---
schema_version: "secwatch.filing_event.v1"
accession: "0001671933-26-000025"
form_type: "8-K"
ticker: "TTD"
cik: "0001671933"
company_name: "Trade Desk, Inc."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:01:50.413516+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trade Desk appoints Drew Vollero to board; warns of Nasdaq noncompliance after two director resignations

## Summary
- Alexander Kayyal and Kathryn Falberg resigned from board effective March 19 and 23, 2026; no disagreement.
- Nasdaq issued noncompliance notice for failing audit/comp committee independence rules; cure period until Sept 21, 2026.
- Andrew Vollero, CFO of Reddit, appointed to board and audit committee effective Apr 3, 2026; fills vacancy from Rajaram.
- Alexander Kayyal to receive $400,000 relocation payment under separation agreement after CFO departure.
- Vollero to receive $50k annual board retainer, $12.5k audit fee, and equity grants valued at $290k initial and $290k prorated.

## SEC filing metadata
- accession: 0001671933-26-000025
- form_type: 8-K
- ticker: TTD
- cik: 0001671933
- company_name: Trade Desk, Inc.
- filed_at: 2026-03-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1671933/000167193326000025/0001671933-26-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1671933/000167193326000025/ttd-20260319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001671933-26-000025
- JSON: https://secwatch.observer/filing/0001671933-26-000025.json
- Plain text: https://secwatch.observer/filing/0001671933-26-000025.txt

## Source-grounded claims
- claim_id: 0196eb5589761912f61fb8dfc7a7ad34334a8917
  claim: Trade Desk, Inc. received a nasdaq noncompliance notice notice regarding audit committee (rules 5605(c)(2)(A), 5605(d)(2)(A), 5605).
  evidence_excerpt: ule or Standard; Transfer of Listing. On March 24, 2026, The Trade Desk, Inc. (the “Company”) notified The Nasdaq Stock Market LLC (“Nasdaq”) that due to Kathryn E. Falberg’s resignation from the Company’s board of directors (the “Board”), the Company was not in compliance with Nasdaq Listing Rules 5605(c)(2)(A) and 5605(d)(2)(A), which require, respectively, the audit committee of the Board (the “Audit Committee”) to be comprised of a minimum of three independent directors and the compensation committee of the Board (the “Compensation Committee”) to be comprised of a minimum of two independen
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671933/000167193326000025/0001671933-26-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.