COO at Reddit, Inc. Sells $9.03 million in Stock

Jennifer Wong L., who serves as COO at Reddit, Inc. (RDDT), sold 60,000 shares of the company's stock, according to a disclosure filed with the U.S. Securities and Exchange Commission.

The transaction was executed at a price of $150.55 per share, for a total value of approximately $9.03 million.

Insider transactions of this kind are publicly disclosed through Form 4 filings with the SEC, which must generally be submitted within two business days of the trade date.

Insider sales are common and can occur for reasons unrelated to a company's outlook, including scheduled trading plans, diversification, or personal financial planning.