Reddit Files 8-K: Financials and Board Changes

Ticker: RDDT · Form: 8-K · Filed: May 7, 2024 · CIK: 1713445

Sentiment: neutral

Topics: financial-results, corporate-governance, board-changes

Related Tickers: RDDT

TL;DR

Reddit dropped an 8-K: financial results are in, and there are board shakeups. Check the numbers!

AI Summary

On May 2, 2024, Reddit, Inc. filed an 8-K report detailing its financial results and changes in its board of directors. The filing includes information on the company's operations and financial condition, as well as the departure and election of directors and officers. Specific financial figures and executive compensation details are also part of the report.

Why It Matters

This filing provides investors with crucial updates on Reddit's financial performance and corporate governance, impacting the company's strategic direction and stock valuation.

Risk Assessment

Risk Level: medium — The filing contains financial results and corporate governance changes, which can introduce volatility and uncertainty for investors.

Key Players & Entities

FAQ

What specific financial information is being reported in this 8-K filing?

The filing indicates it contains information regarding Reddit, Inc.'s 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits'.

What corporate governance changes are detailed in the filing?

The filing addresses 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers'.

When was the earliest event reported in this 8-K filing?

The earliest event reported is dated May 2, 2024.

What is Reddit, Inc.'s state of incorporation and IRS Employer Identification No.?

Reddit, Inc. is incorporated in Delaware and its IRS Employer Identification No. is 45-2546501.

Where are Reddit, Inc.'s principal executive offices located?

Reddit, Inc.'s principal executive offices are located at 303 2nd Street, South Tower, 5th Floor, San Francisco, California 94107.

Filing Stats: 1,257 words · 5 min read · ~4 pages · Grade level 10 · Accepted 2024-05-07 16:15:37

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On May 7, 2024, Reddit, Inc. ("Reddit") issued a press release and a letter to shareholders announcing its financial results for the three months ended March 31, 2024. In the press release and letter, Reddit also announced that it would be holding a conference call on May 7, 2024 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its financial results for the three months ended March 31, 2024. Reddit will also solicit questions from the Reddit community in its investor relations subreddit r/RDDT at https://www.reddit.com/r/RDDT/ on Tuesday, May 7, 2024, and post responses following the earnings call at Reddit's Investor Relations website at https://investor.redditinc.com and r/RDDT at https://www.reddit.com/r/RDDT/. A copy of the press release and letter to shareholders are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. The information furnished pursuant to Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Reddit uses the investor relations page on its website https://investor.redditinc.com, as well as the subreddits r/RDDT and r/reddit, available at https://www.reddit.com/r/RDDT/ and https://www.reddit.com/r/reddit/ respectively, as means of disclosing material non-public information and for complying with its disclosure obligation under Regulation FD. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Ce

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are being filed herewith: Exhibit No. Description 99.1 Press release dated May 7 , 2024. 99.2 Letter to Shareholders dated May 7, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REDDIT, INC. Date: May 7, 2024 By: /s/ Steven Huffman Steven Huffman President and Chief Executive Officer

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