ADVANCE PUBLICATIONS, INC 4
4 · Reddit, Inc. · Filed Mar 27, 2024
Insider Transaction Report
Form 4
Reddit, Inc.RDDT
Advance Magazine Publishers Inc.
Director10% Owner
Transactions
- Conversion
Class A common stock, par value $0.0001 per share
2024-03-25+16,182→ 16,182 total - Conversion
Series A preferred stock
2024-03-25−7,500,000→ 0 total→ Class B common stock (7,500,000 underlying) - Conversion
Class B Common Stock
2024-03-25+8,088,592→ 42,191,092 total→ Class A common stock (8,088,592 underlying) - Conversion
Series F-1 preferred stock
2024-03-25−16,182→ 0 total→ Class A common stock (16,182 underlying) - Conversion
Series E preferred stock
2024-03-25−588,592→ 0 total→ Class B common stock (588,592 underlying)
Footnotes (2)
- [F1]Each share of preferred stock, other than any share of Series F-1 preferred stock, converted on a one-for-one basis into Class B common stock in accordance with Reddit, Inc.'s (the "Company") amended and restated certificate incorporation immediately upon the completion of the initial public offering of the Company. Each share of Series F-1 preferred stock converted on a one-for-one basis into Class A common stock in accordance with the Company's amended and restated certificate incorporation immediately upon the completion of the initial public offering of the Company.
- [F2]The Class B common stock is convertible into an equal number of shares of Class A common stock at any time, at the holder's election. Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers set forth in the amended and restated certificate of incorporation of the Company, or upon the first date the aggregate number of then-outstanding shares of Class B common stock ceases to represent at least 7.5% of the aggregate number of then-outstanding shares of the Company's Class A and Class B common stock.