Director-affiliated fund buys Reddit (RDDT) shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. director Sarah E. Farrell reported an indirect open-market purchase of 10,500 shares of Class A Common Stock at a weighted average price of $132.26 per share. The trades were executed in multiple lots between $131.83 and $132.50.
The shares are owned by Waygrove Partnership LP, a Delaware limited partnership. Farrell is affiliated with Waygrove and may be deemed to beneficially own these securities, but she disclaims beneficial ownership of the shares held by Waygrove. Following the transactions, Waygrove holds 61,000 shares indirectly, and Farrell also holds 7,899 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,500 shares ($1,388,730)
Net Buy
2 txns
Insider
FARRELL SARAH E
Role
Director
Bought
10,500 shs ($1.39M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 10,500 | $132.26 | $1.39M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 61,000 shares (Indirect, Indirect interest in a partnership);
Class A Common Stock — 7,899 shares (Direct)
Footnotes (1)
- The purchases were executed in multiple trades at prices ranging from $131.83 to $132.50. The price reported reflects the weighted average purchase 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 purchase price within the range set forth in this footnote. Waygrove Partnership LP, a Delaware limited partnership ("Waygrove"), owns the securities of the Company set forth on this report. Ms. Farrell, by virtue of her affiliation with Waygrove, may be deemed to beneficially own the securities of the Company owned directly by Waygrove. Ms. Farrell disclaims beneficial ownership of the securities owned by Waygrove, and this report shall not be deemed an admission that Ms. Farrell is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
FAQ
What insider transaction did Reddit (RDDT) disclose for Sarah E. Farrell?
Reddit disclosed an indirect open-market purchase of 10,500 Class A shares linked to director Sarah E. Farrell. The shares were bought through Waygrove Partnership LP at a weighted average price of $132.26 per share, across multiple trades within a narrow price range.