secwatch.observer — SEC 8-K summary
======================================

Issuer:     Trade Desk, Inc. (TTD)
CIK:        0001671933
Form:       8-K
Filed at:   2021-10-08T23:59:59+00:00
Accession:  0001564590-21-050550
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Trade Desk grants CEO Jeff Green performance-based option for up to 16M shares with $90-$340 targets
--------------------------------------------------------------------------------

- Grant of performance stock option to CEO Jeff Green for up to 16 million shares at $68.29 exercise price.
- Vesting in eight tranches over 10 years based on stock price targets: $90 to $340 per share.
- Share count per tranche adjustable by up to 20% based on TSR relative to Nasdaq-100 Index.
- All vested shares subject to a one-year holding period; exceptions for taxes, estate, charity.
- Employment agreement amended to modify definitions of 'Cause' and 'Good Reason' consistent with award.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1671933/000156459021050550/0001564590-21-050550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1671933/000156459021050550/ttd-8k_20211006.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-050550

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer