The Trade Desk SEC Filings

Insider stock withholding for taxes following RSU vesting at Trade Desk (TTD)

Samantha Jacobson, a director and Chief Strategy Officer at Trade Desk, reduced her direct holdings via a series of share withholdings related to the partial vesting of restricted stock units. On 08/15/2025 she had multiple transactions withholding a total of 6,445 shares at $52.12 per share to satisfy tax obligations tied to RSU grants from 2021 through 2025. After these withholdings her reported direct Class A common stock holdings ranged from 166,952 down to 161,138 shares across the reported lines.

Jay R. Grant, Chief Legal Officer of The Trade Desk, Inc. (TTD) reported multiple dispositions on 08/15/2025 where shares were withheld to satisfy tax withholding related to partial vesting of restricted stock awards. Specifically, 1,766; 2,652; 2,077; and 2,847 shares were withheld at a price of $52.12 per share, reducing his reported beneficial ownership to 216,480, 213,828, 211,751, and 208,904 shares respectively following each transaction. The filings state each withholding corresponds to awards originally granted in April 2022, 2023, 2024, and 2025. The transactions are routine tax-withholding events tied to vesting of equity compensation and were signed by an attorney-in-fact on behalf of the reporting person.

Insider stock withholdings for tax obligations reduced Laura Schenkein's reported Class A common stock holdings at Trade Desk, Inc. (TTD). On 08/15/2025 the reporting person reported multiple dispositions identified as tax-withheld shares related to partial vesting of restricted stock/unit awards granted between 2022 and 2025. Each disposition recorded a price of $52.12 per share. After the reported withholdings, the reporting person beneficially owned 737,222 shares of Class A common stock. The transactions are described as withholding to satisfy tax withholding obligations upon vesting rather than open-market sales.

Jeffrey Terry Green, President and CEO of The Trade Desk, Inc. (TTD), reported transactions dated 08/15/2025 on a Form 4. The filing shows a transfer of 28,028 Class A common shares from Mr. Green to a trust for which he is a trustee, recorded as a disposition. The same number of shares also appears as acquired on the Form 4 with an indirect ownership notation tied to the Jeff Green Trust.

After the reported transactions Mr. Green beneficially owns 313,885 shares directly and holds indirect beneficial ownership of 58,365 shares through the Jeff Green Trust and 670,901 shares through the Jeff T. Green Family Foundation. The Form 4 is signed by an attorney-in-fact on 08/19/2025.

Omar Tawakol, a Trade Desk (TTD) director, received two restricted stock awards totaling 6,818 Class A shares on 08/11/2025 as director compensation. One grant of 3,805 shares was issued as an initial director equity award under the Issuer's 2025 Incentive Award Plan and the Non-Employee Director Compensation Policy and vests quarterly over three years, subject to continuous board service. A second grant of 3,013 shares was issued as a prorated annual director grant and vests in three installments (1,125 shares on 11/27/2025; 960 on 02/27/2026; 928 on 05/27/2026) or earlier on specified corporate meeting dates, with unvested shares vesting in full at the next annual meeting if applicable. Both awards were issued at $0 as equity compensation, and the reporting person holds 6,818 Class A shares following the transactions.

Jay R. Grant, Chief Legal Officer of Trade Desk, Inc. (TTD), reported multiple option exercises and share sales on 08/07/2025. He exercised employee stock options to acquire a total of 30,963 Class A shares at exercise prices of $74.637, $59.57 and $61.46, and then sold shares under a pre-established 10b5-1 trading plan. The sales comprise 5,120, 10,313, 15,530 and 20,327 Class A shares, totaling 51,290 shares, at reported prices around $91.30 (weighted average with reported range to $91.41).

The Form 4 shows the transactions were effected pursuant to a 10b5-1 plan adopted March 11, 2025, and the reporting person’s beneficial ownership in Class A common stock is reported as 218,246 shares (direct) following the transactions.

The Trade Desk (TTD) delivered another growth quarter. Q2 2025 revenue rose 19% YoY to $694 M, lifting six-month revenue 22% to $1.31 B. Operating income increased 23% to $116.8 M (17% margin) and net income reached $90.1 M, or diluted EPS $0.18, versus $0.17 last year. Cash-generating ability remained strong: operating cash flow was $456 M YTD, up 71%.

Balance sheet highlights: Cash & equivalents declined to $896 M from $1.37 B at FY-24 mainly due to $657 M of share repurchases; $375 M remains authorized. Short-term investments grew to $791 M. The company ended the quarter debt-free with $443 M undrawn on its $450 M revolving credit facility.

Cost trends: Total operating expenses climbed 18% YoY to $577 M. Hosting (platform operations) jumped 37% reflecting higher impression volume and new data centers; stock-based compensation remained significant at $129 M for the quarter, though CEO option expense declined. Despite spend, TTD preserved profitability and generated positive free cash flow after $104 M of capex.

Capital allocation & risk: Aggressive buybacks and litigation (securities, privacy and governance cases) are notable headwinds, but the firm’s solid liquidity, absence of debt and 86% U.S. gross billings mix provide resilience.