Reddit CEO Sells Over 17,000 Shares for $2.8 Million Amid Stock's One-Year Decline
On September 15, 2026, Reddit CEO Steve Huffman sold approximately 17,308 shares of Class A Common Stock in a transaction valued at around $2.8 million. The sale was conducted under a Rule 10b5-1 trading plan established on May 20, 2026 and involved the exercise of options followed by an immediate sale. The stock had declined by nearly 39% over the past year as of Huffman's transaction date. Despite this decline, Reddit remains profitable with $871.1 million in net income for the trailing twelve months (TTM) on revenue of $2.8 billion TTM. The company generates income through advertising, premium subscriptions, and API licensing. Huffman retained a significant equity stake post-transaction, including over one million stock options, ensuring continued alignment with shareholder interests.
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Topics: executive equity management SEC filings stock transactions