FALBERG KATHRYN E 4

What Happened

• Kathryn E. Falberg, a Trade Desk director, reported dispositions of a total of 1,946 shares on March 23, 2026. Of those, 1,226 shares were disposed at $0 (forfeited) and 720 shares were disposed at $59.17 per share, generating cash proceeds of $42,602. The filings indicate these shares were related to restricted stock awards previously granted on May 27, 2025 and were affected by her resignation from the board.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (timely filing).
• Dispositions: 1,226 shares @ $0.00 (forfeiture); 212 shares @ $59.17 ($12,544); 296 shares @ $59.17 ($17,514); 212 shares @ $59.17 ($12,544). Total shares disposed = 1,946; total cash received = $42,602.
• Transaction code/type: D — disposition to the issuer (includes forfeiture and surrender of restricted stock awards).
• Footnotes: Awards were restricted stock awards granted May 27, 2025 under the Non‑Employee Director Compensation Policy (F1, F3–F6). Footnote F2 states unvested awards were forfeited upon her resignation.
• Shares owned after transaction: Not specified in the provided excerpt.

Context

• These were director restricted stock awards (non-employee director compensation), not open-market buys/sells by an executive or 10% owner. The $0 disposition reflects forfeiture of unvested awards due to resignation; the $59.17 dispositions reflect shares tied to those awards (the $59.17 figure also corresponds to the 45-day average price used for grant calculations). Such forfeitures and issuer surrenders following resignation are common administrative actions and do not by themselves indicate broader insider sentiment.