Percepts of ambiguous information are subjective and depend on observers’ traits and mental states. Social information is some of the most ambiguous content we encounter in our daily lives, yet in experimental contexts, percepts of social interactions—i.e., whether an interaction is present and if so, the nature of that interaction—are often dichotomized as correct or incorrect based on experimenter-assigned labels. Here, we investigated the behavioral and neural correlates of conscious social perception using a large dataset in which neurotypical individuals viewed animations of geometric shapes during fMRI and indicated whether they perceived a social interaction or random motion. Critically, rather than experimenter-assigned labels, we used observers’ own reports of “Social” or “Non-social” to classify percepts and characterize brain activity, including leveraging a particularly ambiguous animation perceived as “Social” by some observers but “Non-social” by others to control for visual input. Observers were biased toward perceiving information as social (versus non-social), and activity across much of the brain was higher during animations ultimately perceived as social. Using “Unsure” reports, we identified several regions that responded parametrically to perceived socialness. Neural responses to social versus nonsocial content diverged early both in time and in the cortical hierarchy. Lastly, individuals with higher internalizing trait scores showed both a higher response bias towards social and an inverse relationship with activity in default-mode and limbic regions while scanning for social information. Findings underscore the subjective nature of social perception and the importance of using observer reports to study percepts of social interactions.Significance StatementSimple animations involving two or more geometric shapes have been used as a gold standard to understand social cognition and impairments thereof. Yet experimenter-assigned labels of what is social versus non-social are frequently used as a ground truth, despite the fact that percepts of such ambiguous social stimuli are highly subjective. Here, we used behavioral and fMRI data from a large sample of neurotypical individuals to show that participants’ responses reveal subtle behavioral biases, help us study neural responses to social content more precisely, and covary with internalizing trait scores. Our findings underscore the subjective nature of social perception and the importance of considering observer reports in studying its behavioral and neural dynamics.