Reddit's CFO Just Disposed of 10,319 Shares. Here's What Long-Term Investors Should Know

Reddit's CFO Andrew Vollero sold 10,319 shares worth $1.6 million on August 20 to cover tax obligations from a vesting event. This non-discretionary sale reduced his holdings by 4%, though he retains $35.16 million in direct equity. The company expects $140-155 million in stock-based compensation expenses in Q3 as older grants vest at higher prices. Reddit's operating cash flow exceeded $1 billion on a trailing basis, and the company spent $235 million on buybacks last quarter.