Short answer
Trade Desk (The) (TTD) filed an 8-K current report with the SEC on September 15, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Jeff Green granted performance option for up to 7,000,000 Class A shares at $14.97 exercise price.
Trade Desk (The) 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Jeff Green granted performance option for up to 7,000,000 Class A shares at $14.97 exercise price
- Vesting requires 20-consecutive-trading-day average prices from $18 to $105 across seven tranches
- Largest tranches: 1,200,000 shares each at $18, $30, and $45 targets
- Ten-year option creates substantial long-term dilution potential, contingent on major stock-price appreciation
- Continued CEO service generally required, with limited change-in-control and qualifying-termination protections
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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