Trade Desk CLO Jay R. Grant Receives Restricted Stock Award

What Happened

• Jay R. Grant, Chief Legal Officer of Trade Desk, Inc. (TTD), was granted 398,262 restricted shares on September 14, 2026. The grant price is reported as $0.00, so the immediate reported value is $0. This is an equity award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-09-14; 398,262 shares granted at $0.00.
• Total reported value at grant: $0 (per Form 4 reporting price).
• Shares owned after transaction: not disclosed in the provided filing.
• Vesting: One-sixteenth (1/16) vests on November 15, 2026; the remainder vests ratably over 15 quarters thereafter (quarterly anniversaries), subject to continued employment (see footnote F1).
• Filing timeliness: Reported on 2026-09-14 for the 2026-09-14 grant (timely).

Context

• This is a restricted stock award as part of compensation. Shares are subject to a multi-quarter vesting schedule, so they are not immediately liquid or sold; vesting depends on continued employment. Such awards align executive compensation with company performance/retention but are not the same signal as an open-market purchase.