Reddit (RDDT) Chief Legal Officer Ben Seong Withholds 3,887 Shares

What Happened
Ben Seong, Chief Legal Officer of Reddit, reported a disposition of 3,887 shares on 2026-08-20. The shares were withheld at a price of $151.71 per share, totaling about $589,697, to satisfy tax withholding obligations. This was not an open-market sale.

Key Details

• Transaction date: 2026-08-20; reporting/filing date: 2026-08-24 (timely filed).
• Price reported: $151.71 per share; total value ≈ $589,697.
• Shares owned after the transaction: not specified in the Form 4 filing.
• Footnote: F1 — shares were withheld by the company to satisfy the reporting person's tax withholding obligations; explicitly not a market sale.
• Transaction code: F (payment of exercise price or tax liability).

Context
This type of transaction commonly reflects tax withholding after an equity award vests or an option exercise: the company retains (withholds) shares to cover required taxes rather than the insider selling shares on the open market. Such withholdings are routine administrative actions and do not necessarily indicate the insider’s view on the company’s stock.