Trade Desk (NASDAQ: TTD) CAO covers equity-award taxes with 6,582 shares withheld

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Trade Desk, Inc. CAO and Interim CFO Tahnil R. Davis reported routine share withholdings to cover taxes on equity awards. On May 15, 2026, a total of 6,582 shares of Class A Common Stock were withheld at $21.15 per share to satisfy tax withholding obligations tied to the partial vesting of multiple Restricted Stock and Restricted Stock Unit Awards granted between April 26, 2022 and March 3, 2026. Following these transactions, Davis held 257,989 shares directly, which also includes 622 shares acquired through the Employee Stock Purchase Plan on May 15, 2026.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Davis Tahnil R.

Role CAO and Interim CFO

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	262	$21.15	$6K
Tax Withholding	Class A Common Stock	861	$21.15	$18K
Tax Withholding	Class A Common Stock	741	$21.15	$16K
Tax Withholding	Class A Common Stock	968	$21.15	$20K
Tax Withholding	Class A Common Stock	3,750	$21.15	$79K

Holdings After Transaction: Class A Common Stock — 257,989 shares (Direct, null)

Footnotes (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 Unit Award granted April 26, 2022. Includes 622 shares acquired through the Employee Stock Purchase Plan on May 15, 2026. 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 Unit Award granted April 24, 2023. 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 Unit Award granted April 23, 2024. 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 Unit Award granted April 15, 2025. 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.

Key Figures

Shares withheld for taxes: 6,582 shares Withholding price: $21.15 per share Post-transaction holdings: 257,989 shares +2 more

5 metrics

Shares withheld for taxes 6,582 shares Tax-withholding dispositions on May 15, 2026

Withholding price $21.15 per share Value used for tax-withholding dispositions

Post-transaction holdings 257,989 shares Direct Class A holdings after transactions

ESPP acquisition 622 shares Shares acquired via Employee Stock Purchase Plan on May 15, 2026

Individual withholding blocks 3,750; 968; 741; 861; 262 shares Five separate F-code tax-withholding entries

Key Terms

Restricted Stock Unit Award, Restricted Stock Award, Employee Stock Purchase Plan, tax withholding obligations, +1 more

5 terms

Restricted Stock Unit Award financial

"tax withholding obligations in connection with the partial vesting of a Restricted Stock Unit Award granted April 26, 2022"

A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.

Restricted Stock Award financial

"partial vesting of a Restricted Stock Award granted March 3, 2026"

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.

Employee Stock Purchase Plan financial

"Includes 622 shares acquired through the Employee Stock Purchase Plan on May 15, 2026"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

tax withholding obligations financial

"shares were withheld at the election of the Reporting Person to satisfy tax withholding obligations"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 04:57 PM

SEC Form 4

FORM 4

UNITED 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^*

Davis Tahnil 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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CAO and Interim CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/15/2026		F		262⁽¹⁾	D	$21.15	257,989⁽²⁾	D
Class A Common Stock	05/15/2026		F		861⁽³⁾	D	$21.15	257,128	D
Class A Common Stock	05/15/2026		F		741⁽⁴⁾	D	$21.15	256,387	D
Class A Common Stock	05/15/2026		F		968⁽⁵⁾	D	$21.15	255,419	D
Class A Common Stock	05/15/2026		F		3,750⁽⁶⁾	D	$21.15	251,669	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Unit Award granted April 26, 2022.

2. Includes 622 shares acquired through the Employee Stock Purchase Plan on May 15, 2026.

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 Unit Award granted April 24, 2023.

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 Unit Award granted April 23, 2024.

5. 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 Unit Award granted April 15, 2025.

6. 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 Tahnil R. Davis	05/19/2026
	** Signature of Reporting Person	Date
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 did Trade Desk (TTD) CAO Tahnil R. Davis report on this Form 4?

Tahnil R. Davis reported routine share withholdings used to pay taxes on equity awards. A total of 6,582 Class A shares were withheld at $21.15 per share in connection with several vesting Restricted Stock and Restricted Stock Unit Awards.

How many Trade Desk (TTD) shares were withheld for taxes and at what price?

A total of 6,582 Class A Common Stock shares were withheld to satisfy tax obligations. The shares were valued at $21.15 per share, reflecting the price used for the tax-withholding dispositions on May 15, 2026 related to multiple equity award vestings.

Were these Trade Desk (TTD) insider transactions open-market sales?

No, the transactions were not open-market sales. They were Form 4 code F events, where shares were withheld by the company at Tahnil R. Davis’s election to cover tax withholding obligations from vesting Restricted Stock and Restricted Stock Unit Awards.

How many Trade Desk (TTD) shares does Tahnil R. Davis hold after these transactions?

After the tax-withholding transactions, Tahnil R. Davis directly held 257,989 shares of Class A Common Stock. This total also includes 622 shares that were acquired through the Employee Stock Purchase Plan on May 15, 2026, as noted in the footnotes.

What equity awards triggered the Trade Desk (TTD) tax-withholding events?

The tax withholdings related to partial vesting of several awards. These included Restricted Stock Unit Awards granted on April 26, 2022, April 24, 2023, April 23, 2024, April 15, 2025, and a Restricted Stock Award granted on March 3, 2026, according to the footnotes.

Did Tahnil R. Davis buy any Trade Desk (TTD) shares in this period?

Yes, the reported holdings include 622 shares acquired through the Employee Stock Purchase Plan on May 15, 2026. However, the Form 4 transactions themselves all relate to shares withheld for tax obligations, not open-market purchases of Trade Desk stock.