Newhouse Steven O 4
Research Summary
AI-generated summary
Reddit Director Steven Newhouse Receives 115-Share Award
What Happened
- Steven O. Newhouse, a director of Reddit, Inc. (RDDT), was granted/acquired 115 shares on July 5, 2026. The reported acquisition price was $0.00, so the award has a nominal cash value of $0 on the Form 4. Transaction code: A (award/grant).
Key Details
- Transaction date: 2026-07-05; Filing date: 2026-07-07 (filed within the typical two-business-day SEC window).
- Shares acquired: 115; Price per share: $0.00; Total reported value: $0.
- Shares owned after the transaction: not disclosed in this filing.
- Footnotes of note:
- F1: The 115 shares are fully vested and will be settled in Class A common stock either on a date chosen by Mr. Newhouse under the Issuer’s Non‑Employee Director Compensation Program or as otherwise provided by the Program.
- F2–F3: Advance Magazine Publishers Inc. (AMPI) owns other Company securities reported here; Mr. Newhouse may be deemed to beneficially own AMPI’s holdings due to his affiliations with Advance Publications, Inc. (API), but he expressly disclaims beneficial ownership of the AMPI‑owned shares for purposes of this report.
Context
- This was a compensatory award to a non‑employee director rather than an open‑market purchase or sale. Such grants are common as part of director compensation and do not on their own indicate a personal buy/sell market signal.
- The award is already fully vested per the filing and will convert to Class A common stock when settled under the Program.