Reddit's Chief Legal Officer, Lee Benjamin Seong, exercised options to acquire 75,000 shares at $7.92 per share and sold an equivalent number of shares on March 4, 2025, under a Rule 10b5-1 trading plan. The sales were executed in 16 separate transactions with prices ranging from $149.17 to $164.34 per share. Such substantial sell-offs by executives are often interpreted as a signal that the stock price may be overvalued, warranting close attention from investors.