The Trade Desk shareholders cemented CEO Jeff Green’s control of the demand-side platform in a vote on Sept. 16, according to an SEC filing.
Investors pushed back a looming deadline by 10 years that would have automatically converted all Class B shares, which carry 10 votes each, into Class A shares, which carry a single vote each. Green holds over 42 million shares of Class B stock (out of 43.3 million) and nearly 5 million shares of Class A stock (out of nearly 446 million) in the company, according to another recent SEC filing, giving him nearly half the company’s voting power.
Shareholders representing 356,794,733 shares attended the meeting. 94.5% voted in support of the proposal to kick back the deadline, thereby retaining the company’s dual-class stock structure and preserving Green’s control. Just 5.2% of votes opposed the proposal, and 0.3% abstained.
The Trade Desk’s stock has slipped about 63% since the start of the year amid intensifying competition from Amazon, divisive platform changes, a downgrade from Morgan Stanley, and shakeups like the end of Walmart’s exclusive deal with the firm—despite high revenue growth in the first two quarters of 2025.
The Trade Desk declined a request for comment.