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00:02Reddit shares were trending Friday after CEO Steve Huffman disclosed the sale of 17,308
00:07Class A shares for approximately $2.77 million.
00:11According to a September 17 SEC filing, Huffman exercised options to acquire the shares at
00:17$25.29 each before selling them in multiple transactions at weighted average prices ranging
00:24from $158.21 to $163.64.
00:30The transactions were made through the XYZ Revocable Trust under a Rule 10B5-1 trading plan adopted
00:36on May 20.
00:37Reddit shares have fallen 43.54% over the past 12 months and remain well below their 52-week
00:43high of $282.95.
00:46Shares were up by 0.5% to $153.60 in Friday's pre-market trading, according to Benzinga
00:53Pro data.
00:54For all things money, visit Benzinga.com.
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