Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows

Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media firm, a regulatory filing confirmed on Friday.

These shares had been equal to 61.5 per cent of the percentage class, in step with a calculation that capabilities factors a lot just like the factual to make more shares by exercising inventory alternate choices and the conversion of Class B shares into Class A shares, in step with the filing.

Reddit, whose initial public offering in March valued the firm at $6.4 billion, will characterize quarterly results for the fundamental time on Tuesday.