Reddit's COO Sells 60,000 Shares Worth $9.7 Million Amid a 36% Stock Price Decline Over the Past Year

Reddit COO Jennifer L. Wong sold 60,000 shares of Class A common stock on September 14, 2026, according to an SEC Form 4 filing. The weighted average sale price was $162.33 per share, and the company disclosed a post-transaction value of $162.38 based on the market close that day. The transaction followed the exercise of 60,000 stock options at a strike price of $20.76. Wong’s remaining holdings include about 45,437 fully vested derivative securities plus an equity position of roughly 1.0 million shares. The sale was executed under a trading plan set on May 12, 2026, indicating it was scheduled rather than a reaction to recent price movements. The filing notes the stock was down 36% over the prior year. Reddit’s revenue model is driven by advertising, premium subscriptions, and enterprise API licensing.