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Reddit insider Form 4 shows Rule 10b5-1 sales and tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Reddit, Inc. (RDDT) disclosed insider transactions by its Chief Legal Officer on Form 4. On 11/20/2025, 9,405 shares of Class A common stock were withheld by the company to cover the officer’s tax obligations at a price of $187.78 per share, which the filing notes was not a market sale. On 11/24/2025, the officer sold several blocks of Class A shares, including trades of 200, 100, 100, 1,500, 1,900, 800 and 1,367 shares at weighted average prices ranging from $186.46 to $195.45 per share, executed in multiple trades within specified price ranges.

The filing states that these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2024. After these transactions, the officer beneficially owned 67,613 shares of Reddit Class A common stock directly.

Positive

  • None.

Negative

  • None.
Insider Lee Benjamin Seong
Role Chief Legal Officer
Sold 6,427 shs ($1.24M)
Type Security Shares Price Value
Sale Class A Common Stock 200 $186.46 $37K
Sale Class A Common Stock 100 $187.63 $19K
Sale Class A Common Stock 100 $188.91 $19K
Sale Class A Common Stock 1,500 $191.29 $287K
Sale Class A Common Stock 1,900 $192.49 $366K
Sale Class A Common Stock 800 $193.38 $155K
Sale Class A Common Stock 1,367 $194.67 $266K
Sale Class A Common Stock 460 $195.45 $90K
Tax Withholding Class A Common Stock 9,405 $187.78 $1.77M
Holdings After Transaction: Class A Common Stock — 73,840 shares (Direct)
Footnotes (1)
  1. These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024. The sales were executed in multiple trades at prices ranging from $186.44 to $186.48. 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 (8) to this Form 4. The sales were executed in multiple trades at prices ranging from $190.92 to $191.91. The sales were executed in multiple trades at prices ranging from $192.17 to $193.13. The sales were executed in multiple trades at prices ranging from $193.18 to $193.73. The sales were executed in multiple trades at prices ranging from $194.18 to $195.00. The sales were executed in multiple trades at prices ranging from $195.26 to $195.67.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lee Benjamin Seong
(Last) (First) (Middle)
C/O REDDIT, INC.
303 2ND STREET, SOUTH TOWER, 5TH FLOOR
(Street)
SAN FRANCISCO CA 94107
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [ RDDT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/20/2025 F 9,405(1) D $187.78 74,040 D
Class A Common Stock 11/24/2025 S 200(2) D $186.46(3) 73,840 D
Class A Common Stock 11/24/2025 S 100(2) D $187.63 73,740 D
Class A Common Stock 11/24/2025 S 100(2) D $188.91 73,640 D
Class A Common Stock 11/24/2025 S 1,500(2) D $191.29(4) 72,140 D
Class A Common Stock 11/24/2025 S 1,900(2) D $192.49(5) 70,240 D
Class A Common Stock 11/24/2025 S 800(2) D $193.38(6) 69,440 D
Class A Common Stock 11/24/2025 S 1,367(2) D $194.67(7) 68,073 D
Class A Common Stock 11/24/2025 S 460(2) D $195.45(8) 67,613 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Not a market sale.
2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024.
3. The sales were executed in multiple trades at prices ranging from $186.44 to $186.48. 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 (8) to this Form 4.
4. The sales were executed in multiple trades at prices ranging from $190.92 to $191.91.
5. The sales were executed in multiple trades at prices ranging from $192.17 to $193.13.
6. The sales were executed in multiple trades at prices ranging from $193.18 to $193.73.
7. The sales were executed in multiple trades at prices ranging from $194.18 to $195.00.
8. The sales were executed in multiple trades at prices ranging from $195.26 to $195.67.
Remarks:
/s/ Julie Rogers, Attorney-in-Fact 11/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Reddit (RDDT) report in this Form 4?

The Form 4 reports transactions by Reddit’s Chief Legal Officer, including tax withholding of 9,405 Class A shares on 11/20/2025 and multiple open-market sales of Class A common stock on 11/24/2025 at various prices.

How many Reddit (RDDT) shares does the reporting person own after these transactions?

After completing the reported transactions, the Chief Legal Officer beneficially owned 67,613 shares of Reddit Class A common stock directly.

Were the Reddit (RDDT) insider sales made under a Rule 10b5-1 plan?

Yes. The filing states that the sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2024.

What was the purpose of the 9,405 Reddit (RDDT) shares withheld on 11/20/2025?

The 9,405 shares withheld on 11/20/2025 were retained by the company to satisfy the reporting person’s tax withholding obligations, and the filing specifies that this was not a market sale.

At what prices were the Reddit (RDDT) shares sold on 11/24/2025?

The shares sold on 11/24/2025 were executed in multiple trades, with weighted average sale prices such as $186.46, $187.63, $188.91, $191.29, $192.49, $193.38, $194.67, and $195.45 per share, each within stated price ranges.

What is the relationship of the reporting person to Reddit (RDDT)?

The reporting person is an officer of Reddit, Inc., serving as the company’s Chief Legal Officer, and the Form 4 is filed by one reporting person.