Trade Desk Faces Delisting Concerns

TL;DR

TTD might be delisted, check the news.

AI Summary

The Trade Desk, Inc. filed an 8-K on December 15, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event reported on December 9, 2025. The company is incorporated in Nevada and its principal executive offices are located at 42 N. Chestnut Street, Ventura, California.

Why It Matters

This filing indicates potential issues with The Trade Desk's continued listing on a stock exchange, which could impact its stock price and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a significant event that can lead to severe stock price declines and liquidity issues.

Key Numbers

• 001-37879 — SEC File Number (Identifies the company's filings with the SEC.)
• 27-1887399 — EIN (Employer Identification Number for tax purposes.)

Key Players & Entities

• The Trade Desk, Inc. (company) — Registrant
• December 9, 2025 (date) — Earliest event reported
• December 15, 2025 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• 42 N. Chestnut Street, Ventura, California (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.000001 — tered Class A Common Stock, par value $0.000001 per share TTD The Nasdaq Stock Market

Filing Documents

• ttd-20251209.htm (8-K) — 24KB
• 0001671933-25-000148.txt ( ) — 135KB
• ttd-20251209.xsd (EX-101.SCH) — 2KB
• ttd-20251209_lab.xml (EX-101.LAB) — 21KB
• ttd-20251209_pre.xml (EX-101.PRE) — 12KB
• ttd-20251209_htm.xml (XML) — 3KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. (c) On December 9, 2025, The Trade Desk, Inc. (the "Company") received a letter of reprimand (the "Letter") from the Listing Qualifications staff (the "Nasdaq Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the Nasdaq Staff had determined that the Company had violated Nasdaq's Listing Rules related to voting rights as set forth in Nasdaq Rules 5640 and IM-5640 (the "Voting Rights Rule"). In particular, the Letter asserts that this inadvertent violation of the Voting Rights Rule arose when the Company amended and restated its articles of incorporation to extend the date on which all of the Company's shares of Class B common stock will automatically convert into Class A common stock (the "Articles Amendment"). The Articles Amendment was approved by the Company's board of directors and subsequently by a vote of the Company's stockholders on September 16, 2025, pursuant to a proxy statement on Schedule 14A dated July 24, 2025. On October 15, 2025, the Nasdaq Staff contacted the Company regarding the Articles Amendment and application of the Voting Rights Rule thereto. The Nasdaq Staff concluded that it was appropriate to close the matter with the Letter issued in accordance with Nasdaq Rule 5810(c)(4). Accordingly, with the issuance of the Letter, the matter is closed by the Nasdaq Staff, with no further action to be taken on its part. Although the Company does not concur that the Articles Amendment violated the Voting Rights Rule, it welcomes Nasdaq's closing of this matter and does not intend to appeal the Nasdaq Staff's determination or take further action in this regard. The Letter has no impact on the listing of the Company's Class A common stock, which will continue to be listed and traded on Nasdaq. In addition, the Articles Amendment as adopted remains in full force and effect, and the Company's dual-class capitali

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: December 15, 2025 By: /s/ Jay Grant Jay Grant Chief Legal Officer