Rajaram Gokul 4

What Happened

• Rajaram Gokul, a Trade Desk (TTD) director, reported a disposition on 2026-04-03: 1,226 restricted shares were forfeited to the issuer. The reported price per share and total proceeds are $0 because the shares were unvested awards forfeited upon his resignation.
• These shares were part of restricted stock awards granted May 27, 2025 under the company’s Non‑Employee Director Compensation Policy and were subject to vesting based on continued board service.

Key Details

• Transaction date: 2026-04-03; Filing date: 2026-04-07 (filed within the typical 2-business-day Form 4 window).
• Shares forfeited: 1,226; Price/Proceeds: $0 (forfeiture, not a sale).
• Grant date and plan: Restricted stock awards granted 5/27/2025 under the Issuer’s Non‑Employee Director Compensation Policy (unvested and service‑conditioned).
• Ownership notes: Some securities are held by the Rajaram Family Trust (Mr. Rajaram is co‑trustee and may be deemed to indirectly beneficially own those shares). The 1,226 shares were previously reported as directly owned by the reporting person but were unvested and forfeited.
• No 10b5-1 plan, tax‑withholding sale, or option exercise involved.

Context

• This was a forfeiture of unvested director awards tied to resignation, not an open‑market sale or purchase, so it produced no cash and does not convey a straightforward sentiment signal about the stock.
• For retail investors: purchases and open‑market insider buys typically provide clearer bullish signals than forfeitures or administrative dispositions like this.