Reddit (RDDT) COO Jennifer Wong has shares withheld to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. Chief Operating Officer Jennifer L. Wong reported a routine tax-withholding share disposition and updated her holdings in Class A Common Stock. On May 20, 2026, 38,112 shares were withheld at $154.88 per share to satisfy tax withholding obligations, which the footnote clarifies was not a market sale.
After this transaction, Wong directly holds 1,050,339 Class A Common Stock shares. A separate entry shows 36,000 Class A shares held indirectly through the MorMa Trust dated June 22, 2021, reflecting additional trust-held ownership associated with her.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wong Jennifer L.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 38,112 | $154.88 | $5.90M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,050,339 shares (Direct, null);
Class A Common Stock — 36,000 shares (Indirect, By MorMa Trust dated June 22, 2021)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 38,112 shares
Withholding price: $154.88 per share
Direct holdings after transaction: 1,050,339 shares
+1 more
4 metrics
Tax-withheld shares
38,112 shares
Class A Common Stock withheld for tax obligations on May 20, 2026
Withholding price
$154.88 per share
Price used for tax-withholding disposition of Class A shares
Direct holdings after transaction
1,050,339 shares
Direct Class A Common Stock held by Jennifer L. Wong
Indirect trust holdings
36,000 shares
Class A Common Stock held by MorMa Trust dated June 22, 2021
Key Terms
Class A Common Stock, tax-withholding disposition, indirect ownership, MorMa Trust dated June 22, 2021
4 terms
Class A Common Stock financial
"reported a routine tax-withholding share disposition and updated her holdings in Class A Common Stock."
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition", "transaction_code_description""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
"A separate entry shows 36,000 Class A shares held indirectly through the MorMa Trust"
MorMa Trust dated June 22, 2021 financial
"held indirectly through the MorMa Trust dated June 22, 2021"
FAQ
What did Reddit (RDDT) COO Jennifer L. Wong report in this Form 4?
Jennifer L. Wong reported a tax-related share disposition and updated holdings in Reddit Class A Common Stock. Shares were withheld by the company to cover tax obligations, and her direct and indirect post-transaction share positions are disclosed in detail.
Was Jennifer Wong’s Reddit (RDDT) transaction an open-market sale?
No, it was not an open-market sale. The filing explains that 38,112 shares were withheld by Reddit to satisfy Jennifer Wong’s tax withholding obligations, and the footnote explicitly describes this as not being a market sale of shares.
What is the MorMa Trust mentioned in Jennifer Wong’s Reddit (RDDT) filing?
The MorMa Trust dated June 22, 2021 is listed as holding 36,000 Reddit Class A shares indirectly for Jennifer Wong. This indicates an indirect ownership arrangement, separate from Wong’s directly held 1,050,339 Class A Common Stock shares.