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Following the recent Initial Public Offering (IPO) of Reddit ($RDDT), significant insider sales have been reported, with CEO Steve Huffman selling over 1M shares worth approximately $16.2M, COO Jennifer Wong selling shares worth $16.6M, CTO Christopher Slowe selling $5.8M, and CFO Andrew Vollero selling $2.3M. These sales, which occurred less than a week after Reddit's IPO debut, raised discussions about the implications for the stock's future performance. It was noted that these insider sales were part of the IPO process, detailed in the prospectus, suggesting they were planned sales rather than spontaneous decisions based on the stock's current or future performance.
Reddit CEO Steve Huffman has sold ~$16.2M of stock in his own company since the IPO last week. COO Jennifer Wong has sold $16.6M. CTO Christopher Slowe has sold $5.8M. CFO Andrew Vollero has sold $2.3M. https://t.co/WgsG2P7r1i
Reddit CEO Steve Huffman has sold ~$16.2M since the company had its IPO last week. COO Jennifer Wong has sold $16.6M. CTO Christopher Slowe has sold $5.8M. CFO Andrew Vollero has sold $2.3M. https://t.co/tuRWpfWPEf
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
