[Form 4] Reddit, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jennifer L. Wong, Chief Operating Officer of Reddit, Inc. (RDDT), reported multiple sales of Class A common stock under a Rule 10b5-1 trading plan adopted May 16, 2025. The Form 4 lists numerous dispositions on 08/22/2025 and 08/25/2025 at prices reported as weighted averages and in specified price ranges per footnotes. Many sales are shown as indirect holdings by the MorMa Trust dated June 22, 2021, while several later sales are reported as direct holdings. The filing includes the Reporting Person's address in San Francisco and is signed by an attorney-in-fact.

Positive

• None.

Negative

• Substantial insider sales of Class A common stock were executed on 08/22/2025 and 08/25/2025, reducing holdings reported for the Reporting Person.
• Multiple transactions aggregated with only weighted-average prices disclosed; the filer did not provide per-trade quantities in the form (available upon request).

Insights

Corporate Governance Expert

TL;DR: Multiple insider sales under a pre-established 10b5-1 plan suggest planned liquidity, not necessarily new negative information.

The filing documents structured sales by the COO executed pursuant to a Rule 10b5-1 plan adopted May 16, 2025. The transactions are reported across two dates (08/22/2025 and 08/25/2025) and include both indirect (MorMa Trust) and direct dispositions. From a governance perspective, use of a 10b5-1 plan provides affirmative defense to insider trading claims but still represents significant insider liquidity. Materiality depends on the absolute size relative to outstanding shares and prior ownership, which this Form 4 does not quantify beyond per-line post-transaction holdings.

Securities Analyst

TL;DR: Insider executed multiple weighted-average price sales; market impact depends on sale size and timing.

The report lists many individual sales executed at varying price ranges with weighted-average prices disclosed in footnotes. Several disposals are recorded as reducing indirect holdings via MorMa Trust, while later entries show direct holdings sales. The filing discloses that the Reporting Person will provide breakdowns of individual trade quantities by request, indicating aggregated presentation in this Form 4. This is a routine disclosure of insider selling under a prearranged plan; absent accompanying operational or financial disclosures, the impact on valuation is likely neutral.

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).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
08/22/2025

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	08/22/2025		S		3,302(1)	D	$215.12(2)	157,698	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		3,584(1)	D	$216.16(3)	154,114	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		6,546(1)	D	$217.27(4)	147,568	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		9,420(1)	D	$218.14(5)	138,148	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		3,386(1)	D	$219.05(6)	134,762	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		1,400(1)	D	$220.56(7)	133,362	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		801(1)	D	$221.31(8)	132,561	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		1,200(1)	D	$222.36(9)	131,361	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		436(1)	D	$223.65(10)	130,925	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		2,515(1)	D	$224.84(11)	128,410	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		1,620(1)	D	$225.88(12)	126,790	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		2,300(1)	D	$226.95(13)	124,490	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		1,456(1)	D	$228.22(14)	123,034	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		2,180(1)	D	$229.17(15)	120,854	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/22/2025		S		821(1)	D	$229.73(16)	120,033	I	By MorMa Trust dated June 22, 2021
Class A Common Stock	08/25/2025		S		200(1)	D	$213.88(17)	1,357,315	D
Class A Common Stock	08/25/2025		S		1,501(1)	D	$215.66(18)	1,355,814	D
Class A Common Stock	08/25/2025		S		7,236(1)	D	$216.56(19)	1,348,578	D
Class A Common Stock	08/25/2025		S		5,402(1)	D	$217.36(20)	1,343,176	D
Class A Common Stock	08/25/2025		S		2,055(1)	D	$218.48(21)	1,341,121	D
Class A Common Stock	08/25/2025		S		5,209(1)	D	$219.57(22)	1,335,912	D
Class A Common Stock	08/25/2025		S		5,503(1)	D	$220.16(23)	1,330,409	D
Class A Common Stock	08/25/2025		S		2,200(1)	D	$221.61(24)	1,328,209	D
Class A Common Stock	08/25/2025		S		1,500(1)	D	$222.13(25)	1,326,709	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 $214.63 to $215.61. 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 (25) to this Form 4.

3. The sales were executed in multiple trades at prices ranging from $215.64 to $216.58.

4. The sales were executed in multiple trades at prices ranging from $216.67 to $217.66.

5. The sales were executed in multiple trades at prices ranging from $217.67 to $218.66.

6. The sales were executed in multiple trades at prices ranging from $218.68 to $219.65.

7. The sales were executed in multiple trades at prices ranging from $220.00 to $220.89.

8. The sales were executed in multiple trades at prices ranging from $221.02 to $221.64.

9. The sales were executed in multiple trades at prices ranging from $222.09 to $222.90.

10. The sales were executed in multiple trades at prices ranging from $223.29 to $224.00.

11. The sales were executed in multiple trades at prices ranging from $224.38 to $225.19.

12. The sales were executed in multiple trades at prices ranging from $225.39 to $226.38.

13. The sales were executed in multiple trades at prices ranging from $226.39 to $227.36.

14. The sales were executed in multiple trades at prices ranging from $227.57 to $228.56.

15. The sales were executed in multiple trades at prices ranging from $228.57 to $229.55.

16. The sales were executed in multiple trades at prices ranging from $229.59 to $229.92.

17. The sales were executed in multiple trades at prices ranging from $213.41 to $214.35.

18. The sales were executed in multiple trades at prices ranging from $214.91 to $215.90.

19. The sales were executed in multiple trades at prices ranging from $215.91 to $216.90.

20. The sales were executed in multiple trades at prices ranging from $216.92 to $217.91.

21. The sales were executed in multiple trades at prices ranging from $217.95 to $218.94.

22. The sales were executed in multiple trades at prices ranging from $218.95 to $219.94.

23. The sales were executed in multiple trades at prices ranging from $219.96 to $220.76.

24. The sales were executed in multiple trades at prices ranging from $220.99 to $221.96.

25. The sales were executed in multiple trades at prices ranging from $222.00 to $222.36.

Remarks:

	/s/ Julie Rogers, Attorney-in-Fact	08/26/2025
	** 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.

FAQ

Who filed the Form 4 for Reddit, Inc. (RDDT)?

The Form 4 was filed on behalf of Jennifer L. Wong, Chief Operating Officer of Reddit, Inc., with transactions signed by an attorney-in-fact.

Were the insider trades executed under a trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025.

On which dates were the transactions reported?

The reported transactions occurred on 08/22/2025 and 08/25/2025.

How were the shares held before sale?

Many of the disposals are reported as indirectly held by the MorMa Trust dated June 22, 2021; several later sales are reported as direct holdings.

What prices were the shares sold at?

The Form 4 discloses weighted-average prices and footnote ranges; for example, weighted-average sale prices include $215.12, $216.16, $217.27, and other amounts with specified trade-price ranges in footnotes.