Lee Benjamin Seong 4

What Happened Lee Benjamin Seong, Chief Legal Officer of Reddit, had 3,886 shares withheld by the company on May 20, 2026, to satisfy tax withholding obligations. The shares were valued at $154.88 each, for a total notional value of approximately $601,864. This withholding was performed by the issuer and was not a market sale.

Key Details

• Transaction date: 2026-05-20
• Price per share: $154.88; total value ≈ $601,864
• Shares withheld/disposed: 3,886 (Transaction code: F — tax withholding)
• Footnote: Shares were withheld by the issuer to satisfy the reporting person's tax withholding obligations; not a market sale.
• Shares owned after transaction: Not specified in the filing.
• Filing date: 2026-05-22 (filed within the typical Form 4 reporting window)

Context Tax-withholding dispositions (code F) are common when restricted stock vests or options are exercised and the company withholds shares to cover taxes. These transactions are administrative and do not represent an open-market sale or a direct buy signal. Purchases or open-market sales by insiders tend to be more informative about sentiment.