Form 4: Trade Desk Executive Jay R. Grant Reports Stock and Option Awards

Jay R. Grant, Chief Legal Officer of Trade Desk, Inc., reports the acquisition of restricted stock and stock options.

Summary

• On April 15, 2025, Jay R. Grant, the Chief Legal Officer of Trade Desk, Inc., reported the acquisition of 82,378 shares of Class A Common Stock and options to purchase 157,515 shares.
• The restricted stock award vests over time, starting August 15, 2025, with one-sixteenth vesting then and the remainder vesting ratably over 15 quarters.
• The stock options vest monthly, with one forty-eighth of the shares vesting each month from the grant date, April 15, 2025.
• Following these transactions, Grant directly owns 245,917 shares of Class A Common Stock and options for 157,515 shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of stock and option awards.

Positives

• The vesting of stock options and restricted stock awards aligns the executive's interests with the long-term performance of the company.
• The vesting schedules encourage continued employment with the Issuer.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies to align executive compensation with company performance.

Stakeholder Impact

• The vesting of stock options and restricted stock awards can incentivize the executive to improve company performance, potentially benefiting shareholders.
• The dilution effect of these awards is minimal.

Key Dates

Keywords

Trade Desk, Jay R. Grant, stock options, restricted stock, Class A Common Stock, beneficial ownership, Form 4, insider trading