Key facts
- This page summarizes Stephen Fredette's Form 4 filing for Toast, Inc. (TOST).
- 8 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 07 Mar 2022, 15:34.
Stephen Fredette - 03 Mar 2022 Form 4 Insider Report for Toast, Inc. (TOST)
- Reporting relationship
- Co-President, Director, 10%+ Owner
- Issuer ticker
- TOST
- Reported as of
- 03 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Mar 2022, 15:34:16 UTC
- Prior SEC filing
- 14 Feb 2022
- Next SEC filing
- 17 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Monica Kleinman, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Stephen Fredette filed Form 4 for Toast, Inc. (TOST) on 07 Mar 2022.
Change
- Previous filing in this sequence was filed on 14 Feb 2022.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TOST
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +1,336,616
- Change %
- +45%
- Price
- Shares after
- 4,279,485
- Date
- 03 Mar 2022
- Ownership
- Direct
- Footnotes
- F1, F2
TOST
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +227,448
- Change %
- +118%
- Price
- Shares after
- 419,991
- Date
- 03 Mar 2022
- Ownership
- By the SHFA Family Trust
- Footnotes
- F1, F2
TOST
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +1,314,577
- Change %
- +130%
- Price
- Shares after
- 2,326,729
- Date
- 03 Mar 2022
- Ownership
- By the SHFA 2021 Nominee Trust
- Footnotes
- F1, F2
TOST
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 37,500
- Date
- 03 Mar 2022
- Ownership
- By the Fredette Family Nominee Trust
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TOST
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,336,616
- Change %
- -6.5%
- Price
- $0.000000
- Shares after
- 19,173,555
- Date
- 03 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,336,616
- Exercise price
- Footnotes
- F1, F2
TOST
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -227,448
- Change %
- -13%
- Price
- $0.000000
- Shares after
- 1,580,009
- Date
- 03 Mar 2022
- Ownership
- By the SHFA Family Trust
- Underlying class
- Class A Common Stock
- Underlying amount
- 227,448
- Exercise price
- Footnotes
- F1, F2
TOST
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,314,577
- Change %
- -23%
- Price
- $0.000000
- Shares after
- 4,506,606
- Date
- 03 Mar 2022
- Ownership
- By the SHFA 2021 Nominee Trust
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,314,577
- Exercise price
- Footnotes
- F1, F2
TOST
transaction
Derivative
Restricted Stock Units
Other
- Transaction value
- $0
- Shares
- -25,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 03 Mar 2022
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 25,000
- Exercise price
- Footnotes
- F1, F3, F4
TOST
transaction
Derivative
Restricted Stock Units
Other
- Transaction value
- $0
- Shares
- +25,000
- Change %
- Price
- $0.000000
- Shares after
- 25,000
- Date
- 03 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 25,000
- Exercise price
- Footnotes
- F1, F3, F4
TOST
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 712,500
- Date
- 03 Mar 2022
- Ownership
- By the Fredette Family Nominee Trust
- Underlying class
- Class A Common Stock
- Underlying amount
- 712,500
- Exercise price
- Footnotes
- F2
* 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
Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock on a one-for-one basis.
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
In connection with the voluntary conversion described in footnote 1, the outstanding Restricted Stock Units ("RSUs") convertible into Class B Common Stock remain unchanged, except that the RSUs are now convertible into Class A Common Stock upon vesting and settlement.
Footnote F4
The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.