The disposition involved 60,000 shares executed at a weighted average price of $162.33 per share, totaling ~$9.7 million in proceeds on September 14, 2026.
The transaction size represented 6% of the equity stake held prior to the filing.
The COO executed the sale directly following an option exercise, while 36,000 shares remain held indirectly through the MorMa Trust.
Jennifer L. Wong, Chief Operating Officer of Reddit, Inc. (NYSE:RDDT), reported a sale of 60,000 shares of Class A Common Stock on September 14, 2026, according to an SEC Form 4 filing.
| Metric | Value |
|---|---|
| Transaction value | ~$9.7 million |
| Shares sold | 60,000 |
| Post-transaction shares (directly held) | 1,012,226 |
| Post-transaction shares (indirectly held) | 36,000 |
| Post-transaction value | ~$170.21 million |
Transaction value based on SEC Form 4 weighted average sale price ($162.33); post-transaction value based on September 14, 2026 market close ($162.38).
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-16) | $157.60 |
| Market Capitalization | $31.0 billion |
| Revenue (TTM) | $2.8 billion |
| Net Income (TTM) | $871.1 million |
Reddit maintains a dominant position as one of the internet’s largest community-driven platforms, with a user base generating substantial engagement across millions of specialized communities. The company has demonstrated strong financial performance with TTM revenue of $2.8 billion, reflecting successful monetization of its advertising and subscription offerings.
Reddit’s competitive advantages include its unique user-generated content model, highly engaged and loyal user communities, and valuable proprietary data derived from authentic user discussions and behavior patterns.
COO Jennifer Wong’s September 14 sale of Reddit stock at a weighted average price of $162.33 occurred as shares were down substantially from a 52-week high of $282.95. However, investors can’t read too much into this transaction, since it was executed as part of a pre-established Rule 10b5-1 plan rather than a market-timed investment decision.
Moreover, Wong’s post-disposal equity position remains significant with over one million directly held shares. This ensures her continued alignment with shareholder interests.
Reddit’s stock has declined in 2026 compared to 2025 as a result of its sky-high valuation combined with a lack of catalysts to buoy the share price. Its forward earnings multiple was nearly 70 at the end of last year, so the stock was poised for a correction.
That said, the company is doing well. In the second quarter, daily active users climbed 18% year over year to 130.3 million. This helped it achieve $804.9 million in Q2 sales, which represents the eighth consecutive quarter of more than 60% year-over-year revenue growth.
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Robert Izquierdo has positions in Reddit. The Motley Fool has positions in and recommends Reddit. The Motley Fool has a disclosure policy.
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