Director Seibel gets 1,714 Reddit (NYSE: RDDT) RSUs as board grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit director Michael Seibel received a grant of 1,714 shares of Class A Common Stock in the form of restricted stock units. The RSUs will vest in full on the earlier of the first anniversary of the grant date or immediately before Reddit’s 2027 annual stockholders’ meeting, contingent on his continued service.
Following this equity award, Seibel directly holds 5,333 shares of Class A Common Stock, reflecting a routine, compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seibel Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,714 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 5,333 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 1,714 shares
Post-transaction holdings: 5,333 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
RSU grant size
1,714 shares
Restricted stock units of Class A Common Stock granted to director
Post-transaction holdings
5,333 shares
Class A Common Stock directly held by Michael Seibel after grant
Grant price per share
$0.0000 per share
Reported transaction price for the 1,714 RSUs
Vesting horizon
by 2027 annual meeting
RSUs vest earlier of first anniversary or before 2027 stockholders’ meeting
Key Terms
restricted stock units, Class A Common Stock, annual meeting of stockholders, Grant, award, or other acquisition
4 terms
restricted stock units financial
"The shares represent restricted stock units, which will vest in full on the earlier of..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"security_title: "Class A Common Stock" for the reported transaction"
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.
annual meeting of stockholders financial
"immediately before the Issuer's annual meeting of stockholders to be held in 2027"
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Reddit (RDDT) report for Michael Seibel?
Reddit reported that director Michael Seibel received 1,714 shares of Class A Common Stock as restricted stock units. This was a compensation-related equity award, not an open-market purchase, and increased his direct holdings to 5,333 Class A shares after the grant.
What are the vesting terms of Michael Seibel’s 1,714 Reddit RSUs?
The 1,714 restricted stock units will vest in full on the earlier of the first anniversary of the grant date or immediately before Reddit’s annual stockholders’ meeting to be held in 2027. Vesting requires Michael Seibel’s continued service through the applicable vesting date.
Is Michael Seibel’s Reddit (RDDT) Form 4 transaction a purchase or a grant?
The Form 4 shows a grant, not a market purchase. Michael Seibel acquired 1,714 Reddit Class A shares through a restricted stock unit award coded as a grant or other acquisition, representing typical equity compensation for his role as a director.
Does Michael Seibel pay for the 1,714 Reddit (RDDT) RSUs he received?
The reported per-share price for the 1,714 restricted stock units is $0.0000, indicating no cash outlay by Michael Seibel. These RSUs are part of his compensation package and will vest based on time and his continued board service at Reddit.