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Filing Details

Accession Number:: 0000899243-22-037037
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-25 16:30:26
Reporting Period:: 2022-11-22

Accepted Time:: 2022-11-25 16:30:26
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1650164	Toast Inc.	TOST	()	E9

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1624149	L.p. Institutional Ix Partners Venture Bessemer	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1655213	L.p. Ix Partners Venture Bessemer	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1655219	Deer Ix & Co. L.p.	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1655220	Deer Ix & Co. Ltd.	C/O Bessemer Venture Partners 1865 Palmer Ave., Suite 104 Larchmont NY 10538	No	No	Yes	No
1768637	Deer X & Co. L.p.	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1768677	Deer X & Co. Ltd.	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1787477	L.p. Institutional Fund Century Partners Venture Bessemer	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1787478	L.p. Fund Century Partners Venture Bessemer	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2022-11-22	460,000	$0.00	460,000	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2022-11-22	460,000	$18.09	0	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2022-11-23	4,576,879	$0.00	4,576,879	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2022-11-23	4,576,879	$18.01	0	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2022-11-22	460,000	$0.00	460,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2022-11-23	4,576,879	$0.00	4,576,879	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
41,790,254			No	4	C	Indirect
37,213,375			No	4	C	Indirect

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").
Deer IX & Co. Ltd. ("Deer IX Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer IX L.P."), which is the general partner of each of the Bessemer IX Funds. Deer IX Ltd. and Deer IX L.P. disclaim beneficial ownership of the securities held by the Bessemer IX Funds, and this report shall not be deemed an admission that Deer IX Ltd. and Deer IX L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Bessemer IX Funds.
Deer X & Co. Ltd. ("Deer X Ltd.") is the general partner of Deer X & Co. L.P. ("Deer X L.P."), which is the general partner of each of 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"). Deer X Ltd. and Deer X L.P. disclaim beneficial ownership of the securities held by the Bessemer Century Funds, and this report shall not be deemed an admission that Deer X Ltd. and Deer X L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Bessemer Century 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.
The price reported is a weighted average price. 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.
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.
The price reported is a weighted average price. 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 of Class 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 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.