Reddit ECONOMIC

Supply Chain & Sourcing Relationships

• Reddit’s 2025 filing describes a digital-platform business and consolidated operations, while its filed subsidiary exhibit lists entities across Australia, Brazil, Canada, France, Germany, India, Ireland, Mexico, the Netherlands, Portugal, Singapore, Spain, Türkiye, the United Kingdom, and the United States.^{1, 2}

• No public evidence identified of Reddit purchasing Israeli agricultural goods, using an Israeli importer of record, conducting seasonal procurement, or using Israeli indirect or white-label sourcing.^{1, 2}

• No verified primary procurement, tender, contract, customs, supplier, reseller, or corporate-registration record in the reviewed material links Reddit to Israeli state bodies, the IDF, the Israeli Ministry of Defense, settlement entities, Israeli suppliers, or Israeli resellers.^{1, 2}

• The reviewed materials do not establish an Israeli logistics hub, warehouse, manufacturing relationship, or other physical supply-chain operation operated by Reddit.^{1, 2}

• No public evidence identified of Reddit’s sales or distribution activity serving settlements.^{1, 2}

Product Origin, Labeling & Regulatory Compliance

• No public evidence identified of Reddit selling physical goods, handling Israel- or settlement-origin product labelling, or receiving customs or product-origin enforcement findings relating to settlement-origin goods.^{1, 2}

• Reddit’s disclosed business materials and subsidiary filing support assessment of a digital-platform company rather than a physical-goods seller, and the reviewed sources do not identify a Reddit product subject to Israeli-origin labelling requirements.^{1, 2}

• No verified record in the reviewed material identifies Reddit as an importer, exporter, manufacturer, distributor, or retailer of goods originating in Israel or occupied territory.^{1, 2}

Investment, Capital & Financial Exposure

• Reddit’s 2025 Form 10-K presents consolidated financial statements for Reddit, Inc. and its subsidiaries.¹

• The filed 2025 subsidiary exhibit names entities in multiple jurisdictions but does not name an Israeli-domiciled subsidiary.²

• This subsidiary-list finding is limited to the entities listed in the 2025 filing and does not by itself prove the absence of every possible Israeli commercial or financial exposure.²

• No public evidence identified in the reviewed filings and searches of a Reddit acquisition of, controlling stake in, R&D centre, data centre, logistics hub, or other operating investment in Israel or occupied territory.^{1, 2}

• No public evidence identified in the reviewed filings and searches of Reddit holdings in Israeli sovereign bonds, Israel-focused funds, OHCHR-listed companies, Israel Bonds distribution, sovereign or war-bond underwriting, or lending and insurance activity.^{1, 2}

• Reddit completed its initial public offering in March 2024, and its Class A common stock trades on the NYSE under the symbol RDDT.¹

• As of 31 March 2026, Reddit’s proxy reported Advance Magazine Publishers, Inc. as holding 65.2% of total voting power and Tencent-affiliated entities as holding 6.1%.³

• The same proxy reported that Steven Huffman’s direct or beneficial holdings, together with shares subject to irrevocable voting proxies, represented 76.1% of total voting power.³

• The reviewed materials do not provide Israel-specific revenue, asset, investment, tax, or exposure disclosures for Reddit.^{1, 2}

• Advance’s current corporate site describes Advance as a private, family-held company and identifies Reddit as one of its largest public-company shareholdings.⁴

• Contemporaneous secondary reporting identified Advance Publications as a participant in Taboola’s February 2015 $117 million Series E financing, alongside other strategic investors; no issuer press release, investor statement, or SEC filing retrieved in the reviewed material specifies Advance’s investment amount, stake, security type, governance rights, or closing-date ownership.⁵

• Taboola’s 2022 annual report records a commercial partnership between Advance Publications’ NJ.com site and Taboola Turnkey Commerce; this publisher-platform relationship is not evidence that Reddit used Taboola or that Reddit invested in Taboola, and the reviewed record confirms it only for 2022.⁶

