Filing Details
- Accession Number:
- 0001193125-22-037468
- Form Type:
- 13G Filing
- Publication Date:
- 2022-02-10 19:00:00
- Filed By:
- Gv 2014, L.p.
- Company:
- Toast Inc. (NYSE:TOST)
- Filing Date:
- 2022-02-11
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| GV | 8,064,224 | 8,064,224 | 8,064,224 | 9.69% | ||
| GV | 8,064,224 | 8,064,224 | 8,064,224 | 148 was calculated using the formula for calculating convertible securities (Convertible securities held (total underlying securities outstanding convertible securities held)). Page 2 of 15 CUSIP No. 888787108 13G 1 NAME OF REPORTING PERSONS GV 2014 GP, L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 8,064,224 (1) 6 SHARED VOTING POWER See response to row 5. 7 SOLE DISPOSITIVE POWER 8,064,224 (2) 8 SHARED DISPOSITIVE POWER See response to row 7. 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,064,224 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.69% | ||
| GV | 1,432,660 | 1,432,660 | 1,432,660 | 148 was calculated using the formula for calculating convertible securities (Convertible securities held (total underlying securities outstanding convertible securities held)). Page 3 of 15 CUSIP No. 888787108 13G 1 NAME OF REPORTING PERSONS GV 2017, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,432,660 (4) 6 SHARED VOTING POWER See response to row 5. 7 SOLE DISPOSITIVE POWER 1,432,660 (5) 8 SHARED DISPOSITIVE POWER See response to row 7. 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,432,660 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.72% | ||
| GV | 1,432,660 | 1,432,660 | 1,432,660 | 148 was calculated using the formula for calculating convertible securities (Convertible securities held (total underlying securities outstanding convertible securities held)). Page 4 of 15 CUSIP No. 888787108 13G 1 NAME OF REPORTING PERSONS GV 2017 GP, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,432,660 (4) 6 SHARED VOTING POWER See response to row 5. 7 SOLE DISPOSITIVE POWER 1,432,660 (5) 8 SHARED DISPOSITIVE POWER See response to row 7. 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,432,660 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.72% | ||
| GV | 1,432,660 | 1,432,660 | 1,432,660 | 148 was calculated using the formula for calculating convertible securities (Convertible securities held (total underlying securities outstanding convertible securities held)). Page 5 of 15 CUSIP No. 888787108 13G 1 NAME OF REPORTING PERSONS GV 2017 GP, L.L.C. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,432,660 (4) 6 SHARED VOTING POWER See response to row 5. 7 SOLE DISPOSITIVE POWER 1,432,660 (5) 8 SHARED DISPOSITIVE POWER See response to row 7. 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,432,660 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.72% | ||
| Alphabet Holdings | 9,496,884 | 9,496,884 | 9,496,884 | 148 was calculated using the formula for calculating convertible securities (Convertible securities held (total underlying securities outstanding convertible securities held)). Page 6 of 15 CUSIP No. 888787108 13G 1 NAME OF REPORTING PERSONS Alphabet Holdings LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 9,496,884 (6) 6 SHARED VOTING POWER See response to row 5. 7 SOLE DISPOSITIVE POWER 9,496,884 (7) 8 SHARED DISPOSITIVE POWER See response to row 7. 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,496,884 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.41% | ||
| XXVI Holdings Inc | 9,496,884 | 9,496,884 | 9,496,884 | 148 was calculated using the formula for calculating convertible securities (Convertible securities held (total underlying securities outstanding convertible securities held)). Page 7 of 15 CUSIP No. 888787108 13G 1 NAME OF REPORTING PERSONS XXVI Holdings Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 9,496,884 (6) 6 SHARED VOTING POWER See response to row 5. 7 SOLE DISPOSITIVE POWER 9,496,884 (7) 8 SHARED DISPOSITIVE POWER See response to row 7. 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,496,884 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.41% | ||
| Alphabet Inc | 9,496,884 | 9,496,884 | 9,496,884 | 148 was calculated using the formula for calculating convertible securities (Convertible securities held (total underlying securities outstanding convertible securities held)). Page 8 of 15 CUSIP No. 888787108 13G 1 NAME OF REPORTING PERSONS Alphabet Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 9,496,884 (6) 6 SHARED VOTING POWER See response to row 5. 7 SOLE DISPOSITIVE POWER 9,496,884 (7) 8 SHARED DISPOSITIVE POWER See response to row 7. 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,496,884 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.41% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Toast, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.000001 per share
