Cunningham Andrea Lee 4

4 · Trade Desk, Inc. · Filed May 6, 2026

Research Summary

AI-generated summary of this filing

Updated May 6, 2026

Trade Desk (TTD) Director Andrea Cunningham Receives Equity Awards

What Happened

Andrea Lee Cunningham, a director of Trade Desk, received multiple equity awards on May 4, 2026. The filing shows 7,899 non‑derivative restricted shares granted (values reported for some awards totaling $42,453) and 14,289 derivative awards (options) granted (values reported totaling $42,483). Combined, the grants cover 22,188 shares/options with a reported aggregate value of about $84,936. These awards were granted as part of the company’s 2025 Incentive Award Plan and the Non‑Employee Director Compensation Policy.

Key Details

Transaction date: May 4, 2026; Form 4 filed May 6, 2026 (timely filing).
Specifics reported:
- Restricted stock grants: 6,110 shares @ $0.00; 1,053 @ $23.73 ($24,988); 210 @ $23.73 ($4,983); 526 @ $23.73 ($12,482).
- Derivative awards (options): 11,051 @ $0.00; 1,905 @ $13.12 ($24,994); 381 @ $13.12 ($4,999); 952 @ $13.12 ($12,490).
Shares owned after the transaction: not specified in the provided filing excerpt.
Notable footnotes: awards granted under the 2025 Incentive Award Plan and the Non‑Employee Director Compensation Policy; some awards were issued in lieu of director retainer/meeting fees (e.g., $25,000, $12,500, $5,000). Black‑Scholes/45‑day average prices were used to calculate certain grant sizes (per footnotes).
Transaction code: A = Award/Grant. These are compensation grants, not open‑market purchases or sales.

Context

These are director compensation awards that vest in four equal installments tied to upcoming quarterly board meetings or quarterly anniversaries, with full vesting at the next annual meeting if the director remains in service (per footnotes). The derivative entries reflect stock options granted (valued for reporting using Black‑Scholes or an average price); the filing does not indicate any immediate sale or cashless exercise. As routine compensation to a non‑employee director, these grants are standard and do not by themselves indicate a change in insider sentiment.

Insider Transaction Report

Form 4

Period: 2026-05-04

Trade Desk, Inc.TTD

Cunningham Andrea Lee

Director

Transactions

Award
Class A Common Stock
[F1][F2]
2026-05-04+6,110→ 11,193 total
Award
Class A Common Stock
[F1][F3][F4]
2026-05-04$23.73/sh+1,053$24,988→ 12,246 total
Award
Class A Common Stock
[F5][F4][F6]
2026-05-04$23.73/sh+210$4,983→ 12,456 total
Award
Class A Common Stock
[F7][F4][F8]
2026-05-04$23.73/sh+526$12,482→ 12,982 total
Award
Stock Option (Right to Buy)
[F10][F9]
2026-05-04+11,051→ 11,051 total
Exercise: $24.10Exp: 2036-05-04→ Class A Common Stock (11,051 underlying)
Award
Stock Option (Right to Buy)
[F11][F12][F9]
2026-05-04$13.12/sh+1,905$24,994→ 1,905 total
Exercise: $24.10Exp: 2036-05-04→ Class A Common Stock (1,905 underlying)
Award
Stock Option (Right to Buy)
[F11][F14][F13]
2026-05-04$13.12/sh+381$4,999→ 381 total
Exercise: $24.10Exp: 2036-05-04→ Class A Common Stock (381 underlying)
Award
Stock Option (Right to Buy)
[F11][F16][F15]
2026-05-04$13.12/sh+952$12,490→ 952 total
Exercise: $24.10Exp: 2036-05-04→ Class A Common Stock (952 underlying)

Footnotes (16)

