Reddit (RDDT) COO Jennifer Wong Sells 75,000 Shares After Exercising Options

What Happened
Jennifer L. Wong, Chief Operating Officer of Reddit, exercised stock options to acquire a total of 75,000 shares (60,000 shares at $5.35 and 15,000 shares at $25.29) on August 14, 2026, paying roughly $700,350 in exercise cost. She then sold all 75,000 shares in multiple open‑market trades the same day, generating gross proceeds of about $13,391,000 (weighted average sale price ≈ $178.55). The transactions were reported on a Form 4 filed August 18, 2026.

Key Details

• Transaction date: August 14, 2026 (Form 4 filed Aug 18, 2026).
• Exercise: 75,000 shares acquired via option exercise (60,000 @ $5.35 = $321,000; 15,000 @ $25.29 = $379,350).
• Sales: 75,000 shares sold in multiple trades; gross proceeds ≈ $13,391,000; reported per-trade prices ranged roughly from $174.25 to $184.27 (weighted avg ≈ $178.55).
• Footnotes: Sales were executed under a Rule 10b5‑1 trading plan adopted May 12, 2026 (F1). Footnotes detail trade-by-trade price ranges (F2–F11) and note the option was fully vested/currently exercisable (F12) with an original vesting schedule referenced (F13).
• Shares owned after the transactions: not specified in the provided filing extract.
• Filing timeliness: no late-filing flag provided in the excerpt.

Context

• This was an option exercise followed by immediate open‑market sales (common “exercise-and-sell” or cashless-style outcome). The zero-dollar derivative disposal lines in the Form 4 reflect conversion/surrender of the derivative instruments on exercise.
• Sales were executed under a pre-established 10b5‑1 plan, which is a routine method executives use to sell shares according to a predetermined schedule. This is factual reporting of transactions, not a statement about Ms. Wong’s view of Reddit stock.