(Title of Class of Securities)
888787108
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule 13d-1(b) |
| ☐ | Rule 13d-1(c) |
| ☒ | Rule 13d-1(d) |
| * | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
Page 1 of 15
| CUSIP No. 888787108 | 13G |
| 1 | NAME OF REPORTING PERSONS
GV 2014, L.P. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER
8,064,224 (1) | ||||
| 6 | SHARED VOTING POWER
See response to row 5. | |||||
| 7 | SOLE DISPOSITIVE POWER
8,064,224 (2) | |||||
| 8 | SHARED DISPOSITIVE POWER
See response to row 7. | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,064,224 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.69% (3) | |||||
| 12 | TYPE OF REPORTING PERSON
PN | |||||
| (1) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2014, L.P. |
| (2) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2014, L.P. |
| (3) | Based on 73,730,137 shares of the Issuers Class A Common Stock outstanding as of November 2, 2021 as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 9, 2021. Provided that the Conversion took place after the Issuer filed the Form 10-Q referenced above, Percent of Class Represented by Amount in Row 9 was calculated using the formula for calculating convertible securities (Convertible securities held ÷ (total underlying securities outstanding + convertible securities held)). |
Page 2 of 15
| CUSIP No. 888787108 | 13G |
| 1 | NAME OF REPORTING PERSONS
GV 2014 GP, L.L.C. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER
8,064,224 (1) | ||||
| 6 | SHARED VOTING POWER
See response to row 5. | |||||
| 7 | SOLE DISPOSITIVE POWER
8,064,224 (2) | |||||
| 8 | SHARED DISPOSITIVE POWER
See response to row 7. | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,064,224 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.69% (3) | |||||
| 12 | TYPE OF REPORTING PERSON OO
| |||||
| (1) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2014, L.P. |
| (2) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2014, L.P. |
| (3) | Based on 73,730,137 shares of the Issuers Class A Common Stock outstanding as of November 2, 2021 as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 9, 2021. Provided that the Conversion took place after the Issuer filed the Form 10-Q referenced above, Percent of Class Represented by Amount in Row 9 was calculated using the formula for calculating convertible securities (Convertible securities held ÷ (total underlying securities outstanding + convertible securities held)). |
Page 3 of 15
| CUSIP No. 888787108 | 13G |
| 1 | NAME OF REPORTING PERSONS
GV 2017, L.P. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER
1,432,660 (4) | ||||
| 6 | SHARED VOTING POWER
See response to row 5. | |||||
| 7 | SOLE DISPOSITIVE POWER
1,432,660 (5) | |||||
| 8 | SHARED DISPOSITIVE POWER
See response to row 7. | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,432,660 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.72% (3) | |||||
| 12 | TYPE OF REPORTING PERSON PN
| |||||
| (4) | Consists of 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2017, L.P. |
| (5) | Consists of 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2017, L.P. |
| (3) | Based on 73,730,137 shares of the Issuers Class A Common Stock outstanding as of November 2, 2021 as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 9, 2021. Provided that the Conversion took place after the Issuer filed the Form 10-Q referenced above, Percent of Class Represented by Amount in Row 9 was calculated using the formula for calculating convertible securities (Convertible securities held ÷ (total underlying securities outstanding + convertible securities held)). |
Page 4 of 15
| CUSIP No. 888787108 | 13G |
| 1 | NAME OF REPORTING PERSONS
GV 2017 GP, L.P. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER
1,432,660 (4) | ||||
| 6 | SHARED VOTING POWER
See response to row 5. | |||||
| 7 | SOLE DISPOSITIVE POWER
1,432,660 (5) | |||||
| 8 | SHARED DISPOSITIVE POWER
See response to row 7. | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,432,660 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.72% (3) | |||||
| 12 | TYPE OF REPORTING PERSON PN
| |||||
