[SCHEDULE 13G] Reddit, Inc. SEC Filing

Rhea-AI Filing Summary

Baillie Gifford & Co (BG&Co), a U.K.–based investment adviser, has filed a Schedule 13G disclosing a passive stake in Reddit, Inc. (RDDT) as of 30 June 2025.

• Beneficial ownership: 1,938,638 ordinary shares, equal to 4.24 % of Reddit’s outstanding class.
• Sole voting power: 1,804,055 shares; sole dispositive power: 1,938,638 shares. No shared voting or dispositive power reported.
• The filer classifies itself as an Investment Adviser (Rule 13d-1(b)(1)(ii)(E)) and certifies the shares are held in the ordinary course of business with no intent to influence control.
• Because the stake is below the 5 % threshold, Item 5 confirms “ownership of 5 percent or less of a class.”
• No group membership, subsidiaries, or control-oriented activities are disclosed.

The filing signals continuing institutional interest in Reddit following its 2024 IPO, but the position is non-controlling and passive; hence immediate governance or strategic impact appears limited.

Positive

• Institutional endorsement: Baillie Gifford’s 4.24 % passive stake may enhance market confidence in RDDT.

Negative

• None.

Insights

Institutional Ownership Analyst

TL;DR: Passive 4.24 % Reddit stake by BG&Co adds institutional support but has limited control implications—overall neutral impact.

Baillie Gifford’s disclosure places it among Reddit’s notable holders, but the sub-5 % holding avoids reporting thresholds that might suggest activism. Sole voting/dispositive authority indicates internal management of shares, not client-directed. The filing reassures markets that the stake is purely investment-driven. While institutional sponsorship can bolster credibility and liquidity, the size is not large enough to materially sway shareholder votes or strategy. I view the information as informative yet not market-moving.

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 1,804,055.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,938,698.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,938,698.00

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)

4.2 %

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: 1,938,638
(b)	Percent of class: 4.24 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,804,055
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,938,638
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	Not Applicable
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?

Baillie Gifford & Co reports 1,938,638 ordinary shares.

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

The stake equals 4.24 % of Reddit’s ordinary shares.

Does Baillie Gifford have voting control over its Reddit shares?

Yes, it holds sole voting power over 1,804,055 shares and no shared voting power.

Is Baillie Gifford’s filing indicative of an activist position?

No. The Schedule 13G and accompanying certification state the shares are held in the ordinary course of business with no intent to influence control.

What is the filing date and event date for this Schedule 13G?

The event triggering the filing is 30 June 2025; the signature date is 08 Aug 2025.