Key transaction details
Reddit, Inc. (NASDAQ: RDDT) Chief Technology Officer Christopher Brian Slowe disclosed a sale of 11,900 shares of Class A Common Stock executed on January 22, 2026, according to a recent Form 4 filing. The sales took place across multiple transactions at prices between $210.95 and $215.70 per share, producing aggregate proceeds of $2,976,561.
Options exercise and share conversion
The same filing states Slowe exercised options to acquire 12,000 shares of Class A Common Stock at a strike price of $0. In addition, 12,000 shares of Class B Common Stock were converted into Class A Common Stock. The filing does not provide further context about the timing of the option grants or the reasons for the conversion beyond what is recorded in the Form 4.
Analyst coverage and firm outlooks
Several brokerages have recently issued notes on Reddit. Guggenheim reiterated a Buy rating and kept a price target of $245, emphasizing corporate product work such as a revamped onboarding experience and an updated search interface, which the firm expects to support user growth. Evercore ISI began coverage with an Outperform rating and a $320 price target, citing projected three-year revenue compound annual growth rates of 30%-40% and EBITDA CAGR of 40%-50%.
By contrast, Cantor Fitzgerald initiated coverage with a Neutral rating and a $240 price target, while noting Reddit’s scale with over 120 million daily active users. The recent analyst notes present differing perspectives on Reddit’s near-term valuation and growth trajectory.
Product tests aimed at transparency and engagement
Separately, Reddit has started testing verified profiles marked by grey checkmarks. The feature is intended to improve transparency on the platform and help users identify verified individuals and businesses, particularly during official brand announcements. Company communications referenced in the analyst notes frame these product changes as part of ongoing efforts to enhance user engagement and platform reliability.
What the filing shows and what it does not
The Form 4 documents the insider sale, the option exercise at a $0 strike, and the conversion of Class B to Class A shares. It does not explain the motivations behind Slowe’s transactions nor does it provide additional commentary on how these moves relate to the company’s operational plans or the analyst coverage summarized above.
Investors and market participants will need to interpret the factual disclosures alongside the varied analyst assessments and ongoing product tests to form their own view of Reddit’s prospects.