Reddit CEO trust sells 18,000 shares after exercise
Reddit, Inc. CEO Steve Huffman, through The XYZ Revocable Trust, exercised stock options to acquire 18,000 shares of Class A Common Stock at an exercise price of $25.29 per share on April 15, 2026.
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Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. CEO Steve Huffman, through The XYZ Revocable Trust, exercised stock options to acquire 18,000 shares of Class A Common Stock at an exercise price of $25.29 per share on April 15, 2026. The trust then sold 18,000 shares that day in open-market transactions at prices ranging from $155.89 to $159.47 under a pre-arranged Rule 10b5-1 trading plan.
Following these transactions, The XYZ Revocable Trust held 414,495 Class A shares. Additional indirect holdings reported include 68,966 shares held by EVS Trust, and 6,897 shares each held by MLH Trust and JDI Trust.
Insider Trade Summary 10b5-1
Exercise and Sale: 18,000 shares ($2.40M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Huffman Steve Ladd
Role
CEO & President
Sold
18,000 shs ($2.85M)
Approx. gross sale proceeds
$2.85M
Approx. exercise cost
$455K
Approx. pre-tax spread
$2.40M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 18,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 18,000 | $25.29 | $455K |
| Sale | Class A Common Stock | 500 | $156.41 | $78K |
| Sale | Class A Common Stock | 2,595 | $157.41 | $408K |
| Sale | Class A Common Stock | 11,605 | $158.48 | $1.84M |
| Sale | Class A Common Stock | 3,300 | $159.21 | $525K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,207,255 contracts (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 411,195 shares (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 68,966 shares (Indirect, EVS Trust - I);
Class A Common Stock — 6,897 shares (Indirect, MLH Trust - I);
Class A Common Stock — 6,897 shares (Indirect, JDI Trust - I)
Footnotes (7)
- F1. This transaction reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025.
- F2. The sales were executed in multiple trades at prices ranging from $155.89 to $156.77. 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 5 to this Form 4.
- F3. The sales were executed in multiple trades at prices ranging from $156.98 to $157.97.
- F4. The sales were executed in multiple trades at prices ranging from $158.01 to $159.00.
- F5. The sales were executed in multiple trades at prices ranging from $159.03 to $159.47.
- F6. The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary.
- F7. 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.
Key Figures
Options exercised: 18,000 shares
Exercise price: $25.29 per share
Shares sold: 18,000 shares
+5 more
8 metrics
Options exercised
18,000 shares
Stock option exercise into Class A Common Stock on April 15, 2026
Exercise price
$25.29 per share
Stock option (right to buy) into Class A Common Stock
Shares sold
18,000 shares
Open-market sales by The XYZ Revocable Trust on April 15, 2026
Sale prices
$155.89–$159.47
Price ranges for multiple open-market trades noted in footnotes
XYZ Trust holdings
414,495 shares
Class A Common Stock indirectly held after transactions
EVS Trust holdings
68,966 shares
Indirect Class A Common Stock holding reported as of April 15, 2026
MLH Trust holdings
6,897 shares
Indirect Class A Common Stock holding reported as of April 15, 2026
JDI Trust holdings
6,897 shares
Indirect Class A Common Stock holding reported as of April 15, 2026
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, Stock Option (Right to Buy, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
grantor retained annuity trust financial
"The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Stock Option (Right to Buy financial
"security_title": "Stock Option (Right to Buy)"
Class A Common Stock financial
"underlying_security_title": "Class A Common Stock"
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.
vesting financial
"The option vests over five years on each quarterly anniversary of December 25, 2023"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Reddit (RDDT) CEO Steve Huffman report in this Form 4?
Steve Huffman reported that The XYZ Revocable Trust exercised options for 18,000 Reddit Class A shares at $25.29 and sold 18,000 shares in open-market trades between $155.89 and $159.47 on April 15, 2026.
What are Steve Huffman’s other indirect Reddit (RDDT) holdings?
Beyond The XYZ Revocable Trust, the filing lists additional indirect Reddit holdings: 68,966 shares in EVS Trust, and 6,897 shares each in MLH Trust and JDI Trust. These entries provide a fuller picture of Huffman-associated indirect ownership.
What are the key terms of the Reddit (RDDT) stock option exercised by Steve Huffman?
The option covered 18,000 underlying Class A shares with an exercise price of $25.29 and an expiration date of December 25, 2033. A footnote explains it vests quarterly over five years from December 25, 2023, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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