Fidelity-affiliated investor FMR LLC and Abigail P. Johnson report beneficial ownership of 4,422,186 shares of Reddit, Inc. Class A common stock, representing 2.3% of the Class A shares. The figure includes 1,505,726 shares of Class B common stock held by Fidelity-advised funds that are convertible on a 1:1 basis; assuming full conversion, the reported position would equal 2.3148% of outstanding Class A common stock.
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Insights
Fidelity reports a minority, non-control stake in Reddit (2.3% reported).
FMR LLC and Abigail P. Johnson disclose beneficial ownership of 4,422,186 Class A shares, including convertible Class B holdings of 1,505,726 shares. The conversion assumption (1:1) is explicitly stated and yields a 2.3148% stake on an as-converted basis.
This holding falls under the 5% reporting threshold; cash-flow treatment and any plans to transact are not disclosed in the excerpt. Subsequent filings would show changes to position or voting power.
Key Figures
Beneficial ownership:4,422,186 sharesPercent of class:2.3%Class B included:1,505,726 shares+1 more
4 metrics
Beneficial ownership4,422,186 sharesClass A common stock reported as beneficially owned
Percent of class2.3%Percent of outstanding Class A common stock reported
Class B included1,505,726 sharesClass B common stock held by Fidelity-advised funds, convertible 1:1
As-converted percent2.3148%Assuming conversion of all outstanding Class B shares into Class A
Key Terms
Class B Common Stock, Beneficially owned, Schedule 13G/A, Sole Dispositive Power
4 terms
Class B Common Stockfinancial
"direct ownership of 1,505,726 shares of Class B Common Stock of REDDIT INC"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Beneficially ownedregulatory
"Amount beneficially owned: 4,422,186"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Schedule 13G/Aregulatory
"Item 1. (a) Name of issuer: Reddit, Inc."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Sole Dispositive Powerfinancial
"Sole Dispositive Power 4,422,186.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 7)
Reddit, Inc.
(Name of Issuer)
CLASS A COMMON STOCK
(Title of Class of Securities)
75734B100
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
75734B100
1
Names of Reporting Persons
FMR LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,313,335.21
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,422,186.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,422,186.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
75734B100
1
Names of Reporting Persons
Abigail P. Johnson
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,422,186.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,422,186.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Reddit, Inc.
(b)
Address of issuer's principal executive offices:
303 2ND STREET, SOUTH TOWER, 5TH FLOOR, SAN FRANCISCO, CALIFORNIA, 94104.
Item 2.
(a)
Name of person filing:
FMR LLC
(b)
Address or principal business office or, if none, residence:
245 Summer Street, Boston, Massachusetts 02210
(c)
Citizenship:
Not applicable
(d)
Title of class of securities:
CLASS A COMMON STOCK
(e)
CUSIP No.:
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
4,422,186*
*1,505,726 of the shares of Class A Common Stock of REDDIT INC
reported as being beneficially owned by the reporting persons at
March 31, 2026, are included in this Schedule 13G because the
Reporting persons are deemed to beneficially own such shares as a
result of the direct ownership of 1,505,726 shares of Class B Common
Stock of REDDIT INC by investment companies advised by
Fidelity Management & Research Company LLC, FIAM LLC,
Fidelity Management Trust Company, Fidelity Diversifying Solutions LLC,
FMR Investment Management (UK) Limited, and Strategic Advisers LLC,
an indirect wholly-owned subsidiary of FMR LLC as of
such date, which shares of Class B Common Stock are convertible
into shares of Class A Common Stock at the election of the holder at
an exchange rate of 1:1. Such shares of Class B Common Stock
represent 2.9302% of the outstanding Class B Common Stock.
Assuming the conversion of all outstanding shares of Class B
Common Stock into Class A Common Stock, the 4,422,186
shares of Class A Common Stock reported as being beneficially
owned by the reporting persons in this Schedule 13G would
represent 2.3148% of the outstanding Class A Common Stock.
(b)
Percent of class:
2.3 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Please see the responses to Items 5 and 6 on the cover page
(ii) Shared power to vote or to direct the vote:
0.00
(iii) Sole power to dispose or to direct the disposition of:
4,422,186*
*1,505,726 of the shares of Class A Common Stock of REDDIT INC
reported as being beneficially owned by the reporting persons at
March 31, 2026, are included in this Schedule 13G because the
Reporting persons are deemed to beneficially own such shares as a
result of the direct ownership of 1,505,726 shares of Class B Common
Stock of REDDIT INC by investment companies advised by
Fidelity Management & Research Company LLC, FIAM LLC,
Fidelity Management Trust Company, Fidelity Diversifying Solutions LLC,
FMR Investment Management (UK) Limited, and Strategic Advisers LLC,
an indirect wholly-owned subsidiary of FMR LLC as of
such date, which shares of Class B Common Stock are convertible
into shares of Class A Common Stock at the election of the holder at
an exchange rate of 1:1. Such shares of Class B Common Stock
represent 2.9302% of the outstanding Class B Common Stock.
Assuming the conversion of all outstanding shares of Class B
Common Stock into Class A Common Stock, the 4,422,186
shares of Class A Common Stock reported as being beneficially
owned by the reporting persons in this Schedule 13G would
represent 2.3148% of the outstanding Class A Common Stock.
(iv) Shared power to dispose or to direct the disposition of:
0.00
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of REDDIT INC. No one other person's interest in the CLASS A COMMON STOCK of REDDIT INC is more than five percent of the total outstanding CLASS A COMMON STOCK.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See attached Exhibit 99.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable.
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not applicable.
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
FMR LLC
Signature:
Stephanie J. Brown
Name/Title:
Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:
04/06/2026
Abigail P. Johnson
Signature:
Stephanie J. Brown
Name/Title:
Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson**
Date:
04/06/2026
Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.
FMR LLC reports beneficial ownership of 4,422,186 Class A shares, equal to 2.3% of Class A common stock. This total includes convertible Class B shares held by Fidelity-advised funds that convert 1:1 into Class A shares.
How many Class B shares are included in FMR's reported position?
1,505,726 shares of Class B common stock are included in the reported total. Those Class B shares are convertible at a 1:1 exchange rate into Class A shares and are counted for beneficial ownership purposes.
What percentage would FMR hold if Class B shares converted to Class A?
Assuming conversion of the referenced Class B shares, the filing states the position would represent 2.3148% of the outstanding Class A common stock. The filing provides this as the as-converted percentage.
Does FMR have voting or dispositive power over these shares?
The filing shows sole dispositive power for 4,422,186 shares and sole voting power reported on the cover page. Shared voting/dispositive power is listed as 0.00 in the excerpt.
Is this a controlling stake or over 5% of Reddit stock?
No. The filing is classified under "Ownership of 5 Percent or Less of a Class" and reports a 2.3% beneficial ownership of Class A shares, which is below the 5% threshold for control reporting.
