On Monday, Steve Huffman, the CEO of Reddit, along with other top executives and board members, sold a total of $41.245 million worth of Reddit shares. Huffman sold 500,000 shares at an average price of $32.30, while CFO Vollero Andrew sold 71,765 Reddit shares for $2.318 million. Chief Operating Officer Jennifer Wong sold 514,000 shares for $16.602 million, and Chief Technology Officer Christopher Slowe sold 185,000 shares for $5.975 million. Additionally, board member David Habiger sold 3,000 shares for $102,000.
The news of share sales caused a dip in the Reddit stock price on Wednesday night. Shares fell by 4.85% to 54.95 after previously tumbling by 11.3% to 57.75 in Wednesday’s trading following a record high of 74.9
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