Form 4: Reddit's Chief Accounting Officer, Michelle Reynolds, Reports Stock Transaction
SEC Form 4 Filing
Michelle Reynolds, Chief Accounting Officer of Reddit, Inc., reports the withholding of 24,510 Class A Common Stock shares to cover tax obligations on March 20, 2024.
Summary
- On March 20, 2024, Michelle Reynolds, the Chief Accounting Officer of Reddit, Inc., had 24,510 shares of Class A Common Stock withheld by the company to satisfy tax obligations.
- The price per share for the transaction was $34.
- Following the transaction, Reynolds directly owns 99,446 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The sentiment is neutral as it simply reports a transaction.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of the stock transaction (tax withholding). |
| 03/22/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.