Reddit Inc.

11/19/2024 | Press release | Distributed by Public on 11/19/2024 19:19

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Huffman Steve Ladd
2. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [RDDT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO & President
(Last) (First) (Middle)
C/O REDDIT, INC., 303 2ND STREET, SOUTH TOWER, 5TH FLOOR 		3. Date of Earliest Transaction (Month/Day/Year)
11/15/2024
(Street)
SAN FRANCISCO, CA 94107 		4. If Amendment, Date 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
(City) (State) (Zip)
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 11/15/2024 C 14,000 A $ 0 665,775 D
Class A Common Stock 11/15/2024 S 2,000(1) D $124.04(2) 663,775 D
Class A Common Stock 11/15/2024 S 5,710(1) D $124.68(3) 658,065 D
Class A Common Stock 11/15/2024 S 2,000(1) D $126.23(4) 656,065 D
Class A Common Stock 11/15/2024 S 1,870(1) D $127.24(5) 654,195 D
Class A Common Stock 11/15/2024 S 500(1) D $128.07(6) 653,695 D
Class A Common Stock 11/15/2024 S 1,000(1) D $129.26(7) 652,695 D
Class A Common Stock 11/15/2024 S 800(1) D $130.31(8) 651,895 D
Class A Common Stock 11/15/2024 S 120(1) D $131.36(9) 651,775 D
Class A Common Stock 11/15/2024 C 110,408 A $ 0 110,408 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 8,578(1) D $123.8(10) 101,830 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 51,178(1) D $124.62(11) 50,652 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 7,607(1) D $125.98(12) 43,045 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 16,087(1) D $126.72(14) 26,958 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 10,657(1) D $127.69(15) 16,301 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 5,190(1) D $128.76(16) 11,111 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 6,511(1) D $129.83(17) 4,600 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 4,500(1) D $130.81(18) 100 I By The XYZ Revocable Trust
Class A Common Stock 11/15/2024 S 100(1) D $131.32 0 I By The XYZ Revocable Trust
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)
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 Underlying Securities
(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 of Derivative Security: 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
Class B Common Stock (13) 11/15/2024 C 14,000 (13) (13) Class A Common Stock 14,000 $ 0 1,381,795 D
Stock Option (Right to Buy) $1.93 11/15/2024 M 110,408 (19) 07/09/2025 Class B Common Stock 110,408 $ 0 1,466,851 I By The XYZ Revocable Trust
Class B Common Stock (13) 11/15/2024 M 110,408 (13) (13) Class A Common Stock 110,408 $ 0 1,877,189 I By The XYZ Revocable Trust
Class B Common Stock (13) 11/15/2024 C 110,408 (13) (13) Class A Common Stock 110,408 $ 0 1,766,781 I By The XYZ Revocable Trust
Stock Option (Right to Buy) $1.93 11/19/2024 M 86,749 (19) 07/09/2025 Class B Common Stock 86,749 $ 0 1,380,102 I By The XYZ Revocable Trust
Class B Common Stock (13) 11/19/2024 M 86,749 (13) (13) Class A Common Stock 86,749 $ 0 1,853,530 I By The XYZ Revocable Trust

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Huffman Steve Ladd
C/O REDDIT, INC.
303 2ND STREET, SOUTH TOWER, 5TH FLOOR
SAN FRANCISCO, CA 94107 		X X CEO & President

Signatures

/s/ Julie Rogers, Attorney-in-Fact 11/19/2024
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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 21, 2024.
(2) The sales were executed in multiple trades at prices ranging from $123.38 to $124.37. 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 (12) and (14) to (18) to this Form 4.
(3) The sales were executed in multiple trades at prices ranging from $124.38 to $125.30.
(4) The sales were executed in multiple trades at prices ranging from $125.63 to $126.62.
(5) The sales were executed in multiple trades at prices ranging from $126.67 to $127.61.
(6) The sales were executed in multiple trades at prices ranging from $127.74 to $128.39.
(7) The sales were executed in multiple trades at prices ranging from $128.84 to $129.72.
(8) The sales were executed in multiple trades at prices ranging from $129.93 to $130.89.
(9) The sales were executed in multiple trades at prices ranging from $131.13 to $131.41.
(10) The sales were executed in multiple trades at prices ranging from $123.20 to $124.19.
(11) The sales were executed in multiple trades at prices ranging from $124.20 to $125.08.
(12) The sales were executed in multiple trades at prices ranging from $125.28 to $126.27.
(13) 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.
(14) The sales were executed in multiple trades at prices ranging from $126.28 to $127.26.
(15) The sales were executed in multiple trades at prices ranging from $127.30 to $128.29.
(16) The sales were executed in multiple trades at prices ranging from $128.31 to $129.29.
(17) The sales were executed in multiple trades at prices ranging from $129.31 to $130.27.
(18) The sales were executed in multiple trades at prices ranging from $130.32 to $131.31.
(19) The stock option is fully vested and currently exercisable.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.