FARRELL SARAH E 4

What Happened Sarah E. Farrell, a director of Reddit, made open-market purchases of company stock on Feb 10–11, 2026. Transactions reported: 10,148 shares at a weighted avg $148.63 ($1,508,297), 33,652 shares at $149.79 ($5,040,733), and 6,700 shares at $139.27 ($933,109), for a total of 50,500 shares purchased for approximately $7,482,139. These were purchases (buying shares), which retail investors often view as a direct insider acquisition rather than a sale.

Key Details

• Transaction dates: Feb 10, 2026 (two purchases) and Feb 11, 2026 (one purchase).
• Reported prices and values:
  • 10,148 sh @ $148.63 = $1,508,297 (footnote F1: executed in multiple trades at $148.13–$149.06; weighted avg reported)
  • 33,652 sh @ $149.79 = $5,040,733 (footnote F3: per-trade prices ranged $149.22–$150.00)
  • 6,700 sh @ $139.27 = $933,109 (footnote F4: per-trade prices ranged $139.11–$139.50)
• Total: 50,500 shares for ~$7.48 million.
• Shares owned after transaction: Not specified in the information provided in this summary (the filing excerpt did not state the post-transaction beneficial ownership amount).
• Footnote re ownership (F2): Waygrove Partnership LP holds the securities reported; Ms. Farrell is affiliated with Waygrove and may be deemed to beneficially own those Waygrove holdings, though she disclaims beneficial ownership of Waygrove’s shares.
• Filing timeliness: Form 4 was filed Feb 12, 2026 covering trades on Feb 10–11; this appears to be filed within the usual two-business-day window (no late-filing flag was provided).

Context These were straightforward open-market purchases (transaction code P). The filing’s footnotes clarify that shares were acquired in multiple trades at specified price ranges and that an affiliated partnership (Waygrove) holds the reported securities. The filing provides transactional detail but does not explain motivation; purchases indicate direct insider accumulation but should be considered alongside other company and market information.