Form 4: Trade Desk Executive Jay R. Grant Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Jay R. Grant, Chief Legal Officer of Trade Desk, Inc., reported the disposal of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock awards.
Summary
- On February 15, 2025, Jay R. Grant, the Chief Legal Officer of Trade Desk, Inc., disposed of shares of Class A Common Stock to satisfy tax withholding obligations.
- These disposals were related to the vesting of restricted stock awards granted on April 28, 2021, April 26, 2022, April 24, 2023 and April 23, 2024.
- A total of 5,925 shares were disposed of at a price of $80.16 per share.
- Following these transactions, Grant directly owns 163,539 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock disposals for tax purposes, and does not indicate any positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. The disposal of shares to cover tax obligations upon vesting of restricted stock units is a standard practice.
Key Dates
| Date | Description |
|---|---|
| April 28, 2021 | Date of grant for one of the restricted stock awards. |
| April 26, 2022 | Date of grant for one of the restricted stock awards. |
| April 24, 2023 | Date of grant for one of the restricted stock awards. |
| April 23, 2024 | Date of grant for one of the restricted stock awards. |
| February 15, 2025 | Date of stock disposal to cover tax obligations. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Trade Desk, TTD, Jay R. Grant, Chief Legal Officer, Stock Disposal, Tax Withholding, Restricted Stock Award, Beneficial Ownership
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