Reddit's CEO, Steve Huffman, sold 18,067 shares of Class A stock for approximately $3.5 million on November 14, 2025, according to a Form 4 filing with the SEC made public on November 18th and 19th. The transactions were conducted at prices ranging from $184.89 to $197.75 per share. The sale was executed under a Rule 10b5-1 trading plan, which was adopted by Huffman on May 19, 2025. On the same day as the sale, Huffman also exercised options to acquire 18,000 shares of Class A stock. The disclosure comes as Reddit's stock has declined over the past week, though analysts have recently reiterated positive outlooks and increased price targets following the company's strong third-quarter earnings report.