Form 4: The Trade Desk CEO Jeffrey Green Reports Stock Transactions
SEC Form 4
Jeffrey Green, CEO of The Trade Desk, reports multiple transactions involving Class A Common Stock, including acquisitions via option exercises and a transfer to a trust.
Summary
- Jeffrey Green, the CEO of The Trade Desk, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On August 28, 2024, Green executed multiple transactions involving Class A Common Stock.
- These transactions included the acquisition of shares through the exercise of employee stock options at prices ranging from $24.949 to $61.46.
- He acquired 370 shares at $27.444, 5,730 shares at $24.949, 3,330 shares at $33.001, 53,450 shares at $30.001, and 72,500 shares at $61.46.
- Green also transferred 135,380 shares to a trust held by him.
- Following these transactions, Green directly owns 146,501 shares of Class A Common Stock.
- He also indirectly owns 516,212 shares through the Jeff Green Trust and 825,216 shares through the Jeff T. Green Family Foundation.
- Green continues to hold options to purchase 272,613 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the exercise of options could be seen as a mild positive.
Positives
- The exercise of stock options by the CEO could be interpreted as a positive signal, indicating confidence in the company's future performance.
Industry Context
Executive stock transactions are common and closely watched as indicators of management's confidence in the company's prospects. Option exercises are a routine part of executive compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership percentages.
Key Dates
| Date | Description |
|---|---|
| 12/09/2019 | Date of grant for some employee stock options. |
| 05/15/2020 | Date of grant for some employee stock options. |
| 06/16/2021 | Effective date of 10-for-1 stock split. |
| 04/24/2023 | Date of grant for some employee stock options. |
| 08/28/2024 | Date of the reported transactions. |
| 08/30/2024 | Date of signature on the Form 4 filing. |
| 12/09/2024 | Expiration date for some employee stock options. |
| 05/15/2025 | Expiration date for some employee stock options. |
| 05/15/2030 | Expiration date for some employee stock options. |
| 04/24/2033 | Expiration date for some employee stock options. |
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