Reddit CEO Steve Huffman Files Form 144 to Sell $2.75M in Common Stock
Reddit, Inc.
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Filing Summary
Form 144 Notice of Proposed Sale of Securities Company: Reddit, Inc. ($RDDT) Insider: Steve Ladd Huffman (Director, Officer, 10% Stockholder) Proposed Sale: 18,000 Common shares Estimated Value: $2,754,000.00 (~$153.00/share) Approximate Sale Date: 2026-08-31 Plan Adoption Date: 2025-05-19 (Rule 10b5-1)
Comprehensive Analysis
Executive Summary
On August 31, 2026, Steve Ladd Huffman, Director, Officer, and 10% Stockholder of Reddit, Inc. ($RDDT), filed a Form 144 notice proposing the sale of 18,000 shares of common stock through The XYZ Revocable Trust. The total aggregate market value of the proposed transaction is approximately $2,754,000.00, representing an estimated price of $153.00 per share.
Key Transaction Highlights
- Insider / Filer: Steve Ladd Huffman (Trustee of The XYZ Revocable Trust)
- Shares Proposed for Sale: 18,000 Common shares
- Aggregate Market Value: $2,754,000.00
- Nature of Acquisition: Exercise of Stock Options from Issuer on August 31, 2026, paid in cash
- Rule 10b5-1 Trading Plan: The sale is executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on May 19, 2025
- Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
Prior 3 Months Activity
Under the same 10b5-1 plan, the Trust has executed regular bi-weekly sales of 18,000 shares:
- 08/14/2026: 18,000 shares for $3,206,907.00
- 08/04/2026: 18,000 shares for $2,876,049.00
- 07/15/2026: 18,000 shares for $3,561,472.80
- 06/30/2026: 18,000 shares for $3,116,408.40
- 06/15/2026: 18,000 shares for $3,208,604.40
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