Reddit (RDDT) CEO Steve Huffman sells 18K shares and exercises options via trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. CEO Steve Huffman reported a mix of stock option exercises and pre-planned sales through a trust holding Reddit shares. A grantor retained annuity trust for which he is sole trustee and beneficiary sold a total of 18,000 shares of Class A Common Stock in open-market transactions at weighted average prices within ranges from about $153.64 to $159.07, under a Rule 10b5-1 trading plan adopted on May 19, 2025. The filing also shows exercises and conversions of derivative securities covering 25,908 shares, including stock options with a $25.29 exercise price and Class B Common Stock convertible into Class A on a one-to-one basis. Following these transactions, the trust continues to hold 428,495 shares of Class A Common Stock and 3,499,395 shares of Class B Common Stock indirectly on Huffman’s behalf, indicating these trades represent a small portion of his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 18,000 shares ($2,828,744)
Net Sell
13 txns
Insider
Huffman Steve Ladd
Role
CEO & President
Sold
18,000 shs ($2.83M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 18,000 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 3,954 | $0.00 | -- |
| Exercise | Class B Common Stock | 3,954 | $0.00 | -- |
| Exercise | Class A Common Stock | 18,000 | $25.29 | $455K |
| Sale | Class A Common Stock | 700 | $154.19 | $108K |
| Sale | Class A Common Stock | 2,000 | $155.22 | $310K |
| Sale | Class A Common Stock | 3,322 | $156.40 | $520K |
| Sale | Class A Common Stock | 4,211 | $157.17 | $662K |
| Sale | Class A Common Stock | 7,467 | $158.20 | $1.18M |
| Sale | Class A Common Stock | 300 | $158.96 | $48K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,171,255 shares (Indirect, By The XYZ Revocable Trust);
Class B Common Stock — 3,499,395 shares (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 429,195 shares (Indirect, By The XYZ Revocable Trust)
Footnotes (1)
- 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. The sales were executed in multiple trades at prices ranging from $153.64 to $154.63. 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 7 to this Form 4. The sales were executed in multiple trades at prices ranging from $154.69 to $155.67. The sales were executed in multiple trades at prices ranging from $155.73 to $156.71. The sales were executed in multiple trades at prices ranging from $156.73 to $157.72. The sales were executed in multiple trades at prices ranging from $157.73 to $158.71. The sales were executed in multiple trades at prices ranging from $158.73 to $159.07. The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary. 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. 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.
Key Figures
Shares sold: 18,000 shares
Sale price range: $153.64–$159.07
Options/derivatives exercised: 25,908 shares
+4 more
7 metrics
Shares sold
18,000 shares
Total Class A shares sold in open-market S-code transactions
Sale price range
$153.64–$159.07
Ranges for multiple weighted-average sale prices across trades
Options/derivatives exercised
25,908 shares
Total shares from derivative exercises and conversions
Option exercise price
$25.29 per share
Exercise price on Stock Option (Right to Buy)
Class A held after
428,495 shares
Class A Common Stock indirectly held by trust after transactions
Class B held after
3,499,395 shares
Class B Common Stock indirectly held by trust after transactions
Net buy/sell shares
-18,000 shares
Net share change from buy/sell activity in transaction summary
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, Class B Common Stock, Stock Option (Right to Buy), +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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.
Class B Common Stock financial
"The Class B Common Stock is convertible at any time at the option of the holder"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of 25.2900"
weighted average sale price financial
"The price reported reflects the weighted average sale price"
FAQ
What did Reddit (RDDT) CEO Steve Huffman report in this Form 4 filing?
Steve Huffman reported option exercises and related stock sales through a trust. A grantor retained annuity trust associated with him sold 18,000 Class A shares and exercised derivative securities for 25,908 shares while maintaining substantial indirect holdings.
Were Steve Huffman’s Reddit (RDDT) stock sales made under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were effected under a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2025. Such plans pre-schedule trades, indicating these sales were arranged in advance rather than timed discretionarily.
How many Reddit (RDDT) options or derivatives did Steve Huffman exercise?
The filing shows exercises and conversions covering 25,908 shares through multiple derivative transactions. These include stock options with a $25.29 exercise price and Class B Common Stock that is convertible into Class A Common Stock on a one-to-one basis.
What are Steve Huffman’s Reddit (RDDT) holdings after these transactions?
After the reported trades, the grantor retained annuity trust holds 428,495 shares of Reddit Class A Common Stock and 3,499,395 shares of Class B Common Stock. All are reported as indirectly owned by Steve Huffman through the trust structure.
How is the Reddit (RDDT) stock held for Steve Huffman structured?
Shares in this Form 4 are held indirectly through various trusts. A key entity is a grantor retained annuity trust where Steve Huffman is described as sole trustee and beneficiary, meaning the trust executes transactions while reflecting his economic interest.