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EdgarHawk

Gale Mary Porter

Director

Director
2 filings analyzed · 1 company · Latest 2025-02-25

Companies

Company Buys Sells Direction
Reddit, Inc. RDDT 0 8 Net selling

Activity

February 2025
2025-02-25 Reddit, Inc. RDDT
medium
Sell
20,000 shares
$3,394,250
Significance 5/10

Director Gale Mary Porter sold 20,000 RDDT shares for $3,394,250.00 on 2025-02-21, reducing holdings by 43.2%

Director Gale Mary Porter executed 2 separate sales totaling 20,000 shares for $3,394,250.00 at blended average price $169.71, reducing her holdings from 46,309 shares to 26,309 shares—a 43.2% reduction. Her 5 prior sales at RDDT all experienced positive 90-day returns (ranging +138.9% to +158.3%), meaning the stock rose after each prior sale; her same-ticker timing pattern shows 0 of 5 prior sells were well-timed. The current stock price is $159.99, down 12.3% over 30 days and down 29.0% from the 52-week high of $225.23, suggesting this sale occurred near elevated price levels relative to recent momentum. The company is on strong revenue growth trajectory (+61.7% annually) but remains unprofitable on a full-year basis, creating fundamental uncertainty that may inform portfolio decisions by long-term holders.

August 2024
2024-08-13 Reddit, Inc. RDDT
high
Sell
65,000 shares
$3,429,833
Significance 6/10

Director Gale Mary Porter sold 65,000 shares of RDDT across 6 transactions (2024-08-09 to 2024-08-13) for $3.4M at blended average $52.77.

Gale Mary Porter, a Director at Reddit, Inc., executed 6 separate sales totaling 65,000 shares for $3,429,832.51 over a four-day window in mid-August 2024, reducing her stake from 116,459 shares to 51,459 shares, a reduction of 55.8%. The blended average sale price of $52.77 sits between the 52-week low of $39.17 and the current price of $54.52, and the stock has declined 26.2% from its 52-week high of $73.85. The Company reported a net loss of $10,099,000.00 against revenue of $281,184,000.00 in its latest quarter. The sale magnitude and multi-tranche execution pattern merit observation in the context of recent equity weakness and the firm's current profitability position.

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