Reddit (NYSE: RDDT) director receives 123 Class A shares as award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FARRELL SARAH E reported acquisition or exercise transactions in this Form 4 filing.
Reddit, Inc. director Sarah E. Farrell received a grant of 123 shares of Class A Common Stock on April 5, 2026. The shares were awarded at no cost per share and increased her direct holdings to 8,022 Class A shares. She is also reported with an indirect interest in 61,000 Class A shares held by Waygrove Partnership LP, although she disclaims beneficial ownership of those partnership-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FARRELL SARAH E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 123 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 8,022 shares (Direct);
Class A Common Stock — 61,000 shares (Indirect, Indirect interest in a partnership)
Footnotes (1)
- Ms. Farrell disclaims beneficial ownership of the securities owned by Waygrove, and this report shall not be deemed an admission that Ms. Farrell is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. Waygrove Partnership LP., a Delaware limited partnership ("Waygrove"), owns the securities of the Company set forth on this report. Ms. Farrell, by virtue of her affiliation with Waygrove, may be deemed to beneficially own the securities of the Company owned directly by Waygrove.
Key Figures
Stock grant: 123 shares
Grant price: $0.0000 per share
Direct holdings after grant: 8,022 shares
+1 more
4 metrics
Stock grant
123 shares
Class A Common Stock grant on April 5, 2026
Grant price
$0.0000 per share
Equity award, not open-market trade
Direct holdings after grant
8,022 shares
Class A Common Stock directly owned after transaction
Indirect partnership holdings
61,000 shares
Class A Common Stock held by Waygrove Partnership LP
Key Terms
Grant, award, or other acquisition, beneficial ownership, Indirect interest in a partnership, Section 16, +1 more
5 terms
Grant, award, or other acquisition financial
"Transaction code description: Grant, award, or other acquisition"
beneficial ownership financial
"Ms. Farrell disclaims beneficial ownership of the securities owned by Waygrove"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Indirect interest in a partnership financial
"nature_of_ownership: Indirect interest in a partnership"
Section 16 regulatory
"deemed an admission that Ms. Farrell is the beneficial owner ... for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Class A Common Stock financial
"security_title: 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.
FAQ
What insider transaction did Reddit (RDDT) director Sarah Farrell report?
Sarah Farrell reported receiving a grant of 123 shares of Reddit Class A Common Stock. The award was recorded at a price of $0.0000 per share, reflecting a stock-based compensation grant rather than an open-market purchase or sale.
What is the indirect Reddit (RDDT) ownership reported through Waygrove Partnership LP?
The filing shows an indirect holding of 61,000 Reddit Class A shares through Waygrove Partnership LP. Farrell may be deemed to beneficially own these due to her affiliation with Waygrove, but she formally disclaims beneficial ownership of those partnership-held shares.