Trade Desk (TTD) grants CFO Olmstead 246K RSUs and 440K options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trade Desk, Inc. granted its Chief Financial Officer, Nathan Olmstead, 246,062 shares of Class A common stock as a restricted stock award and 439,753 stock options with a $19.75 exercise price, all held directly.
For the restricted stock, one-fourth of the shares vest on August 15, 2027, with the remaining shares vesting ratably over 12 quarters thereafter, subject to continued employment. For the options, one-fourth of the shares vest on the first anniversary of the July 9, 2026 vesting commencement date, then 1/48 vests monthly, also contingent on continued employment, and the options expire on July 9, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Olmstead Nathan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 439,753 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 246,062 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 439,753 shares (Direct);
Class A Common Stock — 246,062 shares (Direct)
Footnotes (1)
- Represents a restricted stock award with a Vesting Commencement Date ("VCD") of July 9, 2026. One-fourth (1/4th) of the granted shares vest on August 15, 2027, and the remainder of the granted shares vest ratably over 12 quarters on each quarterly anniversary thereafter, subject to continued employment with the Issuer through the applicable vesting dates. The option was granted on July 9, 2026, the VCD. One-fourth (1/4th) of the shares subject to the option vest on the first anniversary of the VCD, with one forty-eighth (1/48th) of the shares subject to the original grant vesting on each monthly anniversary thereafter, subject to continued employment with the Issuer through the applicable vesting dates.
Key Figures
Restricted Stock Award: 246,062 shares
Stock Options Granted: 439,753 options
Option Exercise Price: $19.75 per share
+3 more
6 metrics
Restricted Stock Award
246,062 shares
Class A common stock granted to CFO Nathan Olmstead
Stock Options Granted
439,753 options
Employee stock options exercisable into Class A common stock
Option Exercise Price
$19.75 per share
Exercise price for the 439,753 employee stock options
Restricted Stock Vesting Start
July 9, 2026
Vesting Commencement Date for restricted stock award
First RSU Vest Date
August 15, 2027
One-fourth of restricted shares vest on this date
Option Expiration
July 9, 2036
Expiration date for the employee stock options
Key Terms
restricted stock award, Vesting Commencement Date, Employee Stock Option (Right to Buy), ratably
4 terms
restricted stock award financial
"Represents a restricted stock award with a Vesting Commencement Date"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Vesting Commencement Date financial
"Represents a restricted stock award with a Vesting Commencement Date ("VCD")"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
ratably financial
"the remainder of the granted shares vest ratably over 12 quarters"
FAQ
What equity awards did Trade Desk (TTD) grant to CFO Nathan Olmstead?
Trade Desk granted CFO Nathan Olmstead a 246,062-share restricted stock award and 439,753 employee stock options. The options carry a $19.75 exercise price and are exercisable into Class A common stock, subject to multi-year vesting.
How does the restricted stock for Trade Desk (TTD) CFO vest?
The 246,062 restricted shares have a vesting commencement date of July 9, 2026. One-fourth vests on August 15, 2027, with the balance vesting ratably over 12 quarterly anniversaries, contingent on continued employment.
What are the key terms of the Trade Desk (TTD) stock options granted to the CFO?
Olmstead received 439,753 stock options at an exercise price of $19.75 per share. One-fourth vests on the first anniversary of the July 9, 2026 vesting commencement date, then 1/48 vests monthly, with expiration on July 9, 2036.
Are the new Trade Desk (TTD) equity awards to the CFO directly owned?
Yes. The filing shows both the restricted stock and the stock options as directly held by Nathan Olmstead, with post-transaction holdings equal to the full granted amounts for each award.
Does the Trade Desk (TTD) Form 4 show any stock sales by the CFO?
No. The Form 4 reports only acquisitions via grants of restricted stock and options. The transaction codes are A (grant, award, or other acquisition), with no reported sales, gifts, or tax-withholding dispositions.
Over what period will Trade Desk (TTD) CFO’s new option grant vest?
The options begin vesting one year after the July 9, 2026 vesting commencement date. One-fourth vests then, while the remaining three-fourths vest in equal monthly installments over the following 36 months, subject to continued employment.