| (4) | Consists of 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2017, L.P. |
| (5) | Consists of 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2017, L.P. |
| (3) | Based on 73,730,137 shares of the Issuers Class A Common Stock outstanding as of November 2, 2021 as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 9, 2021. Provided that the Conversion took place after the Issuer filed the Form 10-Q referenced above, Percent of Class Represented by Amount in Row 9 was calculated using the formula for calculating convertible securities (Convertible securities held ÷ (total underlying securities outstanding + convertible securities held)). |
Page 5 of 15
| CUSIP No. 888787108 | 13G |
| 1 | NAME OF REPORTING PERSONS
GV 2017 GP, L.L.C. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER
1,432,660 (4) | ||||
| 6 | SHARED VOTING POWER
See response to row 5. | |||||
| 7 | SOLE DISPOSITIVE POWER
1,432,660 (5) | |||||
| 8 | SHARED DISPOSITIVE POWER
See response to row 7. | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,432,660 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.72% (3) | |||||
| 12 | TYPE OF REPORTING PERSON OO
| |||||
| (4) | Consists of 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2017, L.P. |
| (5) | Consists of 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2017, L.P. |
| (3) | Based on 73,730,137 shares of the Issuers Class A Common Stock outstanding as of November 2, 2021 as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 9, 2021. Provided that the Conversion took place after the Issuer filed the Form 10-Q referenced above, Percent of Class Represented by Amount in Row 9 was calculated using the formula for calculating convertible securities (Convertible securities held ÷ (total underlying securities outstanding + convertible securities held)). |
Page 6 of 15
| CUSIP No. 888787108 | 13G |
| 1 | NAME OF REPORTING PERSONS
Alphabet Holdings LLC | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER
9,496,884 (6) | ||||
| 6 | SHARED VOTING POWER
See response to row 5. | |||||
| 7 | SOLE DISPOSITIVE POWER
9,496,884 (7) | |||||
| 8 | SHARED DISPOSITIVE POWER
See response to row 7. | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,496,884 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.41% (3) | |||||
| 12 | TYPE OF REPORTING PERSON OO
| |||||
| (6) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. and 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2014, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2017, L.P. |
| (7) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. and 1,432,660shares of the Issuers Class A Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), converted from shares of Class B Common Stock, held directly by GV 2017, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2014, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2017, L.P. |
| (3) | Based on 73,730,137 shares of the Issuers Class A Common Stock outstanding as of November 2, 2021 as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 9, 2021. Provided that the Conversion took place after the Issuer filed the Form 10-Q referenced above, Percent of Class Represented by Amount in Row 9 was calculated using the formula for calculating convertible securities (Convertible securities held ÷ (total underlying securities outstanding + convertible securities held)). |
Page 7 of 15
| CUSIP No. 888787108 | 13G |
| 1 | NAME OF REPORTING PERSONS
XXVI Holdings Inc. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER
9,496,884 (6) | ||||
| 6 | SHARED VOTING POWER
See response to row 5. | |||||
| 7 | SOLE DISPOSITIVE POWER
9,496,884 (7) | |||||
| 8 | SHARED DISPOSITIVE POWER
See response to row 7. | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,496,884 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.41% (3) | |||||
| 12 | TYPE OF REPORTING PERSON CO
| |||||
| (6) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. and 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2014, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2017, L.P. |
| (7) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. and 1,432,660shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2014, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2017, L.P. |
| (3) | Based on 73,730,137 shares of the Issuers Class A Common Stock outstanding as of November 2, 2021 as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 9, 2021. Provided that the Conversion took place after the Issuer filed the Form 10-Q referenced above, Percent of Class Represented by Amount in Row 9 was calculated using the formula for calculating convertible securities (Convertible securities held ÷ (total underlying securities outstanding + convertible securities held)). |