• Taboola’s 2026 proxy lists College Top Holdings/Yahoo, Dan Tocatly, and Evergreen entities as the beneficial owners known to hold more than 5% of its ordinary shares as of 27 March 2026; Advance is not listed.⁷

• The Taboola proxy’s threshold-limited disclosure establishes no disclosed Advance holding above 5% as of 27 March 2026, but does not rule out a holding below 5%, an unreported economic interest, or an earlier sale or dilution.⁷

• Contemporaneous secondary reporting identified Advance Publications as a new investor in Gigya’s June 2012 $15.3 million financing, while the reviewed material contains no Gigya or Advance primary announcement specifying Advance’s invested amount, percentage, security type, or control rights.⁸

• Secondary trade reporting also identified Advance as participating in Gigya financing rounds in 2013 and 2014.⁹

• SAP’s acquisition history confirms that SAP acquired Gigya in September 2017, but the reviewed SAP materials do not identify Advance as a seller, disclose transaction consideration, or state any individual investor’s proceeds.¹⁰

• Secondary trade reporting stated that SAP’s acquisition would enable Advance to exit Gigya; this supports an exit lead but is not a primary transfer or payout record.⁹

• No public evidence identified in the reviewed current Advance materials or SEC-accessible sources of a continuing Advance ownership position in Gigya after SAP’s 2017 acquisition; this remains source-scoped because no closing cap table, stock-purchase agreement, or Advance private-company portfolio schedule was reviewed.^{10, 4}

• The historic Taboola and Gigya investments were attributed in the reviewed evidence to Advance, a current significant Reddit shareholder, rather than to Reddit, a Reddit subsidiary, or a documented Reddit commercial arrangement.^{3, 9, 8, 5}

• No public evidence identified in the reviewed sources that either historic investment created a current economic benefit for Reddit, that Reddit participated in either transaction, or that either investment supplied a political, military, Israeli-state, IDF, settlement, or occupied-territory nexus.^{1, 2, 3, 7, 10, 6, 9, 8, 5}

Operational Presence & Market Activity

• Reddit reported 2,555 employees at 31 December 2025, including 1,981 employees in the United States.¹

• Reddit states that it is headquartered in San Francisco and has several offices around the world.¹

• No public evidence identified of a Reddit office, warehouse, support centre, Israeli employment figure, Israeli tax registration, settlement-location operation, or reseller or intermediary serving settlements.^{1, 2}

• Reddit’s 14 October 2023 statement on the Israel-Hamas conflict described internal teams with linguistic and subject-matter expertise, automated detection tools, reporting channels for government officials and law-enforcement agencies, and escalation of conflict-related moderator reports.¹¹

• That statement does not identify an Israeli government contract, Israeli office, Israeli personnel presence, or paid-service arrangement.¹¹

• Reddit’s January–June 2025 transparency report recorded four German legal requests concerning Israel/Palestine-conflict discussion and stated that no account information was disclosed in those cases.¹²

• The cited January–June 2025 example does not report an Israeli government request.¹²

• Reddit’s July–December 2024 transparency report states that the company receives legal removal and account-information requests from governments, law enforcement, and third parties worldwide and describes review and objection procedures.¹³

• The reviewed July–December 2024 report section does not identify Israel-specific request or removal figures.¹³

Corporate Structure & Foundational Ties

• Reddit, Inc. is a Delaware corporation, incorporated in May 2011, with principal executive offices at 303 2nd Street, South Tower, 5th Floor, San Francisco, California 94107.¹

• Reddit’s 2025 consolidated financial statements cover Reddit, Inc. and subsidiaries.¹

• Reddit’s corporate materials describe Steve Huffman as a co-founder, CEO, president, and director, and state that he has served as CEO, president, and director since July 2015.^{3, 14}

• Reddit’s corporate materials state that Huffman and his college roommate participated in Y Combinator in 2005, leading to Reddit’s creation, which is distinct from the company’s 2011 Delaware incorporation.^{1, 14}

• Reddit’s corporate board page lists Steve Huffman, Dave Habiger, Bob Sauerberg, Porter Gale, Michael Seibel, Patricia Fili-Krushel, Steven O. Newhouse, and Sarah Farrell.¹⁴

