Form 4: Reddit's Chief Legal Officer, Benjamin Seong Lee, Reports Stock Transaction
SEC Form 4 Filing
Reddit's Chief Legal Officer, Benjamin Seong Lee, reports the disposal of 20,252 shares of Class A Common Stock to cover tax obligations.
Summary
- On February 20, 2025, Benjamin Seong Lee, the Chief Legal Officer of Reddit, Inc., disposed of 20,252 shares of Class A Common Stock.
- The transaction was not a market sale; instead, the shares were withheld by the company to satisfy the reporting person's tax withholding obligations.
- Following the transaction, Lee directly owns 132,300 shares of Reddit's Class A Common Stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any significant change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment rather than a strategic shift in holdings.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of stock transaction where 20,252 shares were disposed of to cover tax obligations. |
| 02/24/2025 | Date of signature by Julie Rogers, Attorney-in-Fact. |
Keywords
Form 4, Reddit, RDDT, Benjamin Seong Lee, Chief Legal Officer, Stock Transaction, Tax Withholding, Class A Common Stock, Beneficial Ownership
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