Wong Jennifer L. 4
4 · Reddit, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Reddit (RDDT) COO Jennifer Wong Sells Shares After Exercising Options
What Happened
Jennifer L. Wong, Chief Operating Officer of Reddit, exercised 39,166 vested stock options (reported at $5.35/share, cost $209,538) and sold 39,166 shares in multiple open-market trades the same day. The sales across seven trade groups totaled approximately $6.93 million (weighted amounts shown on the Form 4). The activity was disclosed on a Form 4 filed June 18, 2026.
Key Details
- Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (timely filed).
- Option exercise (M): 39,166 shares acquired @ $5.35 = $209,538. A separate derivative line reports 39,166 shares disposed @ $0.00 (reflects the conversion/settlement reported).
- Open-market sales (S): total 39,166 shares disposed for $6,930,195 across multiple trade groups:
- 8,560 shares @ $175.41 (prices in this tranche ranged $174.73–$175.71)
- 9,020 shares @ $176.20 (range $175.73–$176.72)
- 11,580 shares @ $177.31 (range $176.73–$177.72)
- 7,306 shares @ $178.09 (range $177.74–$178.71)
- 2,000 shares @ $179.10 (range $178.74–$179.61)
- 300 shares @ $180.03 (range $179.99–$180.05)
- 400 shares @ $181.94 (range $181.92–$181.95)
- Plan/authority: Sales were made pursuant to a Rule 10b5-1 trading plan adopted May 16, 2025 (Footnote F1).
- Option status: The option exercised is fully vested and exercisable (Footnote F9).
- Shares owned after the transaction: not specified in this Form 4.
Context
This was an exercise of vested options followed by same-day sales under a pre-established 10b5-1 plan — a common structure that schedules trades in advance and can limit inference about insider sentiment. The filing is informational and does not state insider motivation.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-16$5.35/sh+39,166$209,538→ 1,089,505 total - Sale
Class A Common Stock
[F1][F2]2026-06-16$175.41/sh−8,560$1,501,510→ 1,080,945 total - Sale
Class A Common Stock
[F1][F3]2026-06-16$176.20/sh−9,020$1,589,324→ 1,071,925 total - Sale
Class A Common Stock
[F1][F4]2026-06-16$177.31/sh−11,580$2,053,250→ 1,060,345 total - Sale
Class A Common Stock
[F1][F5]2026-06-16$178.09/sh−7,306$1,301,126→ 1,053,039 total - Sale
Class A Common Stock
[F1][F6]2026-06-16$179.10/sh−2,000$358,200→ 1,051,039 total - Sale
Class A Common Stock
[F1][F7]2026-06-16$180.03/sh−300$54,009→ 1,050,739 total - Sale
Class A Common Stock
[F1][F8]2026-06-16$181.94/sh−400$72,776→ 1,050,339 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1][F9]2026-06-16−39,166→ 115,620 totalExercise: $5.35Exp: 2028-06-12→ Class A Common Stock (39,166 underlying)
- 36,000(indirect: By Trust)
Class A Common Stock
Footnotes (9)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025.
- [F2]The sales were executed in multiple trades at prices ranging from $174.73 to $175.71. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price within the ranges set forth in this footnote 2 to 8.
- [F3]The sales were executed in multiple trades at prices ranging from $175.73 to $176.72.
- [F4]The sales were executed in multiple trades at prices ranging from $176.73 to $177.72.
- [F5]The sales were executed in multiple trades at prices ranging from $177.74 to $178.71.
- [F6]The sales were executed in multiple trades at prices ranging from $178.74 to $179.61.
- [F7]The sales were executed in multiple trades at prices ranging from $179.99 to $180.05.
- [F8]The sales were executed in multiple trades at prices ranging from $181.92 to $181.95.
- [F9]The stock option is fully vested and currently exercisable.