Page 8 of 15
| CUSIP No. 888787108 | 13G |
| 1 | NAME OF REPORTING PERSONS
Alphabet Inc. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER
9,496,884 (6) | ||||
| 6 | SHARED VOTING POWER
See response to row 5. | |||||
| 7 | SOLE DISPOSITIVE POWER
9,496,884 (7) | |||||
| 8 | SHARED DISPOSITIVE POWER
See response to row 7. | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,496,884 | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.41% (3) | |||||
| 12 | TYPE OF REPORTING PERSON CO, HC
| |||||
| (6) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. and 1,432,660 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2014, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to vote the shares held directly by GV 2017, L.P. |
| (7) | Consists of 8,064,224 shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2014, L.P. and 1,432,660shares of the Issuers Class A Common Stock, converted from shares of Class B Common Stock in November 2021 at an exchange rate of 1:1 (the Conversion), held directly by GV 2017, L.P. GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2014, L.P. GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may each be deemed to have sole power to dispose of the shares held directly by GV 2017, L.P. |
| (3) | Based on 73,730,137 shares of the Issuers Class A Common Stock outstanding as of November 2, 2021 as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 9, 2021. Provided that the Conversion took place after the Issuer filed the Form 10-Q referenced above, Percent of Class Represented by Amount in Row 9 was calculated using the formula for calculating convertible securities (Convertible securities held ÷ (total underlying securities outstanding + convertible securities held)). |
Page 9 of 15
| ITEM 1(A). | NAME OF ISSUER | |
| Toast, Inc. | ||
| ITEM 1(B). | ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES: | |
| 401 Park Drive, Suite 801 Boston, MA 02215 | ||
| ITEM 2(A). | NAME OF PERSONS FILING: | |
| This statement is filed by the following entities, collectively referred to as the Reporting Persons:
GV 2014, L.P., a Delaware limited partnership
GV 2014 GP, L.L.C., a Delaware limited liability company
GV 2017, L.P., a Delaware limited partnership
GV 2017 GP, L.P., a Delaware limited partnership
GV 2017 GP, L.L.C., a Delaware limited liability company
Alphabet Holdings LLC, a Delaware limited liability company
XXVI Holdings Inc., a Delaware corporation, and
Alphabet Inc., a Delaware corporation
Each of GV 2014 GP, L.L.C. (the general partner of GV 2014, L.P.), Alphabet Holdings LLC (the sole member of GV 2014 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may be deemed to have sole power to vote or sole power to dispose of the securities owned directly by GV 2014, L.P.
Each of GV 2017 GP, L.P. (the general partner of GV 2017, L.P.), GV 2017 GP, L.L.C. (the general partner of GV 2017 GP, L.P.), Alphabet Holdings LLC (the sole member of GV 2017 GP, L.L.C.), XXVI Holdings Inc. (the sole member of Alphabet Holdings LLC), and Alphabet Inc. (the controlling stockholder of XXVI Holdings Inc.) may be deemed to have sole power to vote or sole power to dispose of the securities owned directly by GV 2017, L.P. | ||
| ITEM 2(B). | ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE: | |
| The address of the principal business office for each of the Reporting Persons is: | ||
| 1600 Amphitheatre Parkway | ||
| Mountain View, CA 94043 | ||
| ITEM 2(C). | CITIZENSHIP: | |
| GV 2014, L.P. is a Delaware limited partnership, GV 2014 GP, L.L.C. is a Delaware limited liability company, GV 2017, L.P. is a Delaware limited partnership, GV 2017 GP, L.P. is a Delaware limited partnership, GV 2017 GP, L.L.C. is a Delaware limited liability company, Alphabet Holdings LLC is a Delaware limited liability company, XXVI Holdings Inc. is a Delaware corporation, and Alphabet Inc. is a Delaware corporation. | ||
Page 10 of 15
| ITEM 2(D)/(E). | TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER: | |
| Class A Common Stock, par value $0.000001 per share | ||
| CUSIP # 888787108 | ||
| ITEM 3. | Not Applicable. | |
| ITEM 4. | OWNERSHIP: | |
| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | ||
| (a) | Amount beneficially owned: |
See Row 9 of cover page for each Reporting Person.
