{
  "id": 15066635,
  "title": "Reddit COO Jennifer Wong sells $9m in stock on October 14",
  "url": "https://urgent.news/2026/10/16/reddit-coo-jennifer-wong-sells-9m-in-stock-on-october-14",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T23:01:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/reddit-coo-jennifer-wong-sells-9m-in-stock-on-october-14-93CH-4954969"
  },
  "original_language": "en",
  "account": "On October 14, 2026, Jennifer L. Wong, Reddit's Chief Operating Officer, made significant transactions involving the company's Class A Common Stock. She sold a total of 60,000 shares, generating approximately $9.03 million. These shares were sold within a range of $148.86 to $155.91 per share, executed under a Rule 10b5-1 trading plan she had adopted on May 12, 2026. The sale took place as Reddit's stock was trading at $156.14, marking a 32% decline year-to-date. Despite this, the stock was deemed undervalued by InvestingPro analysis, placing it on the platform's list of undervalued stocks. The same day, Wong also purchased 60,000 shares of Class A Common Stock through the exercise of stock options, amounting to about $1.31 million. These shares were bought between exercise prices of $20.76 and $25.29 per share. Following these transactions, Wong now directly holds 1,012,226 shares of Reddit Class A Common Stock, with an additional 36,000 shares indirectly owned by her through the MorMa Trust. Analyst opinions on Reddit's stock have varied recently, with some maintaining buy ratings and others expressing concerns about near-term risks to daily active user numbers.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Adaptive biotechnologies president & COO Rubinstein sells $897k stock",
        "url": "https://urgent.news/2026/10/16/adaptive-biotechnologies-president-coo-rubinstein-sells-897k-stock",
        "published": "2026-10-16T23:46:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}