Wong Jennifer L., Chief Operating Officer, has filed 199 Form 4 transactions across three companies, with a total sell value of $135.2 million and zero open-market purchases. Every recent trade in the dataset is a sale of RDDT, the ticker for Reddit, and the pattern is consistent: large blocks sold on the 14th of August and the 15th of July, 2026, each paired with option exercises coded M.
The August 14 cluster is the heaviest. Wong sold roughly $13.1 million in RDDT that day, spread across ten S transactions ranging from $73,580 to $3.9 million. Two M exercises preceded those sales, worth $379,350 and $321,000, which is the mechanical step of converting options into shares before disposing of them. The July 15 cluster shows the same structure: fourteen S trades totaling about $7.7 million, with values from $20,414 to $2.1 million, plus one M exercise of $209,543.45.
The selling is one-directional. There are no P codes, no open-market buys, and no acquisitions of new shares outside of option exercises. The total buy value is zero. The recent window, 22 sells and no buys, matches the lifetime record: this officer has sold $135.2 million worth of stock and never bought any on the open market. The M and S pairing is standard for a compensated executive, but the scale is large, and the absence of any purchase activity means the bias is entirely toward liquidity, not accumulation.
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