Filing Details
- Accession Number:
- 0000899243-22-013925
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-04-05 20:43:26
- Reporting Period:
- 2022-04-01
- Accepted Time:
- 2022-04-05 20:43:26
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1650164 | Toast Inc. | TOST | () |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1907485 | Jonathan Grimm | Toast, Inc. 401 Park Drive, Suite 801 Boston MA 02215 | Chief Technology Officer | No | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2022-04-01 | 6,250 | $0.00 | 6,250 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2022-04-04 | 1,918 | $23.67 | 4,332 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | Disposition | 2022-04-01 | 6,250 | $0.00 | 6,250 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2022-03-25 | 258,333 | $0.00 | 258,333 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 18,750 | No | 4 | M | Direct | ||
| 1,781,667 | No | 5 | G | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 3,084,674 | Indirect | By The Jonathan M. Grimm Trust |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Common Stock | $0.00 | 20,394,948 | 20,394,948 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 510,000 | 510,000 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 510,000 | 510,000 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 20,394,948 | 20,394,948 | Indirect | |
| 510,000 | 510,000 | Indirect | |
| 510,000 | 510,000 | Indirect |
Footnotes
- Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.
- The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.
- Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.
- Reflects 258,333 shares of Class B Common Stock transferred from The Jonathan M. Grimm 2020 Grantor Retained Annuity Trust to The Jonathan M. Grimm Trust in connection with an annual GRAT distribution.
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