{ "ticker": "TTD", "company": "The Trade Desk, Inc.", "cik": "0001671933", "exchange": "NASDAQ", "gics_sector": "Information Technology", "industry": "Information Technology", "logo_url": "https://www.google.com/s2/favicons?domain=thetradedesk.com&sz=128", "from_state": "DE", "to_state": "NV", "effective_date_iso": "2024-11-14", "actual_effective_date_iso": "2024-11-14", "proposed_effective_date_iso": null, "source_confidence": "VERIFIED_EFFECTIVE", "is_legal_precedent": 1, "vote_mechanism": "MEETING", "approval_basis": "For \u00f7 outstanding voting power (DGCL \u00a7266 conversion)", "threshold_result": "PASSED", "event_type": "REINCORPORATION", "two_attempt_flag": 0, "prior_failed_vote_flag": 0, "governance_concession_redo_flag": 0, "subsequent_event_flag": 0, "subsequent_event_type": null, "subsequent_event_date_iso": null, "subsequent_event_note": null, "public_tier": "VERIFIED_TRACKER", "event_study_announcement_json": "{\"event_date\":\"2024-09-20\",\"event_tag\":\"announcement\",\"estimation_window\":\"2023-10-06 to 2024-09-19 (240 days)\",\"specifications\":[{\"name\":\"Synthetic control (9-donor Information Technology peer pool)\",\"day0_ar\":0.002746112910106197,\"p_value\":null,\"p_label\":\"no inference (point estimate)\",\"extra\":{\"pre_rmspe\":0.026461706352154436,\"n_donors\":9,\"top_weights\":{\"EA\":0.1737,\"META\":0.1734,\"TTWO\":0.1522,\"SNAP\":0.1257,\"PINS\":0.1209},\"r2_pre\":-1.5244880288369482}},{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":-0.0022984836049542907,\"p_value\":0.932080390198404,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":-0.00040250881219422734,\"beta\":1.7465597235317964,\"r2\":0.21060990898233056}},{\"name\":\"Sector-augmented model (SPY + Nasdaq-100 (QQQ))\",\"day0_ar\":-0.002739264690343461,\"p_value\":0.9188599982529009,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":-0.00017815985749311625,\"beta_mkt\":1.0383973730839198,\"beta_sector\":0.5293988126054925,\"r2\":0.21478591526198498},\"is_headline\":true},{\"name\":\"Matched pair (vs EA, market-model-adjusted)\",\"day0_ar\":0.004924633468809333,\"p_value\":0.8638693686436634,\"p_label\":\"two-sided p-value\",\"extra\":{\"se\":0.028723315874110335,\"t\":0.171450729797117}},{\"name\":\"Raw differential vs EA\",\"day0_ar\":0.0027351703859002097,\"p_value\":null,\"p_label\":\"no inference\",\"extra\":{}}],\"robustness\":{\"pretrend_test\":{\"slope_pct_per_day\":0.0020519008780683244,\"p_slope\":0.46656174986007937,\"verdict\":\"no_pretrend_detected\"},\"sign_test\":{\"n_same_direction\":7,\"n_total\":9,\"binomial_p_two_sided\":0.1796875},\"synth_fit\":{\"pearson_corr\":0.6010971520983315,\"r_squared_levels\":-1.5244880288369482,\"durbin_watson\":2.0454346462006354}},\"per_window\":[],\"_source\":\"Source A: phase4v cohort runner (5 specs + robustness, 2026-04-28 yfinance pull); joined into data.json by phase5z_join_full_battery.py\",\"event_kind\":\"announcement\",\"t0_source_field\":\"announcement_date_iso\"}", "announcement_date_iso": "2024-10-03", "meeting_date_iso": "2024-11-14", "vote_result": "APPROVED", "status_label": "COMPLETED", "market_cap_usdmm": 10563.1, "bucket_class": "A", "public_bucket_code": "B", "public_bucket_label": "Pre-SB29 DExit mover (2024 wave)", "public_bucket_subcode": "B1", "panel_eligibility": "PRE_SB29_BENCHMARK", "transaction_status": "COMPLETED", "audit_status": "NEEDS_ACCESSION", "audit_notes": "[2026-04-28] Phase 4I: replaced Google-search IR fallback with direct URL https://investors.thetradedesk.com/ | [2026-04-28] Phase 4K: corrected vote date (was 2024-09-26, actually 2024-11-14 Special Meeting). Trade Desk Delaware Chancery refused to require supermajority \u2014 second-most-cited legal precedent after Palkon v. Maffei. is_legal_precedent=1; treat with heavy annotation. | [2026-04-28] Phase 4N: synthesized event_study_announcement_json from existing scalar CAR cells (phase4a_v2 join). Reviewer can extend with multi-spec analysis.