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Trade Desk, Inc.·4

Apr 3, 6:05 PM ET

Cunningham Andrea Lee 4

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Trade Desk (TTD) Director Andrea Cunningham Receives Stock Awards

What Happened Andrea Cunningham, a Trade Desk (TTD) director, was granted restricted stock awards and options as non-employee director compensation. On 2026-04-01 and 2026-04-03 she acquired a total of 48 restricted shares (17 @ $25.79 and 31 @ $25.57) valued at about $1,231, and received derivative awards (options) covering 90 shares (32 @ $13.93 and 58 @ $13.81) with a Black‑Scholes/valuation of about $1,247. Combined value of the grants shown on the Form 4 is approximately $2,478. These were grants (acquisitions), not open‑market buys or sales.

Key Details

  • Transaction dates and values:
    • 2026-04-01: 17 restricted shares at $25.79 (≈ $438) and 32 derivative/share‑option units at $13.93 (≈ $446).
    • 2026-04-03: 31 restricted shares at $25.57 (≈ $793) and 58 derivative/share‑option units at $13.81 (≈ $801).
  • Shares owned after the transactions: not disclosed in the provided filing excerpt.
  • Notable footnotes:
    • Restricted stock awards granted under the Issuer’s 2025 Equity Incentive Plan and/or per the Non‑Employee Director Compensation Policy; vest in full on the date of the Issuer’s next annual meeting of stockholders, subject to the Reporting Person’s continuous service in specified committee roles.
    • Derivative awards are options under the Issuer’s 2025 Incentive Award Plan; Black‑Scholes/average‑price methods were used to value awards and calculate share counts.
    • Some awards were issued in lieu of director retainer/meeting fees (prorated amounts referenced, e.g., $9,500 and $5,000).
  • Filing timeliness: Form filed 2026-04-03 for transactions on 2026-04-01 and 2026-04-03 — no late filing is indicated in the provided data.

Context

  • These transactions are compensation grants (A = Award/Grant). The derivative items represent granted options (not exercises), and vesting is tied to continued board/committee service and the next annual meeting.
  • Grants issued as compensation are routine for non‑employee directors and do not by themselves indicate buying or selling sentiment by the insider.