• As of 31 March 2026, Reddit’s director nominees were Steven Huffman, Sarah Farrell, Patricia Fili-Krushel, Porter Gale, David Habiger, Steven O. Newhouse, Robert A. Sauerberg Jr., and Michael Seibel, with Habiger as Chair and Sauerberg as Vice Chair.³

• The 2026 proxy identifies Advance as a significant related stockholder and reports that Advance may designate Steven O. Newhouse and Robert A. Sauerberg Jr. as two directors.³

• Under the disclosed Governance Agreement and certificate of incorporation, selection of a Board Chair requires prior written approval from both Advance and Huffman while Huffman remains CEO.³

• Steven O. Newhouse is identified as co-president and a director of Advance Publications, Inc., the indirect parent of Advance.³

• Reddit’s disclosed related-party arrangements with Advance include Chicago and New York office subleases covering approximately 14,043 and 47,800 square feet, respectively, with stated expirations in 2027 and 2028.³

• No public evidence identified in the reviewed materials that Reddit was founded in Israel, is Israeli tax-resident, holds Preferred Technology Enterprise status, has Israeli state ownership or governance mechanisms, or operates an Israeli headquarters or dual headquarters.^{1, 2}

• No public evidence identified in the reviewed materials of an Israeli government board appointment, critical-infrastructure designation, government contract, golden-share arrangement, or other structural linkage between Reddit and the Israeli state.^{1, 2, 3}

• The supplied document-scoped pre-scan reported no Reddit mention in specified OHCHR settlement-database materials, UN reporting, and named civil-society reports, but this does not establish absence from all authoritative databases or historical records.¹⁵

• No Reddit-specific finding concerning settlement activity, Israeli state financing, Israeli defence activity, or occupied-territory operations was identified within the named canonical reports reviewed in the supplied source set.¹⁵

Profit Repatriation & Economic Contribution

• No public evidence identified of Reddit separately reporting Israeli revenue, workforce, tax contribution, profit repatriation to Israel, or a sector-anchor role in the Israeli economy.^{1, 2}

• Reddit’s reviewed 2025 filing and subsidiary exhibit do not provide Israel-specific disclosure of revenue, workforce, tax contribution, or repatriated profits.^{1, 2}

• The 776 Foundation’s fiscal-year 2024 filing identifies Alexis Ohanian as director, president, secretary, and treasurer, reports zero officer compensation, and reports $2,240,213 in charitable disbursements.¹⁶

• The same filing display includes a fiscal-year 2023 record identifying Ohanian in those officer roles and reporting $2,226,492 in charitable disbursements.¹⁶

• The available filing display did not render recipient-level grant detail, so the reviewed material does not support a recipient-specific finding on Israel, Palestine, or political-advocacy giving.¹⁶

• The reviewed materials do not establish Israeli corporate income-tax payments, Israeli payroll, Israeli charitable contributions, Israeli supplier spending, or profit distributions into Israel by Reddit.^{1, 2}

Source polarity and scope of operating-presence findings

The subsidiary exhibit lists entities outside Israel and names no Israeli-domiciled subsidiary; the operating disclosures reviewed do not identify an Israeli office or workforce. These are negative, filing-scoped observations. They must not be restated as affirmative findings that Reddit currently maintains an Israeli subsidiary or operation.^{1, 2} Advance/Tencent voting rights and US office subleases establish those disclosed relationships only; without a documented Israeli economic beneficiary they do not establish Israel-specific operations or financing.³

Supplemental grant-schedule access update

The earlier 776 Foundation rendering limitation was resolved by direct review of the embedded FY2024 and FY2023 returns. Their Part XIV schedules report grants of $1,782,585 and $1,912,500 respectively; the listed purposes are primarily individual travel/study, with FY2024 institutional grants to LIDE Haiti and Social and Environmental Entrepreneurs for birth FUND. No Israel/Palestine, settlement, military-welfare or anti-BDS purpose is identified on the face of these schedules; no private recipient affiliations are inferred.^{17, 18}