Trade Desk: chief legal officer Jay R Grant received 658,346 shares

What happened

• The filing reports that Jay R Grant, chief legal officer, had dispositions to the issuer and corresponding grants/acquisitions of derivative securities (stock options) totaling 658,346 shares on Oct 19, 2026. The filing shows the repriced exercise price was amended to $12.26 per share; the transactions themselves list price as N/A.

Key details

• Transaction date: Oct 19, 2026. Form filed on Oct 21, 2026.
• Transactions reported (each a disposition to issuer (D) paired with a grant/acquisition (A) of the same amount):
  • 15,512 shares (D and A)
  • 55,317 shares (D and A)
  • 120,451 shares (D and A)
  • 157,515 shares (D and A)
  • 309,551 shares (D and A)
• Total shares affected: 658,346 derivative shares.
• Reported exercise price after repricing: $12.26 per share (per footnote).
• Shares owned after the transactions: not specified in the filing.
• Relevant footnotes from the filing:
  • F1: The option is fully vested and exercisable.
  • F2: One-time option repricing under the 2025 Incentive Award Plan effective Oct 19, 2026; exercise price reduced to $12.26; repricing approved by stockholders on Oct 19, 2026; to exercise at the new price the reporting person must remain in service through Apr 19, 2027 except if terminated by the issuer without cause.
  • F3, F5, F7: Certain amounts represent the Incentive Stock Option (ISO) portions of earlier grants that were not eligible to participate in the Option Repricing.
  • F4, F6, F8, F9: Vesting commencement dates and schedules for prior option grants (VCDs on Apr 26, 2022; Apr 24, 2023; Apr 23, 2024; Apr 15, 2025; Mar 3, 2026) with one forty-eighth (1/48th) of shares vesting monthly thereafter, subject to continued employment.
• The filing does not indicate a cash sale or market sale of shares; it reports option dispositions and re-grants consistent with a repricing/exchange.

Why it may matter

• The filing reports an option repricing (disposition of prior options to the issuer and grant of repriced options) rather than an open-market sale; it does not show a cashless exercise or sale of shares into the market.
• A filing does not show why the insider traded or why the company acted.