Reddit's COO Reported a Disposition and Still Holds More Than 1 Million Shares. Here's What to Know

Reddit's COO Jennifer Wong sold 38,113 shares worth $5.8 million to satisfy tax withholding obligations on vested restricted stock units, while maintaining a direct holding of over 1 million shares valued at $152.15 million. Despite strong advertising growth of 64% last quarter, Reddit's stock fell 21% after earnings as growth rates decelerate and the company faces pressure to extract more revenue per user.