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Trade Desk (TTD) CLO stock withheld to cover tax bill

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Trade Desk, Inc. (TTD) reported that Chief Legal Officer Jay R. Grant had shares of Class A common stock withheld on August 15, 2026 to satisfy tax withholding obligations tied to vesting restricted stock awards. Four code F transactions covered 13,355 shares in total at a reference price of $14.14 per share, with all dispositions reported as direct ownership and described as tax-withholding events rather than open-market sales.

Positive

  • None.

Negative

  • None.
Insider GRANT JAY R
Role Chief Legal Officer
Type Security Shares Price Value
Tax Withholding Class A Common Stock F1 2,652 $14.14 $37K
Tax Withholding Class A Common Stock F2 2,076 $14.14 $29K
Tax Withholding Class A Common Stock F3 2,848 $14.14 $40K
Tax Withholding Class A Common Stock F4 5,779 $14.14 $82K
Holdings After Transaction: Class A Common Stock — 334,466 shares (Direct)
Footnotes (4)
  1. F1. The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted April 24, 2023.
  2. F2. The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted April 23, 2024.
  3. F3. The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted April 15, 2025.
  4. F4. The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted March 3, 2026.
Shares withheld (F1 transaction) 2,652 shares Class A Common Stock withheld for taxes on April 24, 2023 RSA vesting
Shares withheld (F2 transaction) 2,076 shares Class A Common Stock withheld for taxes on April 23, 2024 RSA vesting
Shares withheld (F3 transaction) 2,848 shares Class A Common Stock withheld for taxes on April 15, 2025 RSA vesting
Shares withheld (F4 transaction) 5,779 shares Class A Common Stock withheld for taxes on March 3, 2026 RSA vesting
Total shares in tax-withholding dispositions 13,355 shares Aggregate of four code F transactions on August 15, 2026
Transaction price per share $14.14 per share Reference price for each Class A Common Stock disposition on August 15, 2026
Restricted Stock Award financial
"in connection with the partial vesting of a Restricted Stock Award granted April 24, 2023"
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.
tax withholding obligations financial
"withheld at the election of the Reporting Person to satisfy tax withholding obligations"
code F financial
"Payment of tax liability by delivering or withholding securities (code F)"
Reporting Person regulatory
"The shares were withheld at the election of the Reporting Person to satisfy tax"

FAQ

What insider activity did Trade Desk (TTD) disclose for Jay R. Grant on August 15, 2026?
Jay R. Grant reported four code F dispositions of Trade Desk Class A shares on August 15, 2026. These were shares withheld to cover tax obligations arising from vesting restricted stock awards, not open-market purchases or sales.

How many Trade Desk (TTD) shares were involved in Jay R. Grant’s latest Form 4?
The Form 4 reports a total of 13,355 shares of Trade Desk Class A common stock. These shares were withheld in four separate transactions to satisfy tax withholding obligations associated with partial vesting of restricted stock awards.

What was the reference price per Trade Desk (TTD) share in Jay R. Grant’s Form 4 transactions?
Each of the reported transactions used a reference price of $14.14 per share for Trade Desk Class A common stock. This price applies to the tax-withholding dispositions and is disclosed on the Form 4 as the transaction price per share.

Were Jay R. Grant’s Trade Desk (TTD) Form 4 transactions open-market sales?
No. The filing describes the transactions as payment of tax liability by delivering or withholding securities. Footnotes clarify that shares were withheld at Grant’s election to cover taxes on vesting restricted stock awards, not sold on the open market.

Which equity awards triggered the tax-withholding share dispositions for Trade Desk (TTD)?
The tax-withholding dispositions relate to partial vesting of Restricted Stock Awards granted on April 24, 2023, April 23, 2024, April 15, 2025, and March 3, 2026. Each grant’s vesting prompted a corresponding share withholding transaction.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GRANT JAY R
(Last)(First)(Middle)
C/O THE TRADE DESK, INC.
42 NORTH CHESTNUT STREET
(Street)
VENTURA CALIFORNIA 93001
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Trade Desk, Inc. [ TTD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock08/15/2026F2,652(1)D$14.14345,169D
Class A Common Stock08/15/2026F2,076(2)D$14.14343,093D
Class A Common Stock08/15/2026F2,848(3)D$14.14340,245D
Class A Common Stock08/15/2026F5,779(4)D$14.14334,466D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted April 24, 2023.
2. The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted April 23, 2024.
3. The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted April 15, 2025.
4. The shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the partial vesting of a Restricted Stock Award granted March 3, 2026.
Remarks:
/s/ Kelli Faerber, Attorney-in-Fact for Jay R. Grant08/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR