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Reddit CEO Steve Huffman and other executives have been selling significant amounts of $RDDT stock following the company's IPO. Huffman sold over 1 million shares worth $32 million, while the COO and CTO also sold shares totaling $16 million and $6 million respectively. These sales were disclosed in the IPO prospectus to avoid selling at higher prices.
r/WSB mocking $RDDT CEO for cashing in on 500k shares 😂 https://t.co/K1tAnZihex
The folks best positioned to know if $RDDT has any chance of success are selling their stock just days after going public. https://t.co/Mp7rDbIfmN
$RDDT - Make sure you read the IPO docs. https://t.co/Hf7rPMC60O