Home > Insider Trading > Filing (0000899243-22-037035)

Filing Details

Accession Number:: 0000899243-22-037035
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-25 16:30:16
Reporting Period:: 2022-11-22

Accepted Time:: 2022-11-25 16:30:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1650164	Toast Inc.	TOST	Services-Computer Processing & Data Preparation (7374)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1860725	Kent Richard Bennett	Toast, Inc. 401 Park Drive, Suite 801 Boston MA 02215		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Price	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2022-11-22	$0.00	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2022-11-22	$0.00	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2022-11-23	$0.00	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2022-11-23	$0.00	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	C	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2022-11-18	0	$0.00	0	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2022-11-21	0	$0.00	0	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect
0			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	790	Direct

Footnotes

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.
Represents 255,392 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), and 204,608 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional, L.P. ("Bessemer Institutional", and together with Bessemer IX, the "Bessemer IX Funds").
On November 22, 2022, Bessemer IX and Bessemer Institutional sold 255,392 shares and 204,608 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $18.09. These shares were sold in multiple transactions at prices ranging from $17.87 to $18.24, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer IX Funds and Bessemer Venture Partners Century Fund L.P. ("Bessemer Century") and Bessemer Venture Partners Century Fund Institutional L.P. ("Bessemer Century Institutional", and together with Bessemer Century, the "Bessemer Century Funds") by virtue of his interest in (1) Deer IX & Co. L.P., the general partner of the Bessemer IX Funds, and (2) Deer X & Co. L.P., the general partner of the Bessemer Century Funds and (3) certain other indirect limited partnership interests in certain of the Bessemer Funds.
(Continued footnote 4) The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer IX Funds and the Bessemer Century Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer IX Funds and Bessemer Century Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
The shares are directly held by the Reporting Person.
Represents 2,541,083 shares converted from Class B Common Stock to Class A Common Stock by Bessemer IX, and 2,035,796 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Institutional.
On November 23, 2022, Bessemer IX and Bessemer Institutional sold 2,541,083 shares and 2,035,796 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $18.01. These shares were sold in multiple transactions at prices ranging from $$17.94 to $18.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
After the transaction reported in footnote 2, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 20,758,804 shares of Class B Common Stock, 16,630,975 shares ofClass B Common Stock, 601,985 shares of Class B Common Stock, and 3,798,490 shares of Class B Common Stock, respectively.
As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 21, 18,217,721 shares of Class B Common Stock, 14,595,179 shares of Class B Common Stock, 601,985 shares of Class B Common Stock, and 3,798,490 shares of Class B Common Stock, respectively.