They discuss the Directed Shares Program on page 224. https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm#i70181091183849eaa50

They discuss the Directed Shares Program on page 224. https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm#i70181091183849eaa50740c523e03e00_137525 https://www.sec.gov/Archives/edgar/data/1713445/000162828024... Briefly - Users & Moderators will be invited on 6 phased tiers. Accounts created on or before Jan 1st, 2024. T1 - Users identified by us who have made meaninful contribution to Reddit community programs. T2 - 200,000 Karma / 5,000 Mod actions T3 - 100,000 Karma / 2,500 Mod actions T4 - 50,000 Karma / 1,000 Mod actions T5 - 25,000 Karma / 500 Mod actions T6 - All eligible users Class A Common stock, # and % appears redacted.