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On Wednesday, Reddit CEO Steve Huffman and other top executives and board members revealed their share sales, causing RDDT stock to fall overnight. In response to this news, the stock experienced a 4.85% decline in late trade, reaching 54.95.

Just a week after the social network’s initial public offering, Steve Huffman sold 500,000 shares on Monday at an average price of $32.30, resulting in a total of $16.15 million. CFO Vollero Andrew sold 71,765 Reddit shares for $2.318 million, while Chief Operating Officer Jennifer Wong sold 514,000 shares for $16.602 million. Chief Technology Officer Christopher Slowe sold 185,000 shares for $5.975 million, and Chief Accounting Officer Michelle Reynolds sold 3,033 RDDT shares for $97,966. Additionally, board member David Habiger sold 3,000 shares for $102,00

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