Form 4: Reddit Director Steven Newhouse Reports Acquisition of Vested Class A Common Stock

Reddit, Inc. Director Steven O Newhouse reported the acquisition of 160 shares of Class A common stock, which are fully vested and will be settled in the future as part of a compensation program.

Summary

• Steven O Newhouse, a Director of Reddit, Inc., acquired 160 shares of the company's Class A common stock on July 5, 2025.
• These 160 shares are fully vested and are part of the Issuer's Amended and Restated Non-Employee Director Compensation Program.
• Following this transaction, Steven O Newhouse directly beneficially owns 11,071 shares of Class A common stock.
• He also has an indirect beneficial interest in 16,182 shares held by Advance Magazine Publishers Inc. (AMPI), though he disclaims beneficial ownership of these specific shares.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if part of a compensation program, generally indicates continued alignment of interests with shareholders and a degree of confidence in the company's future.

Positives

• A director acquiring shares, even if through a compensation program, can signal continued alignment of interests with shareholders and confidence in the company's future prospects.
• The acquired shares are fully vested, indicating a clear entitlement to the stock.

Negatives

• The acquisition price was $0, indicating it was likely a grant or part of a compensation program rather than an open market cash purchase, which might be perceived as a less strong signal of confidence.

Future Outlook

The 160 acquired shares are fully vested and will be settled in Class A Common Stock on a date selected by the Reporting Person or as otherwise provided by the Issuer's Amended and Restated Non-Employee Director Compensation Program.

Industry Context

This filing reflects a routine insider transaction related to director compensation, which is a common practice across publicly traded companies and does not provide broader industry trends or competitive insights.

Corporate Governance

Related Party Transactions

• Steven O Newhouse's indirect beneficial ownership of 16,182 shares through Advance Magazine Publishers Inc. (AMPI), an indirect subsidiary of Advance Publications, Inc. (API), with which he has affiliations, constitutes a related party relationship, although he disclaims beneficial ownership of these specific shares.

Stakeholder Impact

• Shareholders: The acquisition of shares by a director may be viewed positively as it aligns management's interests with shareholders.

Next Steps

• Settlement of the 160 vested Class A Common Stock shares on a date to be selected by the Reporting Person or as per the Non-Employee Director Compensation Program.

Key Dates

Recommendation

Keywords

Reddit, RDDT, Steven O Newhouse, Director, SEC Form 4, Insider Transaction, Stock Acquisition, Class A Common Stock, Beneficial Ownership, Compensation Program