Reddit CEO trust converts 82,760 shares to Class A
Reddit, Inc. director and CEO Steve Huffman, through The XYZ Revocable Trust, converted 82,760 shares of Class B Common Stock into 82,760 shares of Class A Common Stock on a one-to-one basis at a stated price of $0.00 per share.
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Rhea-AI Filing Summary
Reddit, Inc. director and CEO Steve Huffman, through The XYZ Revocable Trust, converted 82,760 shares of Class B Common Stock into 82,760 shares of Class A Common Stock on a one-to-one basis at a stated price of $0.00 per share. After the conversion, the trust holds 493,955 shares of Class A Common Stock and 3,495,441 shares of Class B Common Stock indirectly. This filing reflects an internal share class conversion rather than an open-market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 82,760 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 82,760 | $0.00 | $0.00 |
Footnotes (1)
- F1. The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis.
FAQ
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What did Reddit (RDDT) CEO Steve Huffman report in this Form 4?
What does the Form 4 say about convertibility of Reddit Class B Common Stock?
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