Reddit (NYSE: RDDT) CTO gifts 289,288 shares and retains stake
Rhea-AI Filing Summary
Reddit, Inc. Chief Technology Officer Christopher Brian Slowe reported a mix of option exercises, open-market sales, and large gifts of Class A Common Stock. He exercised stock options covering 7,500 shares at a conversion price of $7.9200 per share, increasing his direct share holdings.
On March 9, 2026, he sold a total of 9,500 shares of Class A Common Stock in multiple open-market transactions at prices ranging from $133.02 to $139.11, under a pre-arranged Rule 10b5-1 trading plan adopted on May 9, 2025. Following these trades, he continued to hold a substantial direct position.
On March 10, 2026, Slowe made bona fide gifts totaling 289,288 shares: 144,644 shares from his direct holdings and 144,644 shares attributed to The Slowe Family Trust dated January 26, 2012. After the gifts, he reports 38,413 shares held directly and 164,828 shares held indirectly through the family trust.
Positive
- None.
Negative
- None.
Insights
Reddit’s CTO exercised options, sold a small block under a 10b5-1 plan, and made large share gifts while retaining a sizable stake.
The filing shows Christopher Brian Slowe, Reddit’s Chief Technology Officer, exercised stock options for 7,500 shares at a conversion price of $7.9200 per share. This is a standard compensation-driven move that increases his common stock exposure before any sales or gifts.
He then sold 9,500 shares of Class A Common Stock on March 9, 2026 in multiple open-market trades, at prices ranging from $133.02 to $139.11. A key detail is that these sales were executed under a Rule 10b5-1 trading plan adopted on May 9, 2025, indicating they were pre-scheduled rather than timed opportunistically.
On March 10, 2026, Slowe completed bona fide gifts totaling 289,288 shares, split evenly between his direct holdings and The Slowe Family Trust dated January 26, 2012. After all transactions, he still reports 38,413 shares directly and 164,828 shares indirectly via the trust, suggesting the activity reflects portfolio and estate planning rather than an exit. The net effect is neutral from a company-fundamentals standpoint.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 144,644 | $0.00 | -- |
| Gift | Class A Common Stock | 144,644 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 7,500 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,500 | $0.00 | -- |
| Sale | Class A Common Stock | 500 | $133.45 | $67K |
| Sale | Class A Common Stock | 2,400 | $134.60 | $323K |
| Sale | Class A Common Stock | 1,830 | $135.52 | $248K |
| Sale | Class A Common Stock | 400 | $136.41 | $55K |
| Sale | Class A Common Stock | 2,600 | $138.12 | $359K |
| Sale | Class A Common Stock | 1,770 | $138.86 | $246K |
Footnotes (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 9, 2025. The sales were executed in multiple trades at prices ranging from $133.02 to $133.95. 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 $134.20 to $135.06. The sales were executed in multiple trades at prices ranging from $135.20 to $136.08. The sales were executed in multiple trades at prices ranging from $136.21 to $136.88. The sales were executed in multiple trades at prices ranging from $137.40 to $138.25. The sales were executed in multiple trades at prices ranging from $138.43 to $139.11. The stock option is fully vested and currently exercisable.