\n[2026-04-28] phase5c: vote source 8-K 0001193125-24-260382 (2024-11-18, \u0394=4d) applied from EDGAR pull (status=AUTO_RESOLVED)\n[ORIGINAL_ACCESSION_FIELD_TEXT] DEF 14A Oct 3, 2024 (special meeting Nov 14, 2024; DE->NV)\n[2026-04-28] phase5e: no canonical accession found in raw value 'DEF 14A Oct 3, 2024 (special meeting Nov 14, 2024; DE->NV)'; original narrative moved to audit_notes; edgar_accession_canonical cleared and audit_status flagged NEEDS_ACCESSION for manual EDGAR pull\n[2026-04-28] phase5c: vote source 8-K 0001193125-24-260382 (2024-11-18, \u0394=4d) applied from EDGAR pull (status=AUTO_RESOLVED)\n[2026-04-29] phase5r: bucket 'B1' -> 'A' (DE->NV effective 2024-11-14 < SB29 (2025-05-14) -> bucket A (pre-SB29))\n[2026-04-29] phase5w: comprehensive validation by external reviewer across tranches v4 (4-version full residual walk, 269 substantive answers across 52 firms, 0 bucket drifts vs v3.58) | [2026-04-29] v3.75: VERIFIED \u2014 DGCL \u00a7266 conversion mechanism. Per Dechert/Fried Frank/Harvard Forum: Gunderson v. Trade Desk (Del. Ch. Nov 2024) RULED that the charter's supermajority amendment threshold was INAPPLICABLE to Nevada conversion under \u00a7266; only DGCL-statutory majority-of-outstanding-voting-power was required. Special meeting Nov 14, 2024. | v3.84-rev2 MODERATE date correction: announcement_date_iso changed from 2024-09-20 to 2024-10-03. The September 2024 date was the board approval / press-release date, not the first SEC-filed disclosure. The DEF 14A filing on October 3, 2024 is the canonical first-SEC-disclosure date per protocol. PRE 14A verification still pending; correct to October 3 unless an earlier qualifying filing is found. | v3.84-rev5 [2026-04-30] cell-audit reconciliation verified: DEF 14A filing date (first proxy disclosure) (source_type=DEF14A, quality=HIGH).", "edgar_accession": null, "edgar_accession_note": "DEF 14A Oct 3, 2024 (special meeting Nov 14, 2024; DE->NV)", "links": [ { "label": "IR", "url": "https://investors.thetradedesk.com/", "link_type": "ir" }, { "label": "EDGAR", "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001671933&type=&dateb=&owner=include&count=40", "link_type": "search" }, { "label": "Proxy", "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001671933&type=DEF+14A&dateb=&owner=include&count=40", "link_type": "search" } ], "car": { "value": 0.004075631756298454, "significant_5pct": 0, "specification": "panel_A_pooled_3primary", "source": "05_REVIEWER_AUDIT_PACKAGE/code/panelA_CAR_BHAR_matrix_v2.3.csv", "status": "ESTIMATED", "bhar_3mo": 0.073452, "bhar_6mo": -0.526905, "pooled_3primary": 0.004075631756298454, "t0_a": -0.06063880606892565, "t0_b": 0.07770703435191237, "t0_c": -0.01299259652668827, "announce": { "value": -0.06063880606892565, "pvalue": null, "specification": "panel_A_T0_announcement", "event_date": null }, "vote": { "value": 0.07770703435191237, "pvalue": null, "specification": "panel_A_T0_vote", "event_date": null } }, "votes_for": null, "votes_against": null, "votes_abstain": null, "votes_broker_nonvote": null, "approval_pct": null, "votes_for_disinterested": null, "votes_against_disinterested": null, "votes_abstain_disinterested": null, "votes_broker_nonvote_disinterested": null, "approval_pct_disinterested": null, "approval_basis_disinterested": null, "announcement_PRE_14A_accession": null, "announcement_PRE_14A_url": null, "vote_source_8k_accession": "0001193125-24-260382", "vote_source_8k_url": "https://www.sec.gov/Archives/edgar/data/1671933/000119312524260382/d878592d8k.htm", "vote_proposal_title": null, "meeting_type": null, "approval_standard": "majority of the voting power of the outstanding stock entitled to vote (DGCL \u00a7266 conversion)", "companion_proposal": null, "proxy_advisors": null, "management_response": null, "press_coverage": [], "prior_vote": null, "panel_a_tx_incumbent": 0, "panel_b_dexit_mover": 