CEO & President Huffman Steve Ladd converted options into 18,000 shares and sold $2,391,428 worth of shares (18,000 units at $132.86) (SEC Form 4)
$RDDT
EDP Services
Technology
| 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 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [ RDDT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/13/2026 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 03/13/2026 | M | 18,000(1) | A | $0 | 429,195 | I | By The XYZ Revocable Trust | ||
| Class A Common Stock | 03/13/2026 | S | 11,100(1) | D | $132.01(2) | 418,095 | I | By The XYZ Revocable Trust | ||
| Class A Common Stock | 03/13/2026 | S | 3,000(1) | D | $132.72(3) | 415,095 | I | By The XYZ Revocable Trust | ||
| Class A Common Stock | 03/13/2026 | S | 900(1) | D | $134.29(4) | 414,195 | I | By The XYZ Revocable Trust | ||
| Class A Common Stock | 03/13/2026 | S | 1,600(1) | D | $135.26(5) | 412,595 | I | By The XYZ Revocable Trust | ||
| Class A Common Stock | 03/13/2026 | S | 1,400(1) | D | $136.2(6) | 411,195(7) | I | By The XYZ Revocable Trust | ||
| Class A Common Stock | 68,966(7) | I | EVS Trust - I(8) | |||||||
| Class A Common Stock | 6,897(7) | I | MLH Trust - I(8) | |||||||
| Class A Common Stock | 6,897(7) | I | JDI Trust - I(8) | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Stock Option (Right to Buy) | $25.29 | 03/13/2026 | M | 18,000(1) | (9) | 12/25/2033 | Class A Common Stock | 18,000 | $0 | 1,243,255 | I | By The XYZ Revocable Trust | |||
| Explanation of Responses: |
| 1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2025. |
| 2. The sales were executed in multiple trades at prices ranging from $131.38 to $132.37. 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 (2) to (6) to this Form 4. |
| 3. The sales were executed in multiple trades at prices ranging from $132.38 to $133.35. |
| 4. The sales were executed in multiple trades at prices ranging from $133.70 to $134.62. |
| 5. The sales were executed in multiple trades at prices ranging from $134.76 to $135.75. |
| 6. The sales were executed in multiple trades at prices ranging from $135.80 to $136.57. |
| 7. For clarity, the Reporting Person previously effected the indirect transfer of an aggregate of 82,760 shares of the Issuer's Class A Common Stock from The XYZ Revocable Trust to the EVS Trust - I, the JDI Trust - I, and the MLH Trust - I, in transactions exempt from reporting under Section 16 of the Exchange Act of 1934, as amended, pursuant to Rule 16a-13 thereof. For avoidance of doubt, the totals reported in Column 5 of Table I reflect beneficial ownership after such transfers. |
| 8. The reported securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary. |
| 9. The option vests over five years on each quarterly anniversary of December 25, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date. |
| Remarks: |
| /s/ Julie Rogers, Attorney-in-Fact | 03/17/2026 | |
| ** 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. | ||