Filing Details
- Accession Number:
- 0000950170-24-023390
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-02-29 18:46:43
- Reporting Period:
- 2024-02-27
- Accepted Time:
- 2024-02-29 18:46:43
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1650164 | Toast Inc. | TOST | Services-Computer Processing & Data Preparation (7374) | 454168768 |
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 | No | No | No | 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 | 2024-02-27 | 0 | $0.00 | 0 | No | 4 | C | Indirect | See footnotes |
Class A Common Stock | Disposition | 2024-02-27 | 0 | $0.00 | 0 | No | 4 | S | Indirect | See footnotes |
Class A Common Stock | Disposition | 2024-02-28 | 0 | $0.00 | 0 | No | 4 | S | Indirect | See footnotes |
Class A Common Stock | Disposition | 2024-02-29 | 0 | $0.00 | 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 | S | 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 | 2024-02-27 | 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 |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Class A Common Stock | 408,092 | 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 95,176 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), 76,252 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") as well as 31,268 Class B Common Stock to Class A common Stock by Bessemer Venture Partners Century Fund L.P. ("Bessemer Century") and 197,304 Class B Common Stock to Class A common Stock by Bessemer Venture Partners Century Fund Institutional L.P. ("Bessemer Century Institutional", and together with Bessemer Century, the "Bessemer Century Funds").
- On February 27, 2024, Bessemer IX, Bessemer Institutional, Bessemer Century, and Bessemer Century Institutional sold 23,794, 19,063, 7,817, and 49,326 shares of Class A Common Stock of Toast, Inc, respectively, at a weighted average price of $22.02. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.10. 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.
- On February 28, 2024, Bessemer IX, Bessemer Institutional, Bessemer Century, and Bessemer Century Institutional sold 71,382, 57,189, 23,451, and 147,978 shares of Class A Common Stock of Toast, Inc, respectively, at a weighted average price of $22.53. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.93. 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.
- On February 29, 2024, Bessemer IX, Bessemer Institutional, Bessemer Century, and Bessemer Century Institutional sold 88,060, 70,548, 28,931, and 182,545 shares of Class A Common Stock of Toast, Inc, respectively, at a weighted average price of $23.11. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.51. 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 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. 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.
- Includes 11,292 Class A Common Stock received by the Reporting Person related to equity grants issued by the Company. The Reporting Person has agreed to assign to Deer Management Co, LLC the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.
- These shares are held directly by the reporting person.
- As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 7,870,437 shares of Class B Common Stock, 6,349,184 shares of Class B Common Stock, 331,107 shares of Class B Common Stock, and 2,089,272 shares of Class B Common Stock, respectively.