Reddit COO Wong Sells 39,208 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Reddit, Inc. insider Jennifer L. Wong, Chief Operating Officer, reported sales totaling 39,208 shares of Class A common stock on September 22, 2025, in transactions reported as sales in open market or private transactions pursuant to a Rule 10b5-1 trading plan adopted on May 16, 2025. After these sales she reports holdings of 111,566 Class A shares held indirectly through MorMa Trust dated June 22, 2021 and 1,295,968 Class A shares held directly.

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.

Insider Trade Summary

Net Seller: 39,208 shares

Net Sell 16 txns

Insider Wong Jennifer L.

Role Chief Operating Officer

Sold 39,208 shs ($10.09M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	500	$254.01	$127K
Sale	Class A Common Stock	1,000	$255.15	$255K
Sale	Class A Common Stock	1,821	$256.60	$467K
Sale	Class A Common Stock	2,416	$257.40	$622K
Sale	Class A Common Stock	1,743	$258.58	$451K
Sale	Class A Common Stock	887	$259.37	$230K
Sale	Class A Common Stock	100	$260.38	$26K
Sale	Class A Common Stock	1,100	$253.85	$279K
Sale	Class A Common Stock	3,200	$254.96	$816K
Sale	Class A Common Stock	3,947	$256.05	$1.01M
Sale	Class A Common Stock	8,000	$257.05	$2.06M
Sale	Class A Common Stock	7,500	$257.81	$1.93M
Sale	Class A Common Stock	5,594	$259.01	$1.45M
Sale	Class A Common Stock	1,100	$259.82	$286K
Sale	Class A Common Stock	200	$261.25	$52K
Sale	Class A Common Stock	100	$262.76	$26K

Holdings After Transaction: Class A Common Stock — 111,566 shares (Indirect, By MorMa Trust dated June 22, 2021); Class A Common Stock — 1,295,968 shares (Direct)

Footnotes (15)

1. F1. 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. F2. 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. F3. The sales were executed in multiple trades at prices ranging from $254.79 to $255.78.
4. F4. The sales were executed in multiple trades at prices ranging from $255.90 to $256.89.
5. F5. The sales were executed in multiple trades at prices ranging from $256.92 to $257.91.
6. F6. The sales were executed in multiple trades at prices ranging from $258.00 to $258.95.
7. F7. The sales were executed in multiple trades at prices ranging from $259.05 to $259.80.
8. F8. The sales were executed in multiple trades at prices ranging from $253.50 to $254.39.
9. F9. The sales were executed in multiple trades at prices ranging from $254.51 to $255.46.
10. F10. The sales were executed in multiple trades at prices ranging from $255.52 to $256.51.
11. F11. The sales were executed in multiple trades at prices ranging from $256.52 to $257.49.
12. F12. The sales were executed in multiple trades at prices ranging from $257.54 to $258.53.
13. F13. The sales were executed in multiple trades at prices ranging from $258.56 to $259.56.
14. F14. The sales were executed in multiple trades at prices ranging from $259.63 to $260.34.
15. F15. The sales were executed in multiple trades at prices ranging from $260.95 to $261.55.

Key Figures

Shares sold: 39,208 shares Indirect holdings after sale: 111,566 shares Direct holdings after sale: 1,295,968 shares +2 more

5 metrics

Shares sold 39,208 shares Aggregate Class A common stock sold on September 22, 2025

Indirect holdings after sale 111,566 shares Class A common stock held indirectly via MorMa Trust after reported transactions

Direct holdings after sale 1,295,968 shares Class A common stock held directly by Jennifer L. Wong after reported transactions

Trading plan adoption date May 16, 2025 Date Jennifer L. Wong adopted the Rule 10b5-1 trading plan referenced in the footnotes

Example sale price $257.05 per share Reported weighted average sale price for one 8,000-share Class A common stock transaction

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, MorMa Trust

3 terms

Rule 10b5-1 trading plan regulatory

"The sales reported on this Form 4 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.

weighted average sale price financial

"The price reported reflects the weighted average sale price"

MorMa Trust financial

"By MorMa Trust dated June 22, 2021"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Reddit (RDDT) shares did COO Jennifer Wong sell in this Form 4?

Jennifer L. Wong reported selling 39,208 shares of Reddit Class A common stock on September 22, 2025. The transactions include both direct holdings and shares held indirectly through MorMa Trust dated June 22, 2021, all disclosed in this Form 4.

Was Jennifer Wong’s Reddit (RDDT) share sale made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Jennifer L. Wong on May 16, 2025. Such plans predefine trading parameters and are referenced directly in the Form 4 footnotes for these transactions.

What Reddit (RDDT) shares does Jennifer Wong hold after these transactions?

After the reported sales, Jennifer L. Wong holds 111,566 Reddit Class A shares indirectly through MorMa Trust and 1,295,968 Reddit Class A shares directly. These post-transaction balances are explicitly listed as canonical holdings in the disclosure data.

At what prices were Jennifer Wong’s Reddit (RDDT) shares sold?

Each transaction lists a per-share price that the footnotes describe as a weighted average sale price, with trades executed in multiple ranges, including from $253.50 to $254.34 and from $260.95 to $261.55, depending on the specific transaction group.

Did Jennifer Wong sell Reddit (RDDT) shares held directly or via a trust?

She reported selling Reddit Class A shares held both directly and indirectly. Several transactions involve shares held "By MorMa Trust dated June 22, 2021," while others involve shares held in her direct ownership, all on September 22, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/24/2025 - 07:44 PM Learn about SEC filing dates

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).

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.