Stock	12/31/2025		S		8,710(1)	D	$229.94(3)	456,366	I	By The XYZ Revocable Trust
Class A Common Stock	12/31/2025		S		1,844(1)	D	$231.04(4)	454,522	I	By The XYZ Revocable Trust
Class A Common Stock	12/31/2025		S		4,109(1)	D	$232.07(5)	450,413	I	By The XYZ Revocable Trust
Class A Common Stock	12/31/2025		S		1,737(1)	D	$232.75(6)	448,676	I	By The XYZ Revocable Trust
Class A Common Stock	12/31/2025		S		100(1)	D	$233.52	448,576	I	By The XYZ Revocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$25.29	12/31/2025		M			18,000	(7)	12/25/2033	Class A Common Stock	18,000	$0	1,333,255	I	By The XYZ Revocable Trust

Explanation of Responses:

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.

2. The sales were executed in multiple trades at prices ranging from $228.42 to $229.41. 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 (6) to this Form 4.

3. The sales were executed in multiple trades at prices ranging from $229.44 to $230.43.

4. The sales were executed in multiple trades at prices ranging from $230.44 to $231.43.

5. The sales were executed in multiple trades at prices ranging from $231.50 to $232.49.

6. The sales were executed in multiple trades at prices ranging from $232.50 to $233.13.

7. 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.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did Reddit, Inc. (RDDT) report on this Form 4?

The filing reports that a Reddit, Inc. insider who is a Director, 10% owner, and the CEO & President exercised 18,000 stock options for Class A Common Stock and sold multiple blocks of Class A shares on 12/31/2025, all through The XYZ Revocable Trust.

How many Reddit (RDDT) shares were involved in the option exercise and sales?

The insider exercised a stock option covering 18,000 shares of Class A Common Stock. The same date shows several sale transactions of Class A shares in Table I, all reported as indirect holdings of The XYZ Revocable Trust.

At what prices were the Reddit, Inc. (RDDT) shares sold?

The reported Class A Common Stock sales on 12/31/2025 were executed in multiple trades at weighted average prices of $229.07, $229.94, $231.04, $232.07, $232.75, and $233.52, with underlying trade ranges detailed in the footnotes.

Was the Reddit (RDDT) insider trading 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.

How many Reddit, Inc. (RDDT) shares does the insider hold after these transactions?

Following the reported transactions, The XYZ Revocable Trust beneficially owns 448,576 shares of Class A Common Stock and 1,333,255 stock options, all reported as indirect ownership by the insider.

What are the key terms of the Reddit (RDDT) stock option mentioned in the filing?

The stock option has a conversion or exercise price of $25.29 and covers 18,000 shares of Class A Common Stock. Footnote (7) states that the option vests over five years on each quarterly anniversary of December 25, 2023, subject to continued employment or service.

Is the Reddit, Inc. (RDDT) insider ownership reported as direct or indirect?

All positions listed in both tables are reported as indirect (I) ownership, with the nature of beneficial ownership shown as "By The XYZ Revocable Trust".