1, "texas_statutory_adoptions": { "tboc_21_552": { "name": "SB 29 \u2014 TBOC \u00a721.552 derivative threshold", "adopted": 0, "source": null, "url": null, "date": null }, "tboc_21_373": { "name": "SB 1057 \u2014 TBOC \u00a721.373 shareholder-proposal threshold", "adopted": null, "source": null, "url": null, "date": null } }, "event_study_outcome_json": "{\"event_date\":\"2024-11-14\",\"event_kind\":\"outcome\",\"event_tag\":\"outcome\",\"t0_source_field\":\"actual_effective_date_iso\",\"estimation_window\":\"trailing 240 days; 240 valid after NaN drop\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":-0.0011425642819675435,\"p_value\":0.961086430675683,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0008445295172053363,\"beta\":1.6279672639418297,\"r2\":0.2272169705057222,\"sigma\":0.02332231582001569},\"is_headline\":true}],\"_meta\":{\"n_valid_pre_days\":240},\"_source\":\"Source B: phase4v3 NaN-safe runner (outcome/vote window, 2026-04-29 yfinance pull); joined by phase5z_join_full_battery.py\"}", "first_sec_disclosure_date": "2024-10-03", "first_sec_disclosure_form": "DEF 14A", "first_sec_disclosure_accession": "0001193125-24-260382", "first_sec_disclosure_url": "https://www.sec.gov/Archives/edgar/data/1671933/000119312524231685/d854378ddef14a.htm", "announcement_source_type": "DEF14A", "announcement_accession_verified": "Y", "date_quality_flag": "HIGH", "controlled": 1, "controller_pct_voting_power": 25.0, "controller": "Jeffrey Green", "controller_source": "Founder-led, LIKELY", "event_study_longrun_json": "{\"event_kind\":\"longrun\",\"event_date\":\"2024-11-14\",\"t0_source_field\":\"actual_effective_date_iso\",\"horizons\":[{\"label\":\"BHAR_21d\",\"lay_label\":\"1 month\",\"horizon_days\":21,\"n_days_available\":21,\"bhar_vs_spy\":0.031130332654963677,\"bhar_vs_sector\":0.024318105528521983,\"sector_etf\":\"XLK\",\"patell\":{\"car\":0.025686481344436064,\"z\":0.2154840503937198,\"p_value\":0.8293899459348502,\"n\":21}},{\"label\":\"BHAR_63d\",\"lay_label\":\"3 months\",\"horizon_days\":63,\"n_days_available\":63,\"bhar_vs_spy\":-0.4267681537619529,\"bhar_vs_sector\":-0.4246027716597772,\"sector_etf\":\"XLK\",\"patell\":{\"car\":-0.5226318271217473,\"z\":-2.531312361834493,\"p_value\":0.011363659986131092,\"n\":63}},{\"label\":\"BHAR_126d\",\"lay_label\":\"6 months\",\"horizon_days\":126,\"n_days_available\":126,\"bhar_vs_spy\":-0.3933656380066898,\"bhar_vs_sector\":-0.3875474332248833,\"sector_etf\":\"XLK\",\"patell\":{\"car\":-0.43632478603705904,\"z\":-1.4943240041884034,\"p_value\":0.13509095404310045,\"n\":126}},{\"label\":\"BHAR_252d\",\"lay_label\":\"12 months\",\"horizon_days\":252,\"n_days_available\":252,\"bhar_vs_spy\":-0.804491220909375,\"bhar_vs_sector\":-0.8758015804536984,\"sector_etf\":\"XLK\",\"patell\":{\"car\":-1.2051511657490326,\"z\":-2.9185115462066324,\"p_value\":0.0035170684991963075,\"n\":252}}],\"calendar_time_alpha\":{\"vs_spy\":{\"alpha_daily\":-0.005410528049677997,\"alpha_annualized\":-0.7451690583903641,\"t_stat\":-2.2942922013488385,\"p_value\":0.021773720235583337,\"n_days\":363,\"se_type\":\"Newey-West HAC, lag=5\"},\"vs_sector\":{\"alpha_daily\":-0.00542146318239704,\"alpha_annualized\":-0.7458741309058565,\"t_stat\":-2.3174377058174325,\"p_value\":0.02047990036514655,\"n_days\":363,\"se_type\":\"Newey-West HAC, lag=5\"}},\"estimation_window\":\"trailing 240 days; market-model alpha+beta for Patell-z baseline\",\"_meta\":{\"n_post_days_available\":363,\"elapsed_days\":532,\"as_of\":\"2026-04-30\"},\"_source\":\"phase5z_compute_longrun.py; yfinance pull at run time\"}", "_evidence_strength": { "badge": "SILVER", "score": 60, "max": 100, "components": { "source_confidence": 30, "vote_totals": 0, "effective_date": 20, "car_estimate": 10, "edgar_accession": 0 } }, "_context_callout": "Mid-to-large-cap firm ($10.6B) with sufficient market depth for reliable event-study identification.", "_generated_at": "2026-04-30" }