Filing Details

Accession Number:
0001650164-24-000115
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-04-03 16:53:01
Reporting Period:
2024-04-01
Accepted Time:
2024-04-03 16:53:01
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
1869038 Stephen Fredette Toast, Inc.
333 Summer Street
Boston MA 02210
President Yes Yes 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 2024-04-01 1,565 $0.00 2,832,334 No 4 M Direct
Class A Common Stock Acquisiton 2024-04-01 5,697 $0.00 2,838,031 No 4 M Direct
Class A Common Stock Disposition 2024-04-02 2,272 $23.40 2,835,759 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
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 2024-04-01 1,565 $0.00 1,565 $0.00
Class A Common Stock Restricted Stock Units Disposition 2024-04-01 5,697 $0.00 5,697 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,250 No 4 M Direct
68,370 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 37,500 Indirect By the Fredette Family Nominee Trust
Class A Common Stock 2,303,442 Indirect By the SHFA 2021 Nominee Trust
Class A Common Stock 419,991 Indirect By the SHFA Family Trust
Footnotes
  1. The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
  2. 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.
  3. The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.
  4. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.