Jay R. Grant - Jun 28, 2024 Form 4 Insider Report for Trade Desk, Inc. (TTD)

Signature
/s/ Kelli Faerber, Attorney-in-Fact for Jay R. Grant
Stock symbol
TTD
Transactions as of
Jun 28, 2024
Transactions value $
-$4,934,582
Form type
4
Date filed
7/2/2024, 04:12 PM
Previous filing
May 17, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTD Class A Common Stock Options Exercise $1.35M +23.6K +12.16% $57.39 217K Jun 28, 2024 Direct
transaction TTD Class A Common Stock Sale -$2.27M -23.6K -10.84% $96.40 194K Jun 28, 2024 Direct F1, F2
transaction TTD Class A Common Stock Options Exercise $3.63M +48.6K +25.07% $74.64 242K Jun 28, 2024 Direct
transaction TTD Class A Common Stock Sale -$4.72M -48.6K -20.04% $97.22 194K Jun 28, 2024 Direct F1, F3
transaction TTD Class A Common Stock Options Exercise $1.64M +27.5K +14.19% $59.57 221K Jun 28, 2024 Direct
transaction TTD Class A Common Stock Sale -$2.69M -27.5K -12.43% $97.66 194K Jun 28, 2024 Direct F1, F4
transaction TTD Class A Common Stock Options Exercise $2.23M +36.2K +18.7% $61.46 230K Jun 28, 2024 Direct
transaction TTD Class A Common Stock Sale -$3.56M -36.2K -15.75% $98.17 194K Jun 28, 2024 Direct F1, F5
transaction TTD Class A Common Stock Sale -$149K -1.54K -0.79% $96.59 192K Jun 28, 2024 Direct F1, F6
transaction TTD Class A Common Stock Sale -$342K -3.5K -1.82% $97.63 189K Jun 28, 2024 Direct F1, F7
transaction TTD Class A Common Stock Sale -$50.2K -510 -0.27% $98.36 188K Jun 28, 2024 Direct F1, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TTD Employee Stock Option (Right to Buy) Options Exercise $0 -23.6K -85.15% $0.00 4.11K Jun 28, 2024 Class A Common Stock 23.6K $57.39 Direct F9
transaction TTD Employee Stock Option (Right to Buy) Options Exercise $0 -48.6K -79.16% $0.00 12.8K Jun 28, 2024 Class A Common Stock 48.6K $74.64 Direct F10, F11
transaction TTD Employee Stock Option (Right to Buy) Options Exercise $0 -27.5K -42.11% $0.00 37.8K Jun 28, 2024 Class A Common Stock 27.5K $59.57 Direct F12
transaction TTD Employee Stock Option (Right to Buy) Options Exercise $0 -36.2K -29.17% $0.00 88K Jun 28, 2024 Class A Common Stock 36.2K $61.46 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 8, 2024 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.11 to $96.83, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.83 to $97.47, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.47 to $97.85, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.85 to $98.57, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.13 to $97.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.22 to $98.19, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.25 to $98.48, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F9 The option was granted on October 5, 2020, the Vesting Commencement Date ("VCD"). One-fourth (1/4th) of the shares subject to the option vest on the first anniversary of the VCD, with one forty-eighth (1/48th) of the shares subject to the original grant vesting on each monthly anniversary thereafter, subject to continued employment with the Issuer through the applicable vesting dates.
F10 The option was granted on April 28,2021, the VCD. One forty-eighth (1/48th) of the shares subject to the option vest on each monthly anniversary of the VCD, subject to continued employment with the Issuer through the applicable vesting dates.
F11 This option was previously reported as covering 6,137 shares at an exercise price of $746.37 per share but was adjusted to reflect a 10-for-1 stock split effective June 16, 2021.
F12 The option was granted on April 26,2022, the VCD. One forty-eighth (1/48th) of the shares subject to the option vest on each monthly anniversary of the VCD, subject to continued employment with the Issuer through the applicable vesting dates.
F13 The option was granted on April 24, 2023, the VCD. One forty-eighth (1/48th) of the shares subject to the option vest on each monthly anniversary of the VCD, subject to continued employment with the Issuer through the applicable vesting dates.