Reddit plans to offer stock to a select group of users and moderators ahead of its upcoming IPO, according to an email obtained from a moderator of multiple subreddits. At approximately 12:43PM today, a subset of Reddit users and moderators were contacted simultaneously via DM and email with an invite to pre-register for a Directed Share Program. It also included an as-of-yet incomplete set of terms and legal disclosures, blended with the occasional meme.