Wells David B's Form 4 filing
Trade Desk, Inc. (TTD) · filed May 30, 2023
- Accession no.
- 0001209191-23-033039
- Filed
- May 30, 2023
- Trade date
- May 25-30, 2023
- Filing delay
- 5 days
- Rule 10b5-1 plan
- Checked
This filing lists 1 non-derivative transaction and 4 derivative transactions. Open-market sales total $1.40M. It was filed 5 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Wells David BCIK 0001507645 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 30, 2023 | Class A Common Stock | SSaleDisposed | −20,000 | $70.00F2 | −$1,400,000 | 86,570 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 25, 2023 | Class A Common Stock | AGrant or awardAcquired | +7,282 | $0.00F4 | $0 | 7,282 | Direct | |
| May 25, 2023 | Class A Common Stock | AGrant or awardAcquired | +1,374 | $36.39F5,F6 | +$49,999.86 | 1,374 | Direct | |
| May 25, 2023 | Class A Common Stock | AGrant or awardAcquired | +1,374 | $36.39F5,F6 | +$49,999.86 | 1,374 | Direct | |
| May 25, 2023 | Class A Common Stock | AGrant or awardAcquired | +274 | $36.39F5,F9 | +$9,970.86 | 274 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.01, 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.
Referenced by the price of 1 transaction in Table I.
- F4
The option was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy as an annual director equity grant.
Referenced by the price of 1 transaction in Table II.
- F5
This price represents the Black-Scholes value of an option using the average closing stock price for a share of the Issuer's Class A Common Stock for forty-five consecutive trading days ending on, and including, the grant date. This price was used to calculate the number of shares subject to the option granted.
Referenced by the price of 3 transactions in Table II.
- F6
The option was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of director retainer and meeting fees of $50,000.
Referenced by the price of 2 transactions in Table II.
- F9
The option was issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy in lieu of director retainer and meeting fees of $10,000.
Referenced by the price of 1 transaction in Table II.