Form 4: Reddit's Chief Legal Officer, Benjamin Seong Lee, Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Benjamin Seong Lee, Reddit's Chief Legal Officer, disposed of 32,881 shares of Class A Common Stock on March 20, 2024, to cover tax obligations.
Summary
- Reddit's Chief Legal Officer, Benjamin Seong Lee, reported a transaction involving the disposal of shares to cover tax obligations.
- On March 20, 2024, Lee disposed of 32,881 shares of Class A Common Stock at a price of $34 per share.
- This transaction was not a market sale but rather a withholding by the company to satisfy tax obligations.
- Following the transaction, Lee still beneficially owns 279,346 shares of Reddit's Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
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.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of stock disposal transaction. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
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