Steve Huffman, CEO and President of Reddit, Inc. (NASDAQ:RDDT), filed a Form 4 on August 24, 2026, disclosing transactions in Class A and Class B Common Stock dated August 20, 2026.

Key Highlights

  • Conversion transaction: 2,954 shares of Class B Common Stock were converted into 2,954 shares of Class A Common Stock at $0, held indirectly by The XYZ Revocable Trust.
  • Tax withholding: 40,336 shares of Class A Common Stock were disposed of at $151.71 per share to satisfy tax withholding obligations; the filing notes this was "not a market sale."
  • Post-transaction Class A holdings via XYZ Revocable Trust: 336,432 shares of Class A Common Stock held indirectly following the reported transactions.
  • Additional indirect Class A holdings: 68,966 shares via EVS Trust-I, 6,897 shares via JDI Trust-I, and 6,897 shares via MLH Trust-I, each held as grantor retained annuity trusts of which Huffman is sole trustee and beneficiary.
  • Remaining Class B derivative position: 3,493,486 shares of Class B Common Stock beneficially owned indirectly by The XYZ Revocable Trust following the reported transactions.
  • Reporting person roles: Huffman is identified as Director, 10% Owner, and Officer (CEO and President) of Reddit, Inc.

Details of Huffman's August 20, 2026 Transactions at Reddit

According to the filing, the August 20, 2026 transactions involved two steps executed within The XYZ Revocable Trust. First, 2,954 shares of Class B Common Stock were converted (transaction code C) into an equal number of Class A Common Stock shares at a price of $0, consistent with the filing's disclosure that Class B shares are "convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis." This conversion brought the trust's Class A position to 376,768 shares before the subsequent transaction.

Second, 40,336 shares of Class A Common Stock were disposed of (transaction code F) at $151.71 per share. The filing states these shares "were withheld by the Issuer to satisfy the reporting person's tax withholding obligations" and explicitly notes the disposal was "not a market sale." Following both transactions, the trust held 336,432 shares of Class A Common Stock indirectly.

In addition to The XYZ Revocable Trust holdings, the filing discloses Class A Common Stock held indirectly through three grantor retained annuity trusts: 68,966 shares in the EVS Trust-I, 6,897 shares in the JDI Trust-I, and 6,897 shares in the MLH Trust-I. Huffman is identified as sole trustee and beneficiary of each. The filing was signed by Julie Rogers as Attorney-in-Fact on August 24, 2026.

What Was Disclosed

The filing reports a Class B-to-Class A conversion of 2,954 shares and a tax-related withholding disposal of 40,336 Class A shares at $151.71 each by Reddit's CEO, with resulting beneficial ownership positions detailed across multiple trusts.