Reddit cofounder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media firm, a regulatory submitting confirmed on Friday.
These shares have been equal to 61.5% of the share class, primarily based on a calculation that features components corresponding to the appropriate to amass extra shares by exercising inventory choices and the conversion of Class B shares into Class A shares, based on the submitting.
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Reddit, whose preliminary public providing in March valued the corporate at $6.4 billion, will report quarterly outcomes for the primary time on Tuesday.
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