Lee Benjamin Seong

Lee Benjamin Seong, Chief Legal Officer of Reddit (RDDT), has demonstrated a pronounced selling bias in recent insider transactions, with no recorded purchases since at least late 2025. According to SEC Form 4 filings, Seong executed 19 sales totaling approximately $33.97 million against just $792,000 in historical buy activity—a nearly 43-to-1 ratio favoring disposals. The transactions cluster in late 2025 and early 2026, with multi-million-dollar sales on December 16, 2025 ($5.07 million, $2.06 million, and $2.20 million), December 18 ($4.50 million), and January 7, 2026 ($5.64 million and $1.63 million). Smaller but consistent sales followed through February 2026, including six transactions on February 23 ranging from $15,003 to $241,298. The activity suggests systematic divestment, with sales often accompanied by smaller "M"-coded transactions (likely option exercises or tax withholdings). Notably, Seong’s disposals span both large block trades and incremental sales, indicating a phased approach. All transactions involve Reddit stock, with no diversification across other securities. The absence of recent buys—coupled with the frequency and scale of sales—paints a clear directional trend, though the filings do not specify whether the sales were pre-scheduled (e.g., 10b5-1 plans). The $954,667 "F"-coded transaction on February 20, 2026, may represent a derivative settlement or transfer, further underscoring the focus on reducing exposure to RDDT equity.