Reddit Director Mary Porter Gale Files Form 144 Notice for Proposed $300K Share Sale
Reddit, Inc.
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Filing Summary
Form 144 Notice | Reddit, Inc. ($RDDT) Insider: Mary Porter Gale (Director) Account: THE GALE TRUST Proposed Sale: 3,000 Common shares Approx. Market Value: $300,000.00 (~$100.00/share) Approx. Sale Date: November 4, 2026 Broker: Morgan Stanley Smith Barney LLC
Comprehensive Analysis
Executive Summary
On November 4, 2026, a Form 144 notice was filed for Reddit, Inc. ($RDDT) on behalf of THE GALE TRUST, associated with Reddit Director Mary Porter Gale. The filing covers a proposed sale of 3,000 shares of common stock with an aggregate market value of $300,000.00, indicating an approximate price of $100.00 per share.
Transaction Details
- Filer: Mary Porter Gale (Trustee of THE GALE TRUST)
- Role: Director
- Securities Offered: 3,000 shares of Common Stock
- Aggregate Market Value: $300,000.00
- Approximate Sale Date: November 4, 2026
- Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
- Origin of Securities: Acquired on January 4, 2022, through the exercise of stock options under a registered plan with cash payment.
Prior Sales Within Past 3 Months
- Date: November 3, 2026
- Shares Sold: 3,000
- Gross Proceeds: $288,000.00 ($96.00/share)
Trading Significance Assessment
The trading significance is assessed as Low. The 3,000 shares proposed for sale represent a negligible percentage (approximately 0.002%) of Reddit's 146,942,127 outstanding common shares. Such small-scale sales following option exercises are routine for corporate directors and do not signal a material change in insider sentiment.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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