Will Reddit executives sell >$64M in Q2 2026 (Apr-Jun)?

At the observed baseline of ~$32M/month, a full quarter would yield ~$96M, well above the $64M threshold. However, Vollero's plan expires before Q2 begins (Feb 2026) and Wong's expires mid-Q2 (May 6), removing two significant sellers. Even with these expirations, Huffman, Slowe, and Lee collectively sell ~$18.1M/month, yielding ~$54.3M over a full quarter. Wong selling through May 6 adds roughly $12.6M, putting expected total around $67M — just above threshold.

The $64M threshold over Q2 represents only ~$21.3M/month, well below the ~$32M/month baseline pace. Wong's plan expiring mid-Q2 is material headwind but remaining three executives at ~$18M/month combined over 3 months approaches or exceeds $64M. Threshold deliberately set below baseline creates tailwind.

Baseline pace supports exceeding $64M but plan expirations for Wong (May 6) and Vollero (Feb) create meaningful downside risk. The question is whether Huffman, Slowe, and Lee plus partial Wong selling can clear $64M. Estimated ~$67M puts it just above threshold with meaningful miss risk.

The $64M threshold requires only baseline continuation (~$32M/month x 2 months), not acceleration. Even with Wong's plan expiring mid-Q2 and Vollero's expired, remaining three executives have demonstrated capacity. Threshold is 33% below baseline pace.

Wong's plan expires May 6 (mid-Q2), eliminating his $12.6M/month run rate for June. Remaining insiders average ~$18M/month, yielding ~$54M baseline for Q2. Wong's partial contribution brings total to ~$59M, just below the $64M threshold.

The $64M threshold requires baseline continuation but key plan expirations create structural uncertainty. Without new plan adoptions, selling capacity may be constrained. Lee's plan provides runway but Huffman/Slowe expiration dates undisclosed.

Historical baseline of $32M/month projects to ~$96M for Q2, substantially exceeding $64M threshold. Wong's plan remains active through May 6, ensuring continued selling. Mechanical 10b5-1 plans provide predictability.

Wong's plan expiration May 6 removes largest seller for 33% of Q2. Remaining insiders average ~$18M/month for ~$54M baseline. Wong's partial contribution brings total to ~$59M, just below threshold.

Wong's plan expires May 6 mid-Q2. Lee has capacity through Dec 2026. Baseline pace supports exceeding threshold but plan expirations create structural discontinuity not reflected in trailing average.