Filing Details

Accession Number:
0000899243-23-020664
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-12-19 17:22:32
Reporting Period:
2023-12-15
Accepted Time:
2023-12-19 17:22:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1650164 Toast Inc. TOST () E9
Insiders
Cik Name Reported Address Insider Title 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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-12-15 390,856 $0.00 390,856 No 4 C Indirect See footnotes
Class A Common Stock Disposition 2023-12-15 390,856 $17.07 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
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2023-12-15 390,856 $0.00 390,856 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
20,390,317 No 4 C Indirect
Footnotes
  1. 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.
  2. Represents 217,003 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), 173,853 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").
  3. 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.
  4. 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 the Bessemer Venture Partners Century Fund L.P. ("Bessemer Century") and Bessemer Venture Partners Century Fund Institutional L.P. ("Bessemer Century Institutional" and collectively "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.
  5. On December 15, 2013, Bessemer IX and Bessemer Institutional, sold 217,003 shares and 173,853 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $17.07. These shares were sold in multiple transactions at prices ranging from $17.00 to $17.16. 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.
  6. As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 9,715,481 shares of Class B Common Stock, 7,814,409 shares of Class B Common Stock, 391,306 shares of Class B Common Stock, and 2,469,121 shares of Class B Common Stock, respectively.