SEC Form 3
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/20/2024 |
3. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [ RDDT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Class A Common Stock | 1,495,255(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Class B Common Stock | (2) | (2) | Class A Common Stock | 2,720,150(3) | (2) | D | |
Class B Common Stock | (2) | (2) | Class A Common Stock | 1,510,784 | (2) | I | By The XYZ Revocable Trust |
Stock Option (Right to Buy) | (4) | 12/25/2033 | Class A Common Stock | 1,495,255 | 25.29 | D | |
Stock Option (Right to Buy) | (4) | 12/25/2033 | Class A Common Stock | 996,837 | 45 | D | |
Stock Option (Right to Buy) | (4) | 12/25/2033 | Class A Common Stock | 996,837 | 60 | D | |
Stock Option (Right to Buy) | (4) | 12/25/2033 | Class A Common Stock | 996,837 | 90 | D | |
Stock Option (Right to Buy) | (4) | 12/25/2033 | Class B Common Stock | 1,495,256 | 25.29 | D | |
Stock Option (Right to Buy) | (4) | 12/23/2031 | Class B Common Stock | 2,168,730 | 1.93 | I | By The XYZ Revocable Trust |
Explanation of Responses: |
1. Represents restricted stock units ("RSUs"), which vest in accordance with the terms of the applicable awards. Each RSU represents a contingent right to receive one share of Class A Common Stock. |
2. The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. |
3. Represents restricted stock units ("RSUs"), which vest in accordance with the terms of the applicable awards. Each RSU represents a contingent right to receive one share of Class B Common Stock. |
4. The option vests over five years on each quarterly anniversary of December 25, 2023, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date. |
Remarks: |
Exhibit 24 - Power of Attorney. |
/s/ Julie Rogers, Attorney-in-Fact | 03/20/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |