The Trade Desk Files 8-K: Operations, Personnel, and Financials

Ticker: TTD · Form: 8-K · Filed: 2025-02-12T00:00:00.000Z

Sentiment: neutral

Topics: operations, personnel, financials

Related Tickers: TTD

TL;DR

TTD filed an 8-K on Feb 10th covering ops, exec changes, and financials. Stay tuned.

AI Summary

The Trade Desk, Inc. filed an 8-K on February 12, 2025, reporting events as of February 10, 2025. The filing covers results of operations, financial condition, departure/election of officers and directors, and other events. It also includes financial statements and exhibits.

Why It Matters

This 8-K filing provides timely updates on The Trade Desk's operational and financial status, as well as any significant changes in its leadership or board composition.

Risk Assessment

Risk Level: low — This is a routine 8-K filing reporting on standard corporate events and financial information.

Key Players & Entities

FAQ

What specific "Results of Operations and Financial Condition" are being reported?

The filing indicates that results of operations and financial condition are being reported, but the specific details are contained within the attached documents and exhibits.

Were there any changes in directors or officers reported on February 10, 2025?

Yes, the filing explicitly lists "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers" as an item of information.

What is the exact date of the earliest event reported in this 8-K?

The earliest event reported is dated February 10, 2025.

What is The Trade Desk, Inc.'s state of incorporation?

The Trade Desk, Inc. is incorporated in Nevada.

Where are The Trade Desk, Inc.'s principal executive offices located?

The principal executive offices are located at 42 N. Chestnut Street, Ventura, California 93001.

Filing Stats: 1,320 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2025-02-12 16:13:08

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 12, 2025, The Trade Desk, Inc. (the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Current Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On February 10, 2025, the Company's Board of Directors (the "Board") appointed Alexander Kayyal to the Board as a Class I director, effective February 14, 2025. Mr. Kayyal was appointed to a newly created vacancy on the Board resulting from an increase in the size of the Board from seven (7) directors to eight (8) directors. As a result of his appointment to the Board, Mr. Kayyal will be entitled to participate in the Company's non-employee director compensation program (the "Program"). Pursuant to the Program, Mr. Kayyal will be entitled to receive annual compensation of $50,000 for his service on the Board. Additionally, pursuant to the Program and under the Company's 2016 Incentive Award Plan, as amended, Mr. Kayyal will be eligible to receive (i) an initial equity grant valued at $290,000, which he may elect to receive in the form of restricted stock, restricted stock units, stock options or a mix of one-half restricted stock or restricted stock units and one-half options, which will generally vest

01 Other Events

Item 8.01 Other Events. On February 12, 2025, the Company issued a press release announcing that, in January 2025, the Company's board of directors authorized and approved an additional $564 million under its share repurchase program pursuant to which the Company may purchase its outstanding Class A Common Stock, par value $0.000001 per share (the "Class A Common Stock"), bringing the total amount for future repurchases to $1 billion. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. The share repurchase program does not obligate the Company to acquire any particular amount of Class A Common Stock and may be modified, suspended or terminated at any time at the discretion of the Company's board of directors.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the Company's amount, timing and sources of funding for the share repurchase program. Any forward-looking statements contained in this Current Report on Form 8-K are based upon the Company's historical performance and its current plans, estimates and expectations, and are not a representation that such plans, estimates or expectations will be achieved. These forward-looking statements represent the Company's expectations as of the date of this Current Report on Form 8-K, and involve risks, uncertainties and assumptions. The actual results may differ materially from those anticipated in the forward-looking statements as a result of numerous factors, many of which are beyond the control of the Company, including changes in price and volume and the volatility of the Company's Class A Common Stock, adverse developments affecting prices and trading of exchange-traded securities, including securities quoted on the Nasdaq Global Market, unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company and the risks and uncertainties disclosed in the Company's reports filed from time to time with the Securities and Exchange Commission, including its most recent Form 10K and any subsequent filings on Forms 10-Q or 8-K, available at www.sec.gov. The Company does not intend to update any forward-looking statement contained in this Current Report on Form 8-K to reflect events or circumstances arising after the date hereof.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are being filed herewith: Exhibit No. Description 99.1 Press release of the Company, dated February 12, 2025 . 99.2 Press release of the Company, dated February 12, 2025 . 104 Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE TRADE DESK, INC. Date: February 12, 2025 By: /s/ Laura Schenkein Laura Schenkein Chief Financial Officer (Principal Financial and Accounting Officer)

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