Reddit and RingCentral executives sell shares for tax obligations

Chief accounting officers at Reddit, Inc. and RingCentral, Inc. have completed recent stock transactions to satisfy tax obligations.

Michelle Marie Reynolds, Chief Accounting Officer of Reddit, disposed of 1,265 shares of Class A Common Stock on August 20. The transaction, valued at approximately $191,900, was an automatic withholding of shares to cover tax liabilities associated with the vesting of restricted stock units. Following the sale, Reynolds retains 13,795 shares.

Tarun Arora, Chief Accounting Officer of RingCentral, sold 1,876 shares on August 21 at an average price of $65.26, totaling $122,427.76. This sale was executed under a pre-arranged Rule 10b5-1 trading plan to cover tax withholding obligations related to equity award vesting. Arora maintains a position of 80,384 shares in the company.