Reddit CEO Steve Huffman sold 18,067 shares of Class A stock for approximately $3.5 million on November 14, 2025, according to a recent SEC filing. The transactions were made at prices ranging from $184.89 to $197.75 per share. Following the sale, Huffman still holds 485,958 shares of Reddit's Class A common stock. The sale was conducted under a Rule 10b5-1 trading plan, which was adopted by Huffman on May 19, 2025. Such plans allow company insiders to set up a predetermined schedule for selling stocks at a later date, providing an affirmative defense against accusations of trading on nonpublic information. This news comes as some analysts have shown a positive outlook on the company. For instance, Truist Securities and Jefferies recently reiterated their 'Buy' ratings, with price targets of $270 and $300, respectively. Morgan Stanley also raised its price target to $250. The stock has declined over the past week, though the articles do not specify a direct link between this insider sale and the recent price movement.