Trade Desk BDRs in Brazil undergo 1-for-100 reverse stock split on Sept. 21 after ratio reset
TTD•Fractional entitlements
Fractional entitlements from the consolidation will be paid in cash, with no rounding, subject to withholding tax.
Brazil BDR program ratio reset
Trade Desk’s unsponsored Level 1 BDR program in Brazil will shift its share-to-BDR ratio to 1:1 from 1:100.
Mandatory reverse split and timing
A mandatory reverse split will apply at a 0.01 factor, cutting each 1 BDR held to 0.01 BDR.
- Eligible date set for Sep. 18, 2026
- Ex-date Sep. 21, 2026
- New BDRs credited Sep. 23, 2026
