Reddit (NYSE: RDDT) CTO sells 9,500 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. Chief Technology Officer Christopher Brian Slowe reported several equity transactions in Class A Common Stock. He exercised stock options to acquire 7,500 shares at an exercise price of $7.92 per share, then sold a total of 9,500 shares in multiple open‑market trades at prices ranging from about $139 to $144, executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on May 9, 2025.
In addition, Slowe recorded bona fide gifts totaling 4,000 shares, including transfers involving The Slowe Family Trust dated January 26, 2012, with no consideration paid. Following these transactions, he holds 38,413 shares directly and 162,828 shares indirectly through the family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 9,500 shares ($1,342,138)
Net Sell
9 txns
Insider
Slowe Christopher Brian
Role
Chief Technology Officer
Sold
9,500 shs ($1.34M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 7,500 | $0.00 | -- |
| Gift | Class A Common Stock | 2,000 | $0.00 | -- |
| Gift | Class A Common Stock | 2,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,500 | $7.92 | $59K |
| Sale | Class A Common Stock | 600 | $139.56 | $84K |
| Sale | Class A Common Stock | 5,648 | $140.83 | $795K |
| Sale | Class A Common Stock | 1,652 | $141.54 | $234K |
| Sale | Class A Common Stock | 1,100 | $143.00 | $157K |
| Sale | Class A Common Stock | 500 | $143.74 | $72K |
Holdings After Transaction:
Stock Option (Right to Buy) — 81,543 shares (Direct);
Class A Common Stock — 162,828 shares (Indirect, By The Slowe Family Trust dated January 26, 2012);
Class A Common Stock — 40,413 shares (Direct)
Footnotes (1)
- Represents the transfer of shares from The Slowe Family Trust dated January 26, 2012, to the reporting person individually. No consideration was paid in connection with this transfer. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 9, 2025. The sales were executed in multiple trades at prices ranging from $139.08 to $140.03. 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 3 to 7 to this Form 4. The sales were executed in multiple trades at prices ranging from $140.24 to $141.21. The sales were executed in multiple trades at prices ranging from $141.27 to $142.10. The sales were executed in multiple trades at prices ranging from $142.39 to $143.37. The sales were executed in multiple trades at prices ranging from $143.74 to $143.76. The stock option is fully vested and currently exercisable.
FAQ
What did Reddit (RDDT) CTO Christopher Brian Slowe do in this Form 4 filing?
Christopher Brian Slowe reported option exercises, open‑market sales, and gifts of Reddit stock. He exercised 7,500 options, sold 9,500 Class A shares in multiple trades, and made 4,000 shares in bona fide gifts involving personal and family‑trust holdings.
What stock options did Reddit (RDDT) CTO Christopher Slowe exercise?
Slowe exercised stock options covering 7,500 shares of Class A Common Stock. The options had an exercise price of $7.92 per share and were fully vested and currently exercisable, with an original expiration date of May 28, 2029, before exercise.
Were Reddit (RDDT) CTO stock sales made under a Rule 10b5-1 plan?
Yes, the filing states the sales were made under a Rule 10b5‑1 trading plan. A footnote explains that the plan was adopted by the reporting person on May 9, 2025, indicating the sales were pre‑arranged rather than discretionary market‑timed trades.
What gifts of Reddit (RDDT) stock did the CTO report in this Form 4?
The Form 4 reports bona fide gifts totaling 4,000 Class A shares. One 2,000‑share transaction involves The Slowe Family Trust, and another 2,000‑share gift is recorded in the CTO’s direct holdings. A footnote states no consideration was paid for the transfer.