ADVANCE PUBLICATIONS, INC 3
3 · Reddit, Inc. · Filed Mar 20, 2024
Insider Transaction Report
Form 3
Reddit, Inc.RDDT
Advance Magazine Publishers Inc.
Director10% Owner
Holdings
Class B common stock, par value $0.0001 per share
Exercise: $0.00→ Class A common stock (34,102,500 underlying)Series F-1 preferred stock
Exercise: $0.00→ Class A common stock (16,182 underlying)Series A preferred stock
Exercise: $0.00→ Class B common stock (7,500,000 underlying)Series E preferred stock
Exercise: $0.00→ Class B common stock (588,592 underlying)
Footnotes (2)
- [F1]The Class B common stock is convertible into an equal number of shares of Class A common stock at any time, at the holder's election. Each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers set forth in the amended and restated certificate of incorporation of Reddit, Inc. (the "Company"), or upon the first date the aggregate number of then-outstanding shares of Class B common stock ceases to represent at least 7.5% of the aggregate number of then-outstanding shares of the Company's Class A and Class B common stock.
- [F2]Each share of preferred stock, other than any share of Series F-1 preferred stock, is convertible on a one-for-one basis into Class B common stock at any time at the holder's election. Each share of Series F-1 preferred stock is convertible on a one-for-one basis into Class A common stock at any time at the holder's election. The preferred stock will convert automatically upon the closing of the Company's initial public offering.