Wong Jennifer L. 4

What Happened Jennifer L. Wong, Chief Operating Officer of Reddit, reported a transaction dated 2026-05-20 in which 38,112 shares were disposed at $154.88 per share, representing $5,902,787. The Form 4 indicates these shares were withheld by the issuer to satisfy tax withholding obligations related to an option exercise (payment of exercise price/tax liability), not sold on the open market.

Key Details

• Transaction date: 2026-05-20; filing date: 2026-05-22 (timely filing).
• Shares involved: 38,112 shares withheld at $154.88 per share; total value ≈ $5,902,787.
• Nature of transaction: Code F — shares withheld to cover tax/exercise obligations (footnote: "Not a market sale").
• Shares owned after transaction: Not specified in the reported Form 4.
• No 10b5-1 plan or late-filing flag noted in the filing.

Context This is a tax-withholding/cashless-style disposition tied to an option exercise (issuer withheld shares to satisfy tax obligations). Because the shares were withheld by the company rather than sold on the open market, this does not represent a market-sale decision by the insider and is generally administrative rather than a signal of sentiment.