PATRICK DEVAL L - 24 Sep 2021 Form 4 Insider Report for Toast, Inc. (TOST)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Sep 2021, 21:27:52 UTC
Prior SEC filing
21 Sep 2021
Next SEC filing
29 Oct 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brian R. Elworthy, as Attorney-in-Fact

Key filing fact

PATRICK DEVAL L filed Form 4 for Toast, Inc. (TOST) on 27 Sep 2021.

Key facts

  • This page summarizes PATRICK DEVAL L's Form 4 filing for Toast, Inc. (TOST).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 27 Sep 2021, 21:27.

Change

  • Previous filing in this sequence was filed on 21 Sep 2021.
  • Current net transaction value: +$66,680.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TOST transaction

Class A Common Stock

Purchase

Transaction value
$66,680
Shares
+1,667
Change %
Price
$40.00
Shares after
1,667
Date
24 Sep 2021
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TOST transaction Derivative

Restricted Stock Units

Other

Transaction value
$0
Shares
-22,930
Change %
-100%
Price
$0.000000*
Shares after
0
Date
24 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
22,930
Exercise price
Footnotes
F1, F3, F4
TOST transaction Derivative

Restricted Stock Units

Other

Transaction value
$0
Shares
+22,930
Change %
Price
$0.000000
Shares after
22,930
Date
24 Sep 2021
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
22,930
Exercise price
Footnotes
F1, F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

Footnote F2

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.

Footnote F3

Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement.

Footnote F4

The RSUs shall vest shall vest in three equal annual installments over three years following February 22, 2021.

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