Wong Jennifer L. 4

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.