Form 4: Reddit CFO Andrew Vollero Disposes of Shares to Cover Tax Obligations

Reddit's Chief Financial Officer, Andrew Vollero, disposed of 48,051 shares of Class A Common Stock to cover tax withholding obligations.

Summary

• Andrew Vollero, the Chief Financial Officer of Reddit, Inc., disposed of 48,051 shares of Class A Common Stock on November 20, 2024.
• The shares were disposed of at a price of $137.16 per share.
• This transaction was not a market sale but rather a withholding by the company to satisfy tax obligations.
• Following the transaction, Vollero beneficially owns 723,453 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction for tax purposes, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Similar transactions are common among executives of publicly traded companies, where shares are often withheld to cover tax obligations related to stock-based compensation.
• This type of transaction is not unusual and is generally viewed as a normal part of executive compensation management.

Stakeholder Impact

• The transaction has a neutral impact on shareholders as it is a standard tax withholding procedure.

Key Dates

Keywords

Reddit, Andrew Vollero, CFO, Class A Common Stock, Share Disposal, Tax Withholding, SEC Form 4