[F1]Grant of restricted stock award under the Issuer's 2025 Incentive Award Plan. The shares vest in four equal installments at the earlier of, for each such installment, (i) the date of the Issuer's applicable regularly scheduled quarterly Corporate Board meeting for the next four quarters from the date of grant or (ii) the date of each of the next four corresponding quarterly anniversaries of the date of grant, provided all then unvested shares shall vest in full on the date of the Issuer's next annual meeting of stockholders, all subject to the Reporting Person's continuous service as a member of the board of directors immediately prior to such date.
[F10]This option was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy as an annual director equity grant.
[F11]This price represents the Black-Scholes value of an option using the average closing stock price for a share of the Issuer's Class A Common Stock for forty-five consecutive trading days ending on, and including, the grant date. This price was used to calculate the number of shares subject to the option granted.
[F12]These stock options were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of director retainer and meeting fees of $25,000.
[F13]Grant of option to purchase Class A Common Stock under the Issuer's 2025 Incentive Award Plan. The shares subject to the option vest in four equal installments at the earlier of, for each such installment, (i) the date of the Issuer's applicable regularly scheduled quarterly Corporate Board meeting for the next four quarters from the date of grant or (ii) the date of each of the next four corresponding quarterly anniversaries of the date of grant, provided all then unvested shares shall vest in full on the date of the Issuer's next annual meeting of stockholders, all subject to the Reporting Person's continuous service as a member of the compensation committee of the board of directors immediately prior to such date.
[F14]These stock options were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of director retainer and meeting fees of $5,000.
[F15]Grant of option to purchase Class A Common Stock under the Issuer's 2025 Incentive Award Plan. The shares subject to the option vest in four equal installments at the earlier of, for each such installment, (i) the date of the Issuer's applicable regularly scheduled quarterly Corporate Board meeting for the next four quarters from the date of grant or (ii) the date of each of the next four corresponding quarterly anniversaries of the date of grant, provided all then unvested shares shall vest in full on the date of the Issuer's next annual meeting of stockholders, all subject to the Reporting Person's continuous service as a member of the nominating and corporate governance committee of the board of directors immediately prior to such date.
[F16]These stock options were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of director retainer and meeting fees of $12,500.
[F2]This restricted stock award was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy as an annual director equity grant.
[F3]This restricted stock award was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of director retainer and meeting fees of $25,000.
[F4]This price represents the average closing stock price for a share of the Issuer's Class A Common Stock for forty-five consecutive trading days ending on, and including, the grant date. This price was used to calculate the number of restricted stock awards granted.
[F5]Grant of restricted stock award under the Issuer's 2025 Incentive Award Plan. The shares vest in four equal installments at the earlier of, for each such installment, (i) the date of the Issuer's applicable regularly scheduled quarterly Corporate Board meeting for the next four quarters from the date of grant or (ii) the date of each of the next four corresponding quarterly anniversaries of the date of grant, provided all then unvested shares shall vest in full on the date of the Issuer's next annual meeting of stockholders, all subject to the Reporting Person's continuous service as a member of the compensation committee immediately prior to such date.
[F6]This restricted stock award was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of director retainer and meeting fees of $5,000.
[F7]Grant of restricted stock award under the Issuer's 2025 Incentive Award Plan. The shares vest in four equal installments at the earlier of, for each such installment, (i) the date of the Issuer's applicable regularly scheduled quarterly Corporate Board meeting for the next four quarters from the date of grant or (ii) the date of each of the next four corresponding quarterly anniversaries of the date of grant, provided all then unvested shares shall vest in full on the date of the Issuer's next annual meeting of stockholders, all subject to the Reporting Person's continuous service as a member of the nominating and corporate governance committee immediately prior to such date.
[F8]This restricted stock award was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of director retainer and meeting fees of $12,500.
[F9]Grant of option to purchase Class A Common Stock under the Issuer's 2025 Incentive Award Plan. The shares subject to the option vest in four equal installments at the earlier of, for each such installment, (i) the date of the Issuer's applicable regularly scheduled quarterly Corporate Board meeting for the next four quarters from the date of grant or (ii) the date of each of the next four corresponding quarterly anniversaries of the date of grant, provided all then unvested shares shall vest in full on the date of the Issuer's next annual meeting of stockholders, all subject to the Reporting Person's continuous service as a member of the board of directors immediately prior to such date.

Signature

/s/ Kelli Faerber, Attorney-in-Fact for Andrea Cunningham|2026-05-06

Documents

1 file

4
wk-form4_1778104929.xmlPrimary
FORM 4