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Reddit, Inc. (RDDT) reported that Chief Operating Officer Jennifer L. Wong exercised stock options and sold shares of Class A Common Stock on August 14, 2026 under a Rule 10b5-1 trading plan. She exercised options for 75,000 shares (60,000 at a $5.35 exercise price and 15,000 at a $25.29 exercise price) and sold 75,000 shares in multiple trades at weighted-average prices generally between the mid-$170s and low-$180s per share. Following these transactions, she also reports 36,000 shares held indirectly through the MorMa Trust dated June 22, 2021.
A holder of RDDT common stock filed to sell up to 195,000 shares of common stock, with the transaction tied to an exercise of stock options for cash and listed on the NYSE, with a planned sale date of 08/14/2026. The filer notes that recent sales of RDDT common stock under a Rule 10b5-1 trading plan by Jennifer Wong included three transactions in May, June, and July 2026, each involving about 39,000 shares of common stock.
Reddit, Inc. reported a leadership change in its top legal role. On August 12, 2026, Benjamin Lee informed the company of his intention to step down as Chief Legal Officer and Corporate Secretary, effective September 14, 2026. He will remain an employee through September 25, 2026 to assist with the transition of his responsibilities.
Reddit expects to appoint Paul Cappuccio as its new Chief Legal Officer and Corporate Secretary. The company states that Mr. Cappuccio brings deep leadership experience as a public company general counsel, executive, and board director.
Reddit, Inc. CEO and President Steve Ladd Huffman, through The XYZ Revocable Trust, exercised 18,000 stock options at an exercise price of $25.29 per share into Class A common stock, then sold 18,000 Class A shares in multiple transactions at prices within the ranges detailed in the footnotes, pursuant to a Rule 10b5-1 trading plan adopted on May 19, 2025.
Following the reported option exercise, the trust showed holdings of 1,081,255 options of this grant, and additional indirect Class A share holdings of 68,966, 6,897, and 6,897 shares were disclosed in separate grantor retained annuity trusts for which Huffman is trustee and beneficiary.
Reddit, Inc. delivered strong Q2 2026 results, with revenue of $804.9 million, up 61% year over year, driven mainly by higher ad pricing (about 40%) and a 17% increase in ad impressions. Net income reached $252.8 million, a 31% margin, and Adjusted EBITDA was $342.8 million.
Global engagement rose, as daily active uniques (DAUq) hit 130.3 million, up 18%, and ARPU increased 36% to $6.18, supported by especially strong U.S. ARPU of $11.85. Cash, cash equivalents, and marketable securities totaled $2.8 billion, alongside $494.4 million of unused revolving credit capacity.
Free Cash Flow in the quarter was $260.7 million, and 1.5 million Class A shares were repurchased for $239.6 million under a $1.0 billion authorization. The company also entered an $880.0 million multi-year AWS cloud commitment and faces a UK GDPR penalty notice including a GBP £14.5 million fine under appeal, in addition to ongoing securities litigation.
Reddit, Inc. reported very strong results for the quarter ended June 30, 2026, with revenue of $805 million, up 61% year-over-year. Net income was $253 million, or a 31% net margin, and diluted EPS was $1.25, both more than doubling from a year earlier. Adjusted EBITDA reached $343 million, a 43% margin, and Free Cash Flow was $261 million, while operating cash flow was $262 million, a 33% margin.
Average global daily active uniques grew 18% to 130.3 million, and weekly active uniques rose 24% to 514.6 million. Global ARPU increased 36% to $6.18, supported by 56% U.S. and 84% international revenue growth. Cash, cash equivalents, and marketable securities totaled $2.8 billion. Reddit repurchased 1.5 million Class A shares for $235 million. For Q3 2026, the company estimates revenue of $860–$870 million and Adjusted EBITDA of $385–$395 million.
Reddit, Inc. Chief Operating Officer Jennifer L. Wong reported option exercises and sales of Class A Common Stock on July 15, 2026, pursuant to a Rule 10b5-1 trading plan adopted on May 16, 2025.
She exercised stock options to acquire 39,167 shares at $5.35 per share and sold 39,167 shares in multiple trades at weighted-average prices within ranges such as $190.38 to $190.66 and $206.80 to $206.85. After these transactions, she held 1,050,339 shares directly, 36,000 shares indirectly through the MorMa Trust dated June 22, 2021, and 76,453 stock options.
Reddit, Inc. CEO & President Steve Huffman, reporting through The XYZ Revocable Trust, exercised stock options for 18,000 Class A shares at $25.29 per share on July 15, 2026 and sold 18,000 shares in 12 trades at prices from $190.68 to $205.69, pursuant to a Rule 10b5-1 trading plan adopted on May 19, 2025. Following these transactions, the trust held 373,814 Class A shares and 1,099,255 stock options indirectly for Huffman.
Reddit, Inc. director Sarah E. Farrell reported an award of 126 shares of Class A Common Stock. The shares were acquired in a grant-type transaction at a stated price of $0.00 per share, bringing her directly held position to 9,862 Class A shares.
The filing also notes 61,000 Class A shares held indirectly through Waygrove Partnership LP, described as an indirect partnership interest. Farrell may be deemed to beneficially own those securities through her affiliation with Waygrove but expressly disclaims beneficial ownership of the partnership-held shares.
FILIKRUSHEL PATRICIA reported acquisition or exercise transactions in this Form 4 filing.
Reddit, Inc. director Patricia Filikrushel received an equity award of 122 shares of Class A Common Stock as compensation. The award was recorded at a price of $0.00 per share, indicating a grant or award rather than an open-market purchase. After this transaction, she directly holds 31,755 Class A shares. The footnote explains that these fully vested shares will be settled in Class A Common Stock on a date she selects, or as otherwise provided under Reddit’s Amended and Restated Non-Employee Director Compensation Program.