Reddit COO Jennifer Wong Exercises Options and Sells $9.0M Under 10b5-1 Plan

Executive Summary

On October 14, 2026, Jennifer L. Wong, Chief Operating Officer of Reddit, Inc. ($RDDT), executed stock option exercises covering 60,000 shares of Class A Common Stock and subsequently sold all 60,000 shares in multiple tranches for gross proceeds of approximately $9.03 million.

Key Details

• Nature of Transactions: The sales were executed under a pre-established Rule 10b5-1 trading plan adopted on May 12, 2026.
• Option Exercises:
  • 45,437 stock options exercised at $20.76 per share.
  • 14,563 stock options exercised at $25.29 per share.
• Sales: 60,000 shares were sold across 8 price tranches ranging from $148.86 to $155.91, generating a weighted average sale price of approximately $150.55 per share.
• Post-Transaction Holdings: Wong maintains a direct beneficial ownership of 1,012,226 shares of Class A Common Stock, plus an indirect holding of 36,000 shares via the MorMa Trust dated June 22, 2021, and over 1.4 million unexercised stock options.

Significance

The trading significance is rated Low. The transactions represent routine option exercises and pre-planned sales executed strictly pursuant to a 10b5-1 plan established months earlier. The insider retains a substantial equity stake in the company.