COO Jennifer Wong of Reddit (NYSE: RDDT) unloads 39K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. Chief Operating Officer Jennifer L. Wong reported multiple open‑market sales of Class A Common Stock. On February 24, 2026, she sold a total of 39,243 shares in a series of transactions under a pre‑arranged Rule 10b5‑1 trading plan adopted on May 16, 2025, at weighted‑average prices in the low‑ to mid‑$140s per share.
After these sales, Wong directly held 1,088,451 Class A shares and an additional 41,658 shares were held indirectly through the MorMa Trust dated June 22, 2021. Separately, on February 20, 2026, 38,141 shares were withheld by the company to cover her tax obligations, which the filing specifies was not a market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 39,243 shares ($5,627,711)
Net Sell
14 txns
Insider
Wong Jennifer L.
Role
Chief Operating Officer
Sold
39,243 shs ($5.63M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 9,710 | $141.82 | $1.38M |
| Sale | Class A Common Stock | 3,106 | $142.57 | $443K |
| Sale | Class A Common Stock | 10,024 | $143.66 | $1.44M |
| Sale | Class A Common Stock | 3,472 | $144.47 | $502K |
| Sale | Class A Common Stock | 2,820 | $145.78 | $411K |
| Sale | Class A Common Stock | 1,545 | $146.64 | $227K |
| Sale | Class A Common Stock | 100 | $147.47 | $15K |
| Sale | Class A Common Stock | 2,388 | $141.82 | $339K |
| Sale | Class A Common Stock | 1,400 | $142.49 | $199K |
| Sale | Class A Common Stock | 2,778 | $143.72 | $399K |
| Sale | Class A Common Stock | 800 | $144.55 | $116K |
| Sale | Class A Common Stock | 800 | $145.88 | $117K |
| Sale | Class A Common Stock | 300 | $146.71 | $44K |
| Tax Withholding | Class A Common Stock | 38,141 | $146.13 | $5.57M |
Holdings After Transaction:
Class A Common Stock — 1,109,518 shares (Direct);
Class A Common Stock — 47,736 shares (Indirect, By MorMa Trust dated June 22, 2021)
Footnotes (1)
- These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale. 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. The sales were executed in multiple trades at prices ranging from $141.13 to $142.10. 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 (3) to (14) to this Form 4. The sales were executed in multiple trades at prices ranging from $142.15 to $143.145. The sales were executed in multiple trades at prices ranging from $143.15 to $144.13. The sales were executed in multiple trades at prices ranging from $144.15 to $145.10. The sales were executed in multiple trades at prices ranging from $145.16 to $146.15. The sales were executed in multiple trades at prices ranging from $146.16 to $147.12. The sales were executed in multiple trades at prices ranging from $141.10 to $142.08. The sales were executed in multiple trades at prices ranging from $142.10 to $143.08. The sales were executed in multiple trades at prices ranging from $143.13 to $144.03. The sales were executed in multiple trades at prices ranging from $144.28 to $144.82. The sales were executed in multiple trades at prices ranging from $145.57 to $146.52. The sales were executed in multiple trades at prices ranging from $146.68 to $146.75.
FAQ
What insider transaction did Reddit (RDDT) COO Jennifer L. Wong report?
Jennifer L. Wong reported selling 39,243 shares of Reddit Class A stock in open‑market transactions on February 24, 2026. The trades were executed under a Rule 10b5‑1 trading plan adopted on May 16, 2025, at prices in the low‑ to mid‑$140s.
What is the MorMa Trust mentioned in Reddit (RDDT) COO Wong’s Form 4?
The Form 4 notes that certain Reddit Class A shares are held indirectly "By MorMa Trust dated June 22, 2021." This trust conducted part of the open‑market sales and held 41,658 shares after the February 24, 2026 transactions, reflecting indirect beneficial ownership associated with Wong.
Was Reddit (RDDT) COO Jennifer L. Wong’s stock sale pre‑planned?
Yes. The filing states that the February 24, 2026 sales were made under a Rule 10b5‑1 trading plan adopted on May 16, 2025. Such plans allow insiders to schedule trades in advance, providing a structured framework for selling shares over time.