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Filing Details

Accession Number:: 0001650164-25-000089
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-03-11 16:48:43
Reporting Period:: 2025-03-07

Filing Date:: 2025-03-11
Accepted Time:: 2025-03-11 16:48:43
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
1869038	Stephen Fredette	Toast, Inc. 333 Summer Street Boston MA 02210	President	Yes	Yes	No	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	Disposition	2025-03-07	13,062	$32.58	1,631,594	No	4	S	Direct
Class A Common Stock	Disposition	2025-03-07	31,273	$33.78	1,600,321	No	4	S	Direct
Class A Common Stock	Disposition	2025-03-07	26,005	$34.63	1,574,316	No	4	S	Direct
Class A Common Stock	Disposition	2025-03-07	35,170	$0.00	1,539,146	No	4	G	Direct
Class A Common Stock	Disposition	2025-03-07	14,845	$32.60	2,288,597	No	4	S	Indirect	By the SHFA 2021 Nominee Trust
Class A Common Stock	Disposition	2025-03-07	35,255	$33.78	2,253,342	No	4	S	Indirect	By the SHFA 2021 Nominee Trust
Class A Common Stock	Disposition	2025-03-07	29,033	$34.63	2,224,309	No	4	S	Indirect	By the SHFA 2021 Nominee Trust
Class A Common Stock	Disposition	2025-03-07	5,056	$32.61	414,935	No	4	S	Indirect	By the SHFA Family Trust
Class A Common Stock	Disposition	2025-03-07	12,166	$33.80	402,769	No	4	S	Indirect	By the SHFA Family Trust
Class A Common Stock	Disposition	2025-03-07	9,156	$34.64	393,613	No	4	S	Indirect	By the SHFA Family Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	G	Direct
No	4	S	Indirect	By the SHFA 2021 Nominee Trust
No	4	S	Indirect	By the SHFA 2021 Nominee Trust
No	4	S	Indirect	By the SHFA 2021 Nominee Trust
No	4	S	Indirect	By the SHFA Family Trust
No	4	S	Indirect	By the SHFA Family Trust
No	4	S	Indirect	By the SHFA Family Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option (Right to Buy)	Acquisiton	2025-03-10	113,511	$0.00	113,511	$33.49
Class A Common Stock	Restricted Stock Units	Acquisiton	2025-03-10	61,735	$0.00	61,735	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
113,511		2035-03-10	No	4	A	Direct
61,735			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	66,896	Indirect	By the Fredette Family Nominee Trust

Footnotes

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 4, 2024.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.20 to $33.19, 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 this price range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.20 to $34.19, 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 this price range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.20 to $34.93, 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 this price range set forth in this footnote.
On March 7, 2025, the Reporting Person made a bona fide gift of 35,170 shares of the Issuer's Class A Common Stock with no payment in consideration.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.20 to $34.91, 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 this price range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.22 to $33.20, 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 this price range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.23 to $34.22, 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 this price range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.23 to $34.93, 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 this price range set forth in this footnote.
The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2025.
Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.