Reddit COO Jennifer L. Wong Sells $9.74M in Stock via Rule 10b5-1 Plan

Insider Transaction Overview

On September 14, 2026, Jennifer L. Wong, Chief Operating Officer of Reddit, Inc. ($RDDT), executed stock option exercises and subsequent sales under a pre-established Rule 10b5-1 trading plan adopted on May 12, 2026.

Key Details:

• Derivative Exercises: Exercised stock options for 60,000 Class A Common shares (16,453 shares at an exercise price of $5.35 and 43,547 shares at $20.76).
• Open Market Sales: Sold a total of 60,000 shares across multiple price tranches ranging from $157.47 to $166.14, generating gross proceeds of ~$9.74 million at a weighted average price of approximately $162.33 per share.
• Remaining Holdings: Following these transactions, Wong directly retains 1,012,226 shares of Class A Common Stock, plus an indirect holding of 36,000 shares held via the MorMa Trust dated June 22, 2021.

Market Impact & Interpretation

Because this transaction represents an option exercise and immediate sell-to-cover/cash-out executed under a scheduled Rule 10b5-1 trading plan, it is considered routine executive compensation liquidation and carries Low informational signaling value regarding internal company sentiment.