Reddit COO Jennifer Wong sells $9.7 million in class A shares

Reddit COO Jennifer L. Wong sold approximately $9.7 million worth of Class A common shares on September 14, 2026. The sales were made at share prices ranging from $158.04 to $165.90 per share, following the exercise of stock options. Ms. Wong acquired these shares through the exercise of fully vested stock options, totaling 60,000 shares.

She then proceeded to sell 59,000 shares in multiple trades, with the weighted average prices for individual blocks including $158.04, $159.13, $159.84, $161.06, $162.34, $163.16, $164.17, $165.09, and $165.90. The total value of the sales was $9,739,588. Despite recent stock volatility, Reddit's PEG ratio of 0.13 indicates an attractive valuation relative to its growth prospects.

Ms. Wong now directly holds 1,012,226 shares of Reddit Class A common stock, with an additional 36,000 shares indirectly owned through the MorMa Trust. Reddit Inc. also reported an 8% month-over-month increase in its user base for August, driven by a 79 million increase in Feed users. Industry experts have expressed varying opinions on Reddit's future, with some analysts maintaining Buy ratings and price targets well above current share prices.