[SCHEDULE 13G] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Baillie Gifford & Co, a UK-based investment adviser, filed a Schedule 13G reporting a passive ownership of 6,482,328 ordinary shares of Reddit, Inc. (RDDT) as of 30 Jun 2025. The holding represents 5.01 % of Reddit’s outstanding shares, crossing the SEC’s 5 % disclosure threshold.

The firm holds sole voting power over 2,951,791 shares and sole dispositive power over the full 6,482,328 shares; there is no shared voting or dispositive power. Baillie Gifford states the shares are held in the ordinary course of business on behalf of advisory clients and not to influence control of the issuer. The filing is made under Rule 13d-1(b) with classification “IA” (Investment Adviser). Signature date is 08 Aug 2025.

This disclosure signals additional institutional support for Reddit shortly after its IPO, but the limited voting authority relative to total dispositive power suggests the position is largely custodial for client accounts rather than an activist stake.

Positive

• Respected institutional investor Baillie Gifford disclosed a 5.01 % stake, potentially supporting market confidence in RDDT.
• Full sole dispositive power over 6.48 M shares gives the investor flexibility to increase the position, signaling continued interest.

Negative

• Baillie Gifford has voting rights on only 2.95 M of its 6.48 M shares, limiting its influence on shareholder decisions.

Insights

Portfolio Manager

TL;DR: Baillie Gifford quietly amassed a 5% passive stake, adding long-term institutional backing but no control intent.

Baillie Gifford’s 6.48 M-share position introduces a respected long-horizon growth investor to Reddit’s register. At ~5 % of float, the stake is large enough to matter for liquidity and perception, yet declared passive, reducing governance impact. Sole dispositive power over the full position indicates Baillie Gifford can exit or add flexibly, while voting authority over only 2.95 M shares reflects client account structures. For shareholders, this expands institutional ownership—a potential positive for valuation stability—but does not alter strategic control. I view the impact as modestly positive.

Corporate Governance Analyst

TL;DR: Disclosure meets regulatory threshold; no governance change anticipated.

The Schedule 13G classifies Baillie Gifford as an investment adviser (Rule 13d-1(b)), confirming the stake is passive. The certification explicitly disclaims any intent to influence control, and there is no group formation. Voting power over less than half the shares limits board influence. Therefore, from a governance standpoint, the filing is neutral; it simply enhances transparency of Reddit’s ownership structure with no foreseeable strategic repercussions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Reddit, Inc.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

75734B100

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 75734B100

1

Names of Reporting Persons

BAILLIE GIFFORD & CO

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 KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,951,791.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,482,328.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,482,328.00

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)

5.0 %

12

Type of Reporting Person (See Instructions)

IA

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: Baillie Gifford & Co
(b)	Address or principal business office or, if none, residence: Calton Square 1 Greenside Row Edinburgh EH1 3AN Scotland UK
(c)	Citizenship: Scotland
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: 75734B100
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).
	Investment Adviser
Item 4.	Ownership
(a)	Amount beneficially owned: 6,482,328
(b)	Percent of class: 5.01 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,951,791
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6,482,328
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	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. Securities reported on this Schedule 13G as being beneficially owned by Baillie Gifford & Co. are held by Baillie Gifford & Co. and/or one or more of its investment adviser subsidiaries, which may include Baillie Gifford Overseas Limited, on behalf of investment advisory clients, which may include investment companies registered under the Investment Company Act, employee benefit plans, pension funds or other institutional clients.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	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.

BAILLIE GIFFORD & CO

Signature:	Grant Meikle
Name/Title:	Manager
Date:	08/08/2025

FAQ

How many Reddit (RDDT) shares does Baillie Gifford own?

The Schedule 13G reports 6,482,328 ordinary shares beneficially owned.

What percentage of Reddit’s outstanding shares does this represent?

Baillie Gifford’s holding equals 5.01 % of Reddit’s ordinary shares.

Is Baillie Gifford seeking control of Reddit?

No. The filing is a passive Schedule 13G; the certification states no intent to influence control.

What is the difference between voting and dispositive power in this filing?

Baillie Gifford can vote 2,951,791 shares but has sale/disposition power over all 6,482,328 shares, typical for client-held assets.

Why was the filing made now?

Crossing the 5 % ownership threshold as of 30 Jun 2025 triggered the SEC’s disclosure requirement under Rule 13d-1.