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Reddit, Inc. [RDDT]

Reporting date: 10/08/2025

⚠️ Neutral Insider Mix Detected

📝 What Happened

  • Insider: Slowe Christopher Brian
  • Role: Chief Technology Officer (Officer)
  • Company: Reddit, Inc. (RDDT)
  • Transaction Date(s): 2025-10-08
  • Table I (Non-Derivative Securities)
    • Sale : 14,000
    • Average Sale Price: $200.81
    • Total Value: $2,811,330.75
    • Post-Transaction Direct Holdings: 206,534
    • Indirect Holdings: 20,184
    • 10b5-1 Plan Used? Yes (footnote: sales pursuant to Rule 10b5-1 plan)

📄 Summary

Slowe Christopher Brian, Chief Technology Officer at Reddit, Inc. (RDDT), mixed 14,000 shares on October 8, 2025, at an average price of $200.81, realizing proceeds of about ~$2,811,331. The filing also shows an acquisition/conversion of 12,000 shares (exercise/conversion of options), so the net effect was a small net sale of 2,000 shares. After the transactions he now holds 206,534 direct shares and 20,184 indirect shares (By The Slowe Family Trust dated January 26, 2012). For retail traders, this is a neutral-to-slightly bearish event: Planned 10b5-1 sale; small net reduction in holdings.

🔑 Interpretation

  • Type: Comp-related and planned — combination of option exercise/conversion and sales executed under a pre-established 10b5-1 trading plan (not ad-hoc discretionary selling).
  • Disposition: Shares were sold immediately under the 10b5-1 plan (same-day sales recorded at various prices in the $196–$205 range).
  • Size Context: 14,000 shares sold versus 206,534 direct shares held post-transaction (~6.8% of direct holdings); after acquiring 12,000 via exercise the net reduction was ~2,000 shares (~1% of direct holdings) — appears modest and consistent with routine profit-taking.
  • ATH Metric: The trades executed around ~$200.81. That price is near recent trading highs in the ~$190–$205 range but not necessarily an all-time high or low; timing appears opportunistic to monetize gains rather than signaling distress (no indication the trades occurred near long-term all-time lows).
  • Outlier Check: Not unusually large relative to the insider's remaining holdings; size looks typical for an executive exercising options and selling a portion under a 10b5-1 plan.

📊 Bullish or Bearish?

Decide: Neutral

Neutral. The filing shows an exercise/conversion (comp-related) combined with planned sales under a 10b5-1 plan, resulting in a small net sell (2,000 shares). This looks like routine liquidity-taking rather than a discretionary signal of negative outlook; data completeness is high for this filing but broader cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine profit-taking executed under a 10b5-1 plan rather than a strong bearish signal. For retail traders, it’s largely noise — not a clear actionable signal unless corroborated by multiple insiders or larger, discretionary sales.