Form 4: Reddit's Chief Technology Officer, Christopher Brian Slowe, Reports Changes in Beneficial Ownership

Christopher Brian Slowe, Reddit's Chief Technology Officer, filed a Form 4 detailing changes in his beneficial ownership of Reddit, Inc. stock due to tax obligations, option exercises, and conversions.

Summary

• On March 20, 2024, Christopher Brian Slowe, the Chief Technology Officer of Reddit, Inc., reported changes in his beneficial ownership of the company's stock.
• These changes include the withholding of 90,629 Class A Common Stock shares to cover tax obligations at a price of $34 per share.
• Slowe also converted 185,000 shares of Class B Common Stock into Class A Common Stock.
• He exercised options to purchase 5,000 and 180,000 shares of Class B Common Stock at an exercise price of $1.93.
• Following these transactions, Slowe directly owns 413,684 shares of Class A Common Stock and indirectly owns 30,068 shares through The Slowe Family Trust dated January 26, 2012.
• He also directly owns 319,104 stock options and indirectly owns 15,000 stock options through The Slowe Family Trust.

Sentiment

Score: 5

Explanation: This is a neutral report of transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a key executive at Reddit following its IPO.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the overall effect is likely minimal.

Key Dates