Large owner Tencent Holdings Ltd sold $113,962,648 worth of shares (882,583 units at $129.12) (SEC Form 4)
$RDDT
EDP Services
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [ RDDT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/14/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 50,425 | I | See Footnote(3) | |||||||
| Class A Common Stock | 11/14/2024 | S | 36,667 | D | $130.4(4) | 9,201,927 | I | See Footnote(1) | ||
| Class A Common Stock | 11/14/2024 | S | 49,778 | D | $131.51(5) | 9,152,149 | I | See Footnote(1) | ||
| Class A Common Stock | 11/14/2024 | S | 112,394 | D | $132.34(6) | 9,039,755 | I | See Footnote(1) | ||
| Class A Common Stock | 11/14/2024 | S | 65,786 | D | $133.36(7) | 8,973,969 | I | See Footnote(1) | ||
| Class A Common Stock | 11/14/2024 | S | 665 | D | $133.92(8) | 8,973,304 | I | See Footnote(1) | ||
| Class A Common Stock | 11/15/2024 | S | 36,158 | D | $125.45(9) | 8,937,146 | I | See Footnote(1) | ||
| Class A Common Stock | 11/15/2024 | S | 72,668 | D | $126.46(10) | 8,864,478 | I | See Footnote(1) | ||
| Class A Common Stock | 11/15/2024 | S | 61,158 | D | $127.46(11) | 8,803,320 | I | See Footnote(1) | ||
| Class A Common Stock | 11/15/2024 | S | 23,545 | D | $128.44(12) | 8,779,775 | I | See Footnote(1) | ||
| Class A Common Stock | 11/15/2024 | S | 22,527 | D | $129.4(13) | 8,757,248 | I | See Footnote(1) | ||
| Class A Common Stock | 11/15/2024 | S | 18,744 | D | $130.37(14) | 8,738,504 | I | See Footnote(1) | ||
| Class A Common Stock | 11/15/2024 | S | 6,509 | D | $131.09(15) | 8,731,995 | I | See Footnote(1) | ||
| Class A Common Stock | 11/18/2024 | S | 56,707 | D | $125.97(16) | 8,675,288 | I | See Footnote(1) | ||
| Class A Common Stock | 11/18/2024 | S | 54,280 | D | $126.9(17) | 8,621,008 | I | See Footnote(1) | ||
| Class A Common Stock | 11/18/2024 | S | 79,835 | D | $127.96(18) | 8,541,173 | I | See Footnote(1) | ||
| Class A Common Stock | 11/18/2024 | S | 153,971 | D | $128.95(19) | 8,387,202 | I | See Footnote(1) | ||
| Class A Common Stock | 11/18/2024 | S | 31,191 | D | $129.52(20) | 8,356,011 | I | See Footnote(1) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Class B Common Stock | (2) | (2) | (2) | Class A Common Stock | 437,987 | 437,987 | I | See Footnote(3) | |||||||
| Class B Common Stock | (2) | (2) | (2) | Class A Common Stock | 4,222,385 | 4,222,385 | I | See Footnote(1) | |||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. Held of record by Tencent Cloud Europe B.V., a wholly-owned subsidiary of Aceville Pte Ltd, which is a wholly-owned subsidiary of TCH Delta Limited, which is a wholly-owned subsidiary of Tencent Holdings Limited ("Tencent"). |
| 2. Class B Common Stock is convertible at any time, at the holder's election, or automatically in accordance with the governing documents of the Issuer, into Class A Common Stock, par value of $0.0001 per share, on a one-for-one basis and has no expiration date. |
| 3. Held of record by Jojoba Investment Limited, a wholly-owned subsidiary of Tencent. |
| 4. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $129.86 to $130.85, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (20) to this Form 4. |
| 5. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $130.86 to $131.84, inclusive. |
| 6. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $131.86 to $132.84, inclusive. |
| 7. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $132.86 to $133.82, inclusive. |
| 8. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $133.87 to $133.94, inclusive. |
| 9. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $125.00 to $125.95, inclusive. |
| 10. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $125.96 to $126.94, inclusive. |
| 11. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $126.96 to $127.95, inclusive. |
| 12. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $127.96 to $128.93, inclusive. |
| 13. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $128.96 to $129.79, inclusive. |
| 14. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $129.98 to $130.95, inclusive. |
| 15. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $130.98 to $131.32, inclusive. |
| 16. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $125.40 to $126.39, inclusive. |
| 17. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $126.40 to $127.39, inclusive. |
| 18. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $127.40 to $128.39, inclusive. |
| 19. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $128.40 to $129.39, inclusive. |
| 20. The price reported in Column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $129.40 to $130.10, inclusive. |
| TENCENT HOLDINGS LIMITED By: /s/ Ma Huateng, Director | 11/18/2024 | |
| TENCENT CLOUD EUROPE B.V. By: /s/ Constant Pieter van der Merwe, Director | 11/18/2024 | |
| ** 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 4 (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. | ||