[Form 4] Reddit, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reddit (NYSE:RDDT) filed a Form 4 disclosing that Chief Accounting Officer Michelle M. Reynolds sold 3,500 Class A shares on 06/25/2025 at $150.64 each, totaling about $527 thousand. The sale, executed under a Rule 10b5-1 plan adopted on 03/11/2025, reduces her stake by roughly 8.5%, leaving 37,868 shares outstanding. No derivative positions were involved. While pre-planned trades temper timing concerns, investors may interpret a sizable disposal by a senior finance officer as a cautious signal.

Positive

• None.

Negative

• CAO insider sale: 3,500 shares (~8.5% of holdings) at $150.64, worth roughly $527k, may signal caution to investors despite 10b5-1 plan.

Insights

Insider Trading Analyst

CAO's 8.5% sale hints mild caution but not alarming.

The disposition of 3,500 shares (≈$527k) by Reddit’s Chief Accounting Officer represents an 8.5% trim of her position. Although executed under a Rule 10b5-1 plan, such sales from senior finance executives often draw scrutiny because they are presumed to possess superior insight into earnings quality. The remaining 37,868-share holding aligns her incentives with shareholders, reducing the likelihood of a negative informational signal. Still, the trade marginally heightens sentiment risk; persistent insider selling could pressure the multiple.

Portfolio Manager

Pre-planned divestiture; neutral fundamental impact.

At roughly $0.5 million, the sale is immaterial versus Reddit’s average daily dollar volume and does not alter the firm’s cash flow profile. The 10b5-1 framework implies diversification motives rather than adverse outlook. Reynolds retains nearly 38 k shares, keeping material upside exposure. I will not adjust valuation models on this event but will monitor aggregate insider activity for emerging patterns.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reynolds Michelle Marie

(Last) (First) (Middle)

C/O REDDIT, INC.

303 2ND STREET, SOUTH TOWER, 5TH FLOOR

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [ RDDT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/25/2025		S		3,500(1)	D	$150.64	37,868	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 11, 2025.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	06/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Reddit shares did CAO Michelle Reynolds sell on June 25 2025?

She sold 3,500 Class A shares.

What was the average sale price per RDDT share?

The shares were sold at $150.64 each.

How many RDDT shares does Michelle Reynolds own after the sale?

She retains 37,868 shares.

Was the transaction executed under a Rule 10b5-1 plan?

Yes, the sale was made under a Rule 10b5-1 plan adopted on 03/11/2025.

What percentage of her prior stake did the CAO sell?

Approximately 8.5% of her holdings were sold.