The Trade Desk, Inc. reported results from its 2026 annual stockholder meeting. Stockholders elected Class I directors Andrea L. Cunningham and Jeff T. Green, with Green receiving 631,530,355 votes for and 51,292,472 withheld, and Cunningham receiving 82,759,848 votes for and 169,344,189 withheld.
Stockholders approved, on a non-binding advisory basis, executive compensation with 509,592,084 votes for and 172,498,666 against. They also ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026, with 738,886,896 votes for and 9,360,368 against. A quorum was present, with 361,204,763 shares represented.
The Trade Desk reported first-quarter 2026 results showing solid top-line growth but softer profitability. Revenue rose to $689 million, up 12% from a year earlier, as the company continued to expand its programmatic advertising platform.
GAAP net income declined to $40 million from $51 million, with net income margin at 6% versus 8% and diluted EPS at $0.08 compared with $0.10. Adjusted EBITDA was $206 million with a 30% margin, slightly below last year’s $208 million and 34% margin, while non-GAAP diluted EPS was $0.28 versus $0.33.
Customer retention stayed above 95%, the company launched multiple AI and CTV partnerships, and it repurchased about $164 million of Class A shares, leaving $327 million authorized as of March 31, 2026. For the second quarter of 2026, management expects revenue of at least $750 million and Adjusted EBITDA of approximately $260 million.
Vollero Andrew reported acquisition or exercise transactions in this Form 4 filing.
Trade Desk, Inc. director Andrew Vollero received an equity grant of 12,220 restricted stock units under the company’s 2025 Incentive Award Plan. Each unit represents a contingent right to receive one share of Class A common stock.
The RSUs vest in four equal installments tied to the next four quarterly board meetings or their quarterly anniversaries, with all remaining units vesting on the date of the next annual stockholders’ meeting, subject to his continued board service. Following this grant, total Class A shares reported as held were 24,524.
Tawakol Omar reported acquisition or exercise transactions in this Form 4 filing.
Trade Desk, Inc. director Omar Tawakol received an equity grant of 12,220 restricted stock units (RSUs) of Class A common stock at no cash cost, under the company’s 2025 Incentive Award Plan and its Non-Employee Director Compensation Policy.
The RSUs vest in four equal installments tied to upcoming quarterly board meetings or corresponding quarterly anniversaries of the grant date, with any remaining unvested units vesting in full at the company’s next annual stockholder meeting if he continues serving as a director. Following this grant, Tawakol directly holds 19,038 shares/units.
Trade Desk, Inc. director Andrea Lee Cunningham reported equity compensation grants rather than market trades. On May 4, 2026, she received several restricted stock awards of Class A common stock and stock options under the company’s 2025 Incentive Award Plan and Non-Employee Director Compensation Policy.
Some restricted stock grants were made as her annual director equity award, while others replaced cash director retainer and meeting fees totaling $25,000, $12,500, and $5,000. The awards generally vest in four equal installments tied to upcoming quarterly board or committee meetings or their quarterly anniversaries, with any remaining unvested shares vesting at the next annual stockholder meeting if she continues serving.
She was also granted stock options covering up to 11,051 shares of Class A common stock at a $24.10 exercise price, expiring on May 4, 2036. These options follow similar four-part vesting schedules linked to her ongoing board and committee service.
Trade Desk Inc/The ownership filing shows Vanguard Capital Management beneficially owns 33,022,547 shares of common stock, representing 7.62% of the class. The filing states these shares are held or managed across Vanguard-affiliated funds and accounts and include securities for which Vanguard exercises dispositive power.
The filing lists sole voting power for 4,377,294 shares and reports the form signed by Ashley Grim on 04/30/2026.
Trade Desk Inc/The reports a Schedule 13G showing Vanguard Portfolio Management beneficially owns 22,558,235 shares of Common Stock, representing 5.21% of the class as of 03/31/2026.
The filing states Vanguard Portfolio Management has sole dispositive power over 22,558,235 shares and sole voting power over 115,075 shares; holdings include securities held for Vanguard funds and managed accounts. The filing is signed on 04/29/2026.
The Trade Desk, Inc. entered into an amended and restated loan and security agreement that refreshes its revolving credit facility with a bank syndicate led by JPMorgan Chase. The facility provides up to $750 million of revolving borrowing capacity and now matures on April 14, 2031.
The facility includes a $100 million sublimit for letters of credit and a $75 million sublimit for swingline loans, with an option to increase total commitments by up to an additional $750 million under certain conditions. Borrowings bear interest at a variable rate based on either a Base Rate or term SOFR plus a margin tied to the company’s net leverage, and undrawn amounts incur a commitment fee.
The agreement is secured by substantially all company assets, subject to customary exceptions and a potential collateral release upon achieving specified investment grade ratings. It also includes typical covenants and requires compliance with a maximum consolidated funded debt to consolidated EBITDA ratio of 3.50 to 1.00, with a temporary step-up allowed in connection with certain material transactions.
The Trade Desk, Inc. is asking stockholders to vote at its May 4, 2026 virtual annual meeting on three main items: electing two Class I directors (including CEO Jeff Green and Class A Director Andrea Cunningham), approving on a non-binding advisory basis executive compensation, and ratifying PricewaterhouseCoopers as auditor for 2026.
The proxy outlines the company’s classified five-member board structure, voting rules for its dual-class shares, committee composition and governance practices. It also reviews 2025 performance, including revenue of $2.90 billion, net income of $443 million, and Adjusted EBITDA of $1.20 billion, which support cash bonuses and new equity awards for named executives.