Reddit CTO exercises options and reports 24K RDDT share sales
Rhea-AI Filing Summary
Reddit, Inc. (RDDT) reported insider activity by its Chief Technology Officer on a Form 4. On 11/20/2025, 14,840 shares of Class A common stock were withheld by the company at $187.78 per share to cover tax obligations, which is not a market sale. On 11/24/2025, a stock option for 12,000 shares of Class B common stock with a $1.93 exercise price was exercised and converted into 12,000 shares of Class A common stock at $0 reported price.
That same day, the CTO sold a total of 24,000 Class A shares in multiple trades under a Rule 10b5‑1 trading plan at weighted average prices ranging from about $186 to $196 per share. After these transactions, the officer directly owned 175,694 Class A shares and indirectly owned 20,184 Class A shares through The Slowe Family Trust dated January 26, 2012, along with 57,464 derivative securities (stock options) on Class B common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 12,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 12,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 12,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 12,000 | $0.00 | -- |
| Sale | Class A Common Stock | 700 | $186.35 | $130K |
| Sale | Class A Common Stock | 400 | $189.06 | $76K |
| Sale | Class A Common Stock | 695 | $190.26 | $132K |
| Sale | Class A Common Stock | 5,109 | $191.32 | $977K |
| Sale | Class A Common Stock | 6,283 | $192.36 | $1.21M |
| Sale | Class A Common Stock | 4,052 | $193.35 | $783K |
| Sale | Class A Common Stock | 2,486 | $194.35 | $483K |
| Sale | Class A Common Stock | 4,275 | $195.15 | $834K |
| Tax Withholding | Class A Common Stock | 14,840 | $187.78 | $2.79M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (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 May 9, 2025. The sales were executed in multiple trades at prices ranging from $186.10 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 (10) to this Form 4. The sales were executed in multiple trades at prices ranging from $188.68 to $189.59. The sales were executed in multiple trades at prices ranging from $189.82 to $190.81. The sales were executed in multiple trades at prices ranging from $190.83 to $191.81. The sales were executed in multiple trades at prices ranging from $191.83 to $192.82. The sales were executed in multiple trades at prices ranging from $192.83 to $193.82. The sales were executed in multiple trades at prices ranging from $193.87 to $194.82. The sales were executed in multiple trades at prices ranging from $194.87 to $195.67. The stock option is fully vested and currently exercisable. The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis.
FAQ
What insider transaction did Reddit (RDDT) report in this Form 4?
The filing reports transactions by Reddit's Chief Technology Officer, including tax withholding on shares, the exercise and conversion of 12,000 Class B stock options into Class A shares, and the sale of 24,000 Class A shares on 11/24/2025.
What stock option activity did Reddit's CTO report?
The CTO exercised a stock option for 12,000 shares of Class B common stock at an exercise price of $1.93 per share on 11/24/2025. The Class B shares are convertible into Class A common stock on a one‑to‑one basis, and 12,000 Class A shares were reported as acquired at $0 price.
Were the Reddit (RDDT) insider sales under a Rule 10b5-1 plan?
Yes. The filing states that the sales reported were effected pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on May 9, 2025.