FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/20/2024 |
3. Issuer Name and Ticker or Trading Symbol
Reddit, Inc. [ RDDT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Class A Common Stock | 50,425 | I | See footnote(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Class B Common Stock | (3) | (3) | Class A Common Stock | 437,987 | (3) | I | See footnote(1) |
Series D Preferred Stock | (4) | (4) | Class B Common Stock | 7,984,891 | (4) | I | See footnote(2) |
Series D-1 Preferred Stock | (5) | (5) | Class B Common Stock | 3,543,124 | (5) | I | See footnote(2) |
Series E Preferred Stock | (4) | (4) | Class B Common Stock | 2,354,370 | (4) | I | See footnote(2) |
Series F-1 Preferred Stock | (6) | (6) | Class A Common Stock | 1,076,997 | (6) | I | See footnote(2) |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. Held of record by Jojoba Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited ("Tencent"). |
2. Held of record by Tencent Cloud Europe B.V., a wholly-owned subsidiary of Tencent. |
3. Class B Common Stock, par value $0.0001 per share, is voluntarily convertible at any time, at the holder's election, into Class A Common Stock, par value $0.0001 per share, on a one-for-one basis and has no expiration date. |
4. Each of the Series D Preferred Stock and Series E Preferred Stock, each with a par value of $0.0001 per share, is voluntarily convertible on a one-for-one basis into shares of Class B Common Stock, prior to the closing of the initial public offering and has no expiration date. Upon the closing of the Issuer's initial public offering, all shares of Series D Preferred Stock and Series E Preferred Stock will convert automatically into shares of Class B Common Stock. The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a one-for-one basis. |
5. The Series D-1 Preferred Stock, par value of $0.0001 per share, is voluntarily convertible to Class D Preferred Stock on a one-for-one basis to the extent the sum of the voting power of all the shares of the capital stock of the Issuer held by Tencent Cloud Europe B.V. does not exceed 9.9% of all of the then-outstanding shares of the capital stock of the Issuer prior to the closing of the initial public offering. The Series D-1 Preferred Stock is also voluntarily convertible to Class B Common Stock on a one-for-one basis prior to the closing of the initial public offering and has no expiration date. Upon the closing of the Issuer's initial public offering, all shares of Series D-1 Preferred Stock will convert automatically into shares of Class B Common Stock. The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a one-for-one basis. |
6. The Series F-1 Preferred Stock, par value of $0.0001 per share, is voluntarily convertible to Class A Common Stock, on a one-for-one basis prior to the closing of the initial public offering and has no expiration date. Upon the closing of the Issuer's initial public offering, all shares of Series F-1 Preferred Stock will convert automatically into shares of Class A Common Stock. |
Tencent Holdings Limited By: /s/ Ma Huateng, Director | 03/18/2024 | |
Tencent Cloud Europe B.V. By: /s/ Constant Pieter van der Merwe, Director | 03/18/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |