Reddit (RDDT) director Steven O. Newhouse reports 115-share award and updates holdings
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 reported a stock award and updated holdings. He received a grant of 115 shares of Class A common stock at a price of $0.00 per share as compensation under Reddit’s Amended and Restated Non-Employee Director Compensation Program. The award is fully vested and will be settled in Class A shares on a date he selects under the program or as otherwise provided by it.
Following this grant, Newhouse directly holds 13,187 shares of Class A common stock. The filing also reflects 16,182 shares held indirectly through Advance Magazine Publishers Inc., which is owned through Advance Publications, Inc. Newhouse may be deemed to beneficially own those indirect shares but expressly disclaims beneficial ownership for Section 16 and other 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 | 115 | $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 — 13,187 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 are fully vested and will be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the Reporting Person pursuant to the Issuer's Amended and Restated Non-Employee Director Compensation Program (the "Program"), or (ii) as otherwise provided by the Program. 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
Stock award: 115 shares
Award price: $0.00 per share
Direct holdings after grant: 13,187 shares
+1 more
4 metrics
Stock award
115 shares
Class A common stock grant at $0.00 per share
Award price
$0.00 per share
Compensation grant under Non-Employee Director Compensation Program
Direct holdings after grant
13,187 shares
Class A common stock held directly by Steven O. Newhouse
Indirect holdings reported
16,182 shares
Class A shares owned by Advance Magazine Publishers Inc.
Key Terms
Amended and Restated Non-Employee Director Compensation Program, beneficially own, disclaims beneficial ownership, Section 16
4 terms
Amended and Restated Non-Employee Director Compensation Program financial
"pursuant to the Issuer's Amended and Restated Non-Employee Director Compensation Program (the "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.
disclaims beneficial ownership regulatory
"Mr. Newhouse disclaims beneficial ownership of the securities owned by AMPI"
Section 16 regulatory
"shall not be deemed an admission that Mr. Newhouse is the beneficial owner of such shares for purposes of Section 16"
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 insider transaction did Reddit (RDDT) director Steven O. Newhouse report?
Steven O. Newhouse reported receiving a grant of 115 Reddit Class A shares at $0.00 per share. The filing describes this as a fully vested compensation award under Reddit’s Non-Employee Director Compensation Program, rather than an open-market stock purchase or sale.
What indirect Reddit (RDDT) holdings are associated with Steven O. Newhouse?
The Form 4 lists 16,182 Reddit Class A shares held indirectly through Advance Magazine Publishers Inc. The filing explains this corporation, indirectly owned via Advance Publications, Inc., owns the securities, and Newhouse may be deemed a beneficial owner through his affiliations.
Does Steven O. Newhouse claim beneficial ownership of all indirectly held Reddit (RDDT) shares?
No. The filing states that Advance Magazine Publishers Inc. owns the indirect Reddit shares and that Newhouse disclaims beneficial ownership of those securities. It notes the report should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.
How will Steven O. Newhouse’s Reddit (RDDT) director award be settled?
The 115-share award is fully vested and will be settled in Reddit Class A common stock. Settlement will occur on a date he selects under the Amended and Restated Non-Employee Director Compensation Program or as otherwise provided by that program’s terms.
What transaction code was used for Steven O. Newhouse’s Reddit (RDDT) stock award?
The transaction uses code “A,” which the Form 4 describes as a grant, award, or other acquisition. It records 115 Reddit Class A shares at a transaction price of $0.00 per share, reflecting a compensation-related award rather than a market transaction.