[Form 4] Reddit, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jennifer L. Wong, Chief Operating Officer of Reddit, Inc. (RDDT), reported multiple open-market sales of Class A common stock executed on 09/22/2025. The Form 4 shows a series of dispositions under a Rule 10b5-1 trading plan adopted May 16, 2025, with individual sale lots ranging from 100 to 8,000 shares at weighted average prices shown per lot between $254.01 and $262.76. Many shares are reported as indirectly beneficially owned by the MorMa Trust dated June 22, 2021; after the reported transactions, direct and indirect holdings are listed across lines (examples include 119,533 and 1,295,968 shares shown following specific sales). The filing was signed by an attorney-in-fact on 09/24/2025 and includes footnotes disclosing execution price ranges for each lot and an offer to provide detailed per-trade sale quantities on request.

Positive

• Sales executed under a Rule 10b5-1 trading plan, indicating pre-planned dispositions
• Detailed disclosure with price ranges for each lot and an offer to provide per-trade sale quantities on request
• Post-transaction beneficial ownership reported, including identification of indirect ownership via the MorMa Trust

Negative

• Significant insider selling across multiple lots (individual lots from 100 to 8,000 shares) on 09/22/2025
• Large reduction in reported holdings on multiple lines, which may be viewed as insider liquidity rather than retention

Insights

Securities Analyst

TL;DR: Insider sold multiple Class A share lots under a documented 10b5-1 plan; disclosure is complete, showing material volume across several price bands.

The Form 4 documents structured, pre-planned sales by the COO under a Rule 10b5-1 plan adopted May 16, 2025. Transactions executed 09/22/2025 span numerous lots (100 to 8,000 shares) with weighted-average prices reported per lot from $254.01 to $262.76 and supporting footnotes that specify intra-range execution prices. The filing distinguishes indirect ownership via the MorMa Trust and shows post-transaction beneficial ownership figures on multiple lines. For investors, the filing is a clear compliance disclosure of insider liquidity events but does not include any information about company operations or forward guidance.

Corporate Governance Expert

TL;DR: The disclosure follows governance best practices by using a 10b5-1 plan and providing detailed execution ranges and availability of granular trade data.

The reporting person identifies the Rule 10b5-1 plan and provides explanatory footnotes with price ranges and an undertaking to provide per-trade sale breakdowns upon request, which strengthens transparency. The signatures and filing format meet Section 16 reporting requirements. The Form 4 differentiates direct versus indirect holdings (MorMa Trust) and lists post-sale beneficial ownership balances, enabling stakeholders to assess remaining insider stakes.

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

1. Name and Address of Reporting Person^*

Wong Jennifer L.

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		S		500(1)	D	$254.01(2)	119,533	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	09/22/2025		S		1,000(1)	D	$255.15(3)	118,533	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	09/22/2025		S		1,821(1)	D	$256.6(4)	116,712	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	09/22/2025		S		2,416(1)	D	$257.4(5)	114,296	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	09/22/2025		S		1,743(1)	D	$258.58(6)	112,553	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	09/22/2025		S		887(1)	D	$259.37(7)	111,666	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	09/22/2025		S		100(1)	D	$260.38	111,566	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	09/22/2025		S		1,100(1)	D	$253.85(8)	1,325,609	D
Class A Common Stock	09/22/2025		S		3,200(1)	D	$254.96(9)	1,322,409	D
Class A Common Stock	09/22/2025		S		3,947(1)	D	$256.05(10)	1,318,462	D
Class A Common Stock	09/22/2025		S		8,000(1)	D	$257.05(11)	1,310,462	D
Class A Common Stock	09/22/2025		S		7,500(1)	D	$257.81(12)	1,302,962	D
Class A Common Stock	09/22/2025		S		5,594(1)	D	$259.01(13)	1,297,368	D
Class A Common Stock	09/22/2025		S		1,100(1)	D	$259.82(14)	1,296,268	D
Class A Common Stock	09/22/2025		S		200(1)	D	$261.25(15)	1,296,068	D
Class A Common Stock	09/22/2025		S		100(1)	D	$262.76	1,295,968	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 May 16, 2025.

2. The sales were executed in multiple trades at prices ranging from $253.50 to $254.34. 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 (15) to this Form 4.

3. The sales were executed in multiple trades at prices ranging from $254.79 to $255.78.

4. The sales were executed in multiple trades at prices ranging from $255.90 to $256.89.

5. The sales were executed in multiple trades at prices ranging from $256.92 to $257.91.

6. The sales were executed in multiple trades at prices ranging from $258.00 to $258.95.

7. The sales were executed in multiple trades at prices ranging from $259.05 to $259.80.

8. The sales were executed in multiple trades at prices ranging from $253.50 to $254.39.

9. The sales were executed in multiple trades at prices ranging from $254.51 to $255.46.

10. The sales were executed in multiple trades at prices ranging from $255.52 to $256.51.

11. The sales were executed in multiple trades at prices ranging from $256.52 to $257.49.

12. The sales were executed in multiple trades at prices ranging from $257.54 to $258.53.

13. The sales were executed in multiple trades at prices ranging from $258.56 to $259.56.

14. The sales were executed in multiple trades at prices ranging from $259.63 to $260.34.

15. The sales were executed in multiple trades at prices ranging from $260.95 to $261.55.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	09/24/2025
	** 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

Who filed the Form 4 for Reddit (RDDT)?

The Form 4 was filed on behalf of Jennifer L. Wong, Chief Operating Officer, with the filing signed by an attorney-in-fact on 09/24/2025.

What transactions are reported on the RDDT Form 4 filed here?

Multiple sales of Class A common stock executed on 09/22/2025 in lots ranging from 100 to 8,000 shares, reported with weighted-average prices per lot.

Were the sales part of a pre-arranged trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2025.

How were the shares held after the reported transactions?

The Form 4 lists post-transaction beneficial ownership figures, with many holdings reported indirectly via the MorMa Trust dated June 22, 2021 and various line items showing remaining share counts (examples include 119,533 and 1,295,968).

Are detailed per-trade sale quantities available?

The filing states the reporting person will provide full information regarding the number of shares sold at each separate sale price upon request to the SEC staff, the issuer, or a security holder.