Reddit's COO Sells 60,000 Shares Worth $9.7 Million Amid a 36% Stock Price Decline Over the Past Year

Reddit's Chief Operating Officer Jennifer Wong sold 60,000 shares worth $9.7 million on September 14, 2026, at a weighted average price of $162.33 per share. The sale was executed through a pre-established Rule 10b5-1 trading plan established in May 2026, indicating a scheduled liquidity event rather than a discretionary decision. Despite the stock's 36% decline over the past year, Wong retains over 1 million directly held shares, maintaining significant alignment with shareholder interests. Reddit continues to demonstrate strong fundamentals with 18% year-over-year growth in daily active users and eight consecutive quarters of over 60% revenue growth.