GRANT JAY R 4
4 · Trade Desk, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Trade Desk (TTD) Chief Legal Officer Jay R. Grant Sells Shares
What Happened
Jay R. Grant, Chief Legal Officer of Trade Desk (TTD), had a total of 6,994 shares withheld to satisfy tax withholding on partially vested restricted stock awards. The filing shows four withholding transactions on 2026-02-15 at $25.81 per share, totaling $180,515 (1,457 shares = $37,605; 1,948 = $50,278; 1,514 = $39,076; 2,075 = $53,556). These are disposals recorded to cover tax obligations, not open-market sell orders.
Key Details
- Transaction date: 2026-02-15; filing date: 2026-02-18 (Form 4 covering the Feb 15 activity).
- Price per share: $25.81; total shares withheld: 6,994; total value: $180,515.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Each disposal was a withholding election to satisfy tax obligations on partial vesting of Restricted Stock Awards granted on 4/26/2022, 4/24/2023, 4/23/2024, and 4/15/2025. (Transaction code F = tax withholding.)
- No indication in the excerpt of a 10b5-1 plan or a late filing flag.
Context
Withholding shares to cover taxes on vesting is a common, routine administrative action and differs from a voluntary open-market sale. These transactions reduce the insider’s share count but are generally done to meet tax obligations when restricted shares vest, not necessarily a signal of bullish or bearish intent.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-02-15$25.81/sh−1,457$37,605→ 198,104 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$25.81/sh−1,948$50,278→ 196,156 total - Tax Payment
Class A Common Stock
[F3]2026-02-15$25.81/sh−1,514$39,076→ 194,642 total - Tax Payment
Class A Common Stock
[F4]2026-02-15$25.81/sh−2,075$53,556→ 192,567 total
Footnotes (4)
- [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 26, 2022.
- [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 24, 2023.
- [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 23, 2024.
- [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 April 15, 2025.