Reddit (RDDT) director awarded 112 fully vested Class A shares
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 director Steven O. Newhouse received a grant of 112 fully vested shares of Class A common stock at no cost. The award was made under Reddit's Amended and Restated Non-Employee Director Compensation Program and will be settled in Class A shares on a date selected under that program or as otherwise provided by it.
Following this grant, Newhouse directly holds 11,358 Class A shares. Separately, Advance Magazine Publishers Inc. owns additional Reddit securities; because of his affiliations with Advance Publications, Inc., Newhouse may be deemed to beneficially own those shares, but he expressly disclaims beneficial ownership of them for Section 16 and other purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Newhouse Steven O
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock, par value $0.0001 per share | 112 | $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 — 11,358 shares (Direct);
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. The Reporting Person disclaims beneficial ownership of the securities owned by AMPI, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
Key Figures
Director share grant: 112 shares
Direct holdings after grant: 11,358 shares
Indirect holdings entry: 16,182 shares
+1 more
4 metrics
Director share grant
112 shares
Fully vested Class A common stock awarded at $0.0000 per share
Direct holdings after grant
11,358 shares
Class A common stock directly owned by Steven O. Newhouse after transaction
Indirect holdings entry
16,182 shares
Class A common stock held through an indirect interest in a corporation
Grant price per share
$0.0000 per share
Reported transaction price for the 112-share director award
Key Terms
Class A common stock, Amended and Restated Non-Employee Director Compensation Program, beneficially own, disclaims beneficial ownership, +1 more
5 terms
Class A common stock financial
"Class A common stock, par value $0.0001 per share"
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.
Amended and Restated Non-Employee Director Compensation Program financial
"pursuant to the Issuer's Amended and Restated Non-Employee Director Compensation Program"
beneficially own financial
"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 financial
"The Reporting Person disclaims beneficial ownership of the securities owned by AMPI"
Section 16 regulatory
"beneficial owner of such shares for purposes of Section 16 or for any other purpose"
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 did Reddit (RDDT) director Steven O. Newhouse report in this Form 4?
Steven O. Newhouse reported receiving 112 fully vested shares of Reddit Class A common stock as a grant at no cost. The award was made under Reddit's Amended and Restated Non-Employee Director Compensation Program and will be settled in shares according to that program's terms.
What is Reddit’s Amended and Restated Non-Employee Director Compensation Program?
It is the program under which non-employee directors like Steven O. Newhouse receive equity compensation in Reddit Class A shares. The program governs vesting and when fully vested awards are settled, allowing settlement on a date the director selects or as otherwise specified in the program.