Tencent Holdings Ltd bought RDDT
March 25, 2024 · Form 4 insider transaction
Tencent Holdings Ltd bought 1,076,997 shares of Reddit, Inc., a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 2 days after the transaction.
Direction
Acquired (buy-side)
Shares
1,076,997
Price
N/A
Total value
N/A
InsiderTencent Holdings Ltd
Role10% owner
CompanyReddit, Inc. (RDDT)
SecurityClass A Common Stock
Transaction codeC: Conversion of a derivative
Transaction dateMarch 25, 2024
Filing dateMarch 27, 2024
Shares owned after4,276,997
OwnershipIndirect
10b5-1 planNo
AmendedNo
Footnotes
The Series F-1 Preferred Stock, par value of $0.0001 per share, automatically converted into Class A Common Stock on a one-for-one basis at the closing of the Issuer's initial public offering and had no expiration date.; Held of record by Tencent Cloud Europe B.V., a wholly-owned subsidiary of Tencent Holdings Limited ("Tencent").