| (b) | Percent of Class: |
See Row 11 of cover page for each Reporting Person.
| (c) | Number of shares as to which such person has: |
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
See Row 7 of cover page for each Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
See Row 8 of cover page for each Reporting Person.
| ITEM 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: | |
| Not Applicable. | ||
| ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: | |
| Under certain circumstances set forth in the limited partnership agreement of GV 2014, L.P., the limited partnership agreement of GV 2017, L.P., the limited partnership agreement of GV 2017 GP, L.P., the limited liability company agreement of GV 2014 GP, L.L.C., and the limited liability company agreement of GV 2017 GP, L.L.C., the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a general partner, limited partner, or member. | ||
Page 11 of 15
| ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: | |
| Not Applicable. | ||
| ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: | |
| Not Applicable. | ||
| ITEM 9. | NOTICE OF DISSOLUTION OF GROUP: | |
| Not Applicable. | ||
| ITEM 10. | CERTIFICATION: | |
| Not Applicable. | ||
Page 12 of 15
SIGNATURES
After reasonable inquiry and to the best of her or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Dated: February 11, 2022 | ||
| GV 2014, L.P. | ||
| By: GV 2014 GP, L.L.C., its General Partner | ||
| By: Alphabet Holdings LLC, its Sole Member | ||
| By: | /s/ Kathryn W. Hall | |
| Name: | Kathryn W. Hall | |
| Title: | Secretary | |
| GV 2014 GP, L.L.C. | ||
| By: Alphabet Holdings LLC, its Sole Member | ||
| By: | /s/ Kathryn W. Hall | |
| Name: | Kathryn W. Hall | |
| Title: | Secretary | |
| GV 2017, L.P. | ||
| By: GV 2017 GP, L.P., its General Partner | ||
| By: GV 2017 GP, L.L.C., its General Partner | ||
| By: Alphabet Holdings LLC, its Sole Member | ||
| By: | /s/ Kathryn W. Hall | |
| Name: | Kathryn W. Hall | |
| Title: | Secretary | |
| GV 2017 GP, L.P. | ||
| By: GV 2017 GP, L.L.C., its General Partner | ||
| By: Alphabet Holdings LLC, its Sole Member | ||
| By: | /s/ Kathryn W. Hall | |
| Name: | Kathryn W. Hall | |
| Title: | Secretary | |
| GV 2017 GP, L.L.C | ||
| By: Alphabet Holdings LLC, its Sole Member | ||
| By: | /s/ Kathryn W. Hall | |
| Name: | Kathryn W. Hall | |
| Title: | Secretary | |
| Alphabet Holdings LLC | ||
| By: | /s/ Kathryn W. Hall | |
| Name: | Kathryn W. Hall | |
| Title: | Secretary | |
| XXVI Holdings Inc. | ||
| By: | /s/ Kathryn W. Hall | |
| Name: | Kathryn W. Hall | |
| Title: | Assistant Secretary | |
| Alphabet Inc. | ||
| By: | /s/ Kathryn W. Hall | |
| Name: | Kathryn W. Hall | |
| Title: | Assistant Secretary | |
Page 13 of 15
EXHIBIT INDEX
| Exhibit | Found on Sequentially Numbered Page | |||
| Exhibit A: Agreement of Joint Filing | 14 | |||
Page 14 of 15