Trade Desk, Inc.·4

Jun 15, 5:50 PM ET

Haddad David Alan 4

Research Summary

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Trade Desk (TTD) Director David Haddad Receives Restricted Stock Award

What Happened

  • David Alan Haddad, a Trade Desk (TTD) director, was issued two restricted stock awards on 2026-06-11 totaling 25,013 shares (13,193 shares and 11,820 shares). Both grants are reported as awards (code A) at $0.00 per share, so the filing shows no cash purchase value. These are equity compensation grants to a non-employee director, not open-market trades or option exercises.

Key Details

  • Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (appears to be after the typical two-business-day reporting window).
  • Grants: 13,193 shares and 11,820 shares; reported acquisition price $0.00 for each (restricted stock awards).
  • Vesting / footnotes:
    • 13,193-share grant: issued under the 2025 Incentive Award Plan as an initial director equity grant; vests in quarterly installments over three years, subject to continuous board service (footnotes F1, F2).
    • 11,820-share grant: issued under the 2025 Incentive Award Plan as a prorated annual director equity grant; vests in four installments (1,951 on Aug 4, 2026; 3,326 on Nov 4, 2026; 3,325 on Feb 4, 2027; 3,218 on May 4, 2027) or earlier at certain board meeting/annual meeting conditions, subject to continued board service (footnotes F3, F4).
  • Shares owned after the transaction: not specified in the provided Form 4 excerpt.
  • Transaction code: A = Award/Grant.

Context

  • These are restricted stock awards to a non-employee director under the company’s director compensation policy and equity plan. Because the shares vest over time and are subject to service conditions, they do not represent an immediate open-market investment decision by the director.
  • Filing timing: the Form 4 was filed four days after the grants (6/11 → 6/15). Insider filings are typically required within two business days of a transaction; a later filing can be administrative but is notable to monitor.