Quick Takeaways
- This page summarizes PATRICK DEVAL L's Form 4 filing for Toast, Inc. (TOST).
- 3 reported transactions and 2 derivative rows are listed below.
- Filing timestamp: 27 Sep 2021, 21:27.
PATRICK DEVAL L - 24 Sep 2021 Form 4 Insider Report for Toast, Inc. (TOST)
- Role
- Director
- Signature
- /s/ Brian R. Elworthy, as Attorney-in-Fact
- Issuer symbol
- TOST
- Transactions as of
- 24 Sep 2021
- Net transactions value
- +$66,680
- Form type
- 4
- Filing time
- 27 Sep 2021, 21:27:52 UTC
- Previous filing
- 21 Sep 2021
- Next filing
- 29 Oct 2021
- SEC
- View on sec.gov
Quoteable Key Fact
"PATRICK DEVAL L filed Form 4 for Toast, Inc. (TOST) on 27 Sep 2021."
What Changed
- Previous filing in this sequence was filed on 21 Sep 2021.
- Current net transaction value: +$66,680.
Why This Matters
- 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.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TOST | Class A Common Stock | Purchase | $66,680 | +1,667 | $40.00 | 1,667 | 24 Sep 2021 | Direct |
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TOST | Restricted Stock Units | Other | $0 | -22,930 | -100% | $0.000000* | 0 | 24 Sep 2021 | Common Stock | 22,930 | Direct | F1, F3, F4 | |
| transaction | TOST | Restricted Stock Units | Other | $0 | +22,930 | $0.000000 | 22,930 | 24 Sep 2021 | Class B Common Stock | 22,930 | Direct | F1, F2, F3, F4 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| 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. |
| 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. |
| F3 | Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement. |
| F4 | The RSUs shall vest shall vest in three equal annual installments over three years following February 22, 2021. |