Reddit COO Jennifer Wong Withholds 38,113 Shares for Taxes

What Happened

• Jennifer L. Wong, Chief Operating Officer of Reddit, had 38,113 shares withheld by the company to satisfy tax withholding obligations related to equity (reported as a disposition). The filing reports a per-share value of $151.71, for a total withholding value of $5,782,123. This was a tax withholding transaction (code F), not an open‑market sale.

Key Details

• Transaction date: 2026-08-20; Filing date: 2026-08-24.
• Shares withheld: 38,113 at $151.71 each; total value reported: $5,782,123.
• Shares owned after transaction: not disclosed in this Form 4 filing.
• Footnote: Company withheld the shares to satisfy the reporting person's tax withholding obligations; explicitly noted as not a market sale (F1).
• Timeliness: Filing dated Aug 24, 2026. The filing itself does not flag a late-report indicator.

Context

• Code F transactions typically reflect shares withheld to cover taxes after option exercises or restricted share vesting (a form of "cashless" withholding). These are routine administrative transactions and do not indicate an active decision to sell shares on the market or express a view on the company’s prospects.