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Filing Details

Accession Number:: 0000950170-24-106962
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-09-16 20:25:23
Reporting Period:: 2024-09-12

Accepted Time:: 2024-09-16 20:25:23
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. 333 Summer Street Boston MA 02210		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Price	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2024-09-12	$0.00	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2024-09-12	$0.00	No	4	S	Indirect	See footnotes
Class A Common Stock	Disposition	2024-09-13	$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	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	2024-09-12	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	518,591	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 159,192 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), 127,537 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 52,298 shares converted from Class B Common Stock to Class A common Stock by Bessemer Venture Partners Century Fund L.P. ("Bessemer Century") and 330,005 shares converted from 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 September 12, 2024, Bessemer IX, Bessemer Institutional, Bessemer Century, and Bessemer Century Institutional sold 9,385, 7,519, 3,082, and 19,455 shares of Class A Common Stock of Toast, Inc, respectively, at a weighted average price of $26.08. These shares were sold in multiple transactions at prices ranging from $26.06 to $26.11. 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 September 13, 2024, Bessemer IX, Bessemer Institutional, Bessemer Century, and Bessemer Century Institutional sold 149,807, 120,018, 49,216, and 310,550 shares of Class A Common Stock of Toast, Inc, respectively, at a weighted average price of $26.22. These shares were sold in multiple transactions at prices ranging from $26.00 to $26.52. 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 9,712 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.
As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 6,208,629 shares of Class B Common Stock, 5,030,759 shares of Class B Common Stock, 331,106 shares of Class B Common Stock, and 2,089,272 shares of Class B Common Stock, respectively.