By Reuters | Updated: May 04, 2024
May 3 (Reuters) – Reddit (RDDT.N) co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday.
Those shares were equivalent to 61.5% of the share class, based on a calculation that includes factors such as the right to acquire more shares by exercising stock options and the conversion of Class B shares into Class A shares, according to the filing.
Reddit, whose initial public offering in March valued the company at $6.4 billion, will report quarterly results for the first time on Tuesday.
@ Thomson Reuters 2024
