According to Woofun AI, Reddit (RDDT.US) CEO Steve Hoffman cashed out by selling Class A shares, involving an amount of approximately $2.77 million. This move by executives to reduce their holdings quickly attracted market attention and became a key observation point for recent capital flows in the social media sector.
According to transaction details, Hoffman submitted documents to the US Securities and Exchange Commission through the XYZ Revocable Trust Agency on September 17, disclosing its holdings reduction in accordance with the 10b5-1 rule trading plan formulated on May 20, 2026.
According to data compiled by Woofun AI, he first used options to buy 17,308 shares at a price of $25.29 per share, then sold through multiple transactions. The weighted average transaction price ranged from $158.21 to $163.64. The compliance process was clear and the price range was clear.
In terms of market reaction, RDDT (RDDT.US) trading on the New York Stock Exchange fluctuated. At the end of Thursday's regular trading session, the stock price was reported at $152.83, a decrease of 3.03%; while during Thursday's abnormal trading session, the stock price rose slightly by 0.0067% to $152.84. Compared to historical extremes, the current price is well below the 52-week high of $282.95, but above the 52-week low of $119.27, and the stock price continued to be active after Friday's opening.
In terms of fundamentals, Reddit (RDDT.US), as a community-centered online platform, currently has a market capitalization of about 29.4 billion US dollars. However, its stock price has fallen by a cumulative total of 43.54% over the past 12 months, and its performance is significantly weaker than some technology stocks. Despite being selected in the list of the most valuable stocks to invest in, high volatility and sharp annual pullbacks still make investors cautious about medium-term trends.