Newhouse Steven O 4

What Happened

• Steven O. Newhouse, a director of Reddit, was granted 1,714 restricted stock units (RSUs) on 2026-06-08. The RSUs were reported on a Form 4 filed 2026-06-10 and show an acquisition price of $0 (award/grant). RSUs are not immediate cash or shares — they convert to shares only upon vesting/settlement.

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (timely filing).
• Transaction type/code: A — Award/Grant of RSUs; reported acquisition amount $0.
• Shares acquired: 1,714 RSUs (will convert to common stock on settlement).
• Shares owned after transaction: Not separately quantified in the filing for Mr. Newhouse; the filing discloses Advance Magazine Publishers Inc. (AMPI) as the owner of the securities listed.
• Footnotes of note:
  • F1: RSUs vest in full on the earlier of the first anniversary of the grant or immediately before Reddit’s 2027 annual meeting, subject to continued service; settlement follows the director’s deferral election or occurs on termination of service.
  • F2/F3: AMPI owns the securities reported; Mr. Newhouse may be deemed to beneficially own those shares by affiliation with Advance Publications but explicitly disclaims beneficial ownership of AMPI’s shares.
• No indication of a sale or exercise—this is a standard director award, not a market purchase or disposition.

Context

• RSU grants are deferred compensation that convert into shares when vesting conditions are met; their ultimate value depends on Reddit’s share price at settlement and fulfillment of service conditions. Because the award was granted (not sold or bought), it should be interpreted as a compensation event rather than an outright trading signal.