Reddit COO Sells $9.7M Worth of Shares Amid Stock Decline
Jennifer L. Wong, Chief Operating Officer of Reddit (RDDT), sold 60,000 shares worth approximately $9.7 million on September 14, 2026, as reported in an SEC Form 4 filing. The transaction was part of a pre-established Rule 10b5-1 trading plan and tied to the exercise of stock options at a strike price of $20.76 per share. Reddit's stock had declined by 36% over the past year, closing at $162.38 on the day of the sale. Wong retained significant ownership in the company post-transaction, holding approximately one million shares directly and an additional 45,437 derivative securities. The market value of her remaining stake was around $170 million as of September 14, 2026. Despite concerns about insider selling during a period of declining stock performance, the transaction appears to be part of routine liquidity planning rather than a reaction to recent company or market developments.
Tickers: $RDDT