'Reddit' Executive Sells Company Shares Worth Billions After Exercising Options

Reddit, Inc. (NASDAQ: RDDT) recently disclosed that several senior executives, including its chief operating officer, exercised stock options on tens of thousands of shares and then either sold a large portion on the open market or transferred them to family trusts.

On March 18, COO Jennifer L. Wong exercised options on approximately 33,000 shares at $5.35 per share. Immediately afterward, she sold about 39,000 shares—held in her personal and family trust accounts—in tranches at roughly $143 to $146 per share, netting approximately $5.6 million. Even after these transactions, she retains around 1.08 million shares, valued at about $158 million.

Earlier, on March 9, CTO Christopher B. Slow exercised options at $7.92 per share and sold tens of thousands of shares on the market for roughly $1.55 million, transferring his remaining shares into a family trust. Then, on March 13, Sarah E. Farrell acquired about 10,000 Reddit shares through a partnership, investing approximately $1.39 million and raising her combined stake to a value of around $17 million.

In its February 5 earnings release for Q4 and full-year 2025, Reddit reported annual revenue of $2.2 billion and net income of $530 million. The company also approved a share repurchase program of up to $1 billion. Reddit noted that daily active users in Q4 surpassed 120 million, and quarterly revenue grew about 70% year over year, underscoring its strong user engagement and financial momentum.

Founded in 2005, Reddit is an online community platform known for its vast array of topic-based forums and anonymized user participation. It went public on the New York Stock Exchange in March 2024 at an opening price of $34 per share, valuing the company at approximately $6.4 billion. Co-founder and CEO Steve Huffman leads the management team alongside CTO Christopher B. Slow and COO Jennifer L. Wong. Reddit communities have also been widely recognized as the origin point of the “meme stock” phenomenon, notably during the GameStop episode.