secwatch.observer — SEC 8-K summary
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Issuer:     Trade Desk, Inc. (TTD)
CIK:        0001671933
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001671933-25-000122
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Trade Desk appoints Alex Kayyal as CFO, replacing Laura Schenkein
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- Laura Schenkein steps down as CFO effective Aug 21, 2025, staying as non-executive through year-end.
- Alex Kayyal, board member since Feb 2025 and ex-Lightspeed partner, becomes CFO effective Aug 21.
- Kayyal's compensation: $600K base salary, $600K target bonus, $600K signing bonus, $400K relocation, $15M equity.
- Kayyal will remain on the board while serving as CFO; resigns from special committee.
- Transition is mutual agreement; Schenkein to support seamless handoff.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1671933/000167193325000122/0001671933-25-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1671933/000167193325000122/ttd-20250803.htm
  HTML page:      https://secwatch.observer/filing/0001671933-25-000122

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