Chief Legal Officer Lee Benjamin Seong sold 5,575 shares of RDDT on 2026-02-23 for $799,179.75, reducing stake 6.6% amid -35.1% 30-day decline.
Lee Benjamin Seong, Chief Legal Officer at Reddit, executed 8 separate sales totaling 5,575 shares for $799,179.75 on 2026-02-23, at a blended average price of $143.35. The stock has experienced significant recent weakness: -35.1% over 30 days and -47.5% from its 52-week high of $270.71, creating a backdrop of material price deterioration at the time of the sale. His cross-ticker track record shows a 100.00% well-timed rate across 20 prior open-market sells (meaning the stock fell after those sales), with an average 90-day return of -21.5%, though this track record is not specific to Reddit. At Reddit specifically, his 5 prior trades show a pattern of recent selling activity (three sales in January 2026, two in December 2025), with measurable 30-day outcomes of -46.3%, -46.2%, -46.2%, -3.8%, and +2.2%, yet none of these prior sales have yet reached the 90-day mark for outcome measurement. The sale occurs while Reddit's fundamentals remain strong (Revenue $584.9M, Net income $162.7M, annual revenue growth +69.4%, P/E 50.03), suggesting the transaction is responsive to recent market conditions rather than deteriorating business metrics.