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Director at Trade Desk (NASDAQ: TTD) forfeits 1,226 shares

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

Rhea-AI Filing Summary

Trade Desk, Inc. director Gokul Rajaram reported a non-cash disposition of 1,226 shares of Class A common stock to the issuer. These shares were unvested restricted stock awards granted on May 27, 2025 under the non-employee director compensation policy and were forfeited when he resigned from the board.

After this forfeiture, he holds 2,450 shares directly and 29,861 shares indirectly through the Rajaram Family Trust, where he shares investment and voting control.

Positive

  • None.

Negative

  • None.
Insider Rajaram Gokul
Role Director
Type Security Shares Price Value
Disposition Class A Common Stock 1,226 $0.00 --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 2,450 shares (Direct); Class A Common Stock — 29,861 shares (Indirect, By Family Trust)
Footnotes (1)
  1. The related shares were represented by restricted stock awards previously granted to the Reporting Person on May 27, 2025 pursuant to the Issuer's Non-Employee Director Compensation Policy as an annual director equity award that were subject to vesting based on the Reporting Person's service as a member of the board of directors. In connection with the Reporting Person's resignation from the Issuer's board of directors, the unvested restricted stock awards were forfeited. Represents securities held by the Rajaram Family Trust (the "Trust"). Mr. Rajaram is a co-trustee of the Trust and has shared investment and voting control over the shares held by the Trust and may be deemed to indirectly beneficially own the shares held by the Trust. These shares were previously reported as directly owned by the Reporting Person.
Shares forfeited 1,226 shares Unvested restricted stock awards forfeited on resignation
Disposition price $0.00 per share Issuer disposition of forfeited restricted stock
Direct holdings after transaction 2,450 shares Class A common stock held directly by Rajaram
Indirect trust holdings after transaction 29,861 shares Held by Rajaram Family Trust with shared control
Grant date of restricted stock May 27, 2025 Annual director equity award under compensation policy
restricted stock awards financial
"The related shares were represented by restricted stock awards previously granted to the Reporting Person"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
Non-Employee Director Compensation Policy financial
"pursuant to the Issuer's Non-Employee Director Compensation Policy as an annual director equity award"
disposition to issuer financial
"transaction_action": "issuer disposition""
indirectly beneficially own financial
"may be deemed to indirectly beneficially own the shares held by the Trust"
co-trustee financial
"Mr. Rajaram is a co-trustee of the Trust and has shared investment and voting control"
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
X
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*
Rajaram Gokul
(Last)(First)(Middle)
C/O THE TRADE DESK INC.
42 NORTH CHESTNUT ST.
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/03/2026		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 Stock04/03/2026D1,226(1)(2)D$02,450D
Class A Common Stock29,861IBy Family Trust(3)(4)
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 related shares were represented by restricted stock awards previously granted to the Reporting Person on May 27, 2025 pursuant to the Issuer's Non-Employee Director Compensation Policy as an annual director equity award that were subject to vesting based on the Reporting Person's service as a member of the board of directors.
2. In connection with the Reporting Person's resignation from the Issuer's board of directors, the unvested restricted stock awards were forfeited.
3. Represents securities held by the Rajaram Family Trust (the "Trust"). Mr. Rajaram is a co-trustee of the Trust and has shared investment and voting control over the shares held by the Trust and may be deemed to indirectly beneficially own the shares held by the Trust.
4. These shares were previously reported as directly owned by the Reporting Person.
Remarks:
/s/ Kelli Faerber, Attorney-in-fact for Gokul Rajaram04/07/2026
** 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

FAQ

What insider transaction did Trade Desk (TTD) director Gokul Rajaram report?

Gokul Rajaram reported a non-cash disposition of 1,226 shares of Trade Desk Class A common stock back to the company. These shares were unvested restricted stock awards that were forfeited in connection with his resignation from the board of directors.

Why were Gokul Rajaram’s 1,226 Trade Desk (TTD) shares forfeited?

The 1,226 shares represented unvested restricted stock awards granted on May 27, 2025 under Trade Desk’s non-employee director compensation policy. They were subject to vesting based on board service and were forfeited when Rajaram resigned from the board of directors.

How many Trade Desk (TTD) shares does Gokul Rajaram hold after this Form 4?

Following the reported disposition, Gokul Rajaram holds 2,450 shares of Trade Desk Class A common stock directly. He also has an indirect holding of 29,861 shares through the Rajaram Family Trust, where he serves as co-trustee with shared investment and voting control.

Was Gokul Rajaram’s 1,226-share Trade Desk (TTD) disposition an open-market sale?

No. The 1,226 shares were disposed of to the issuer at a reported price of $0.00 per share, reflecting forfeiture of unvested restricted stock awards. This is classified as a disposition to the issuer, not an open-market sale of shares into the public market.

What is the Rajaram Family Trust’s role in Gokul Rajaram’s Trade Desk (TTD) holdings?

The Rajaram Family Trust holds 29,861 Trade Desk shares. Gokul Rajaram is a co-trustee and has shared investment and voting control, so he may be deemed to indirectly beneficially own these shares. Some of these shares were previously reported as directly owned by him.

What type of equity award did Trade Desk (TTD) grant Gokul Rajaram in May 2025?

Trade Desk granted Gokul Rajaram restricted stock awards on May 27, 2025 as an annual director equity award under the non-employee director compensation policy. These awards were subject to vesting based on his service on the board and were forfeited upon his resignation.