Jonathan Grimm - 01 May 2022 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
03 May 2022, 19:13:48 UTC
Prior SEC filing
05 Apr 2022
Next SEC filing
05 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Monica Kleinman, as Attorney-in-Fact

Key filing fact

Jonathan Grimm filed Form 4 for Toast, Inc. (TOST) on 03 May 2022.

Key facts

  • This page summarizes Jonathan Grimm's Form 4 filing for Toast, Inc. (TOST).
  • 3 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 03 May 2022, 19:13.

Change

  • Previous filing in this sequence was filed on 05 Apr 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

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

Options Exercise

Transaction value
Shares
+3,521
Change %
+81%
Price
Shares after
7,853
Date
01 May 2022
Ownership
Direct
Footnotes
F1
TOST holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,084,674
Date
01 May 2022
Ownership
By The Jonathan M. Grimm Trust

Reported derivative securities

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

TOST transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-3,521
Change %
-6.2%
Price
$0.000000
Shares after
52,815
Date
01 May 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,521
Exercise price
Footnotes
F1, F2
TOST transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
-36,452
Change %
-2%
Price
$0.000000
Shares after
1,745,215
Date
13 Apr 2022
Ownership
By The Jonathan M. Grimm 2020 Grantor Retained Annuity Trust
Underlying class
Class A Common Stock
Underlying amount
36,452
Exercise price
Footnotes
F3, F4
TOST holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
20,431,400
Date
01 May 2022
Ownership
By The Jonathan M. Grimm Trust
Underlying class
Class A Common Stock
Underlying amount
20,431,400
Exercise price
Footnotes
F3, F4
TOST holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
510,000
Date
01 May 2022
Ownership
By The Grimm Children GST-Exempt Irrevocable Trust FBO Grayson Grimm
Underlying class
Class A Common Stock
Underlying amount
510,000
Exercise price
Footnotes
F3
TOST holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
510,000
Date
01 May 2022
Ownership
By The Grimm Children GST-Exempt Irrevocable Trust FBO Lily Grimm
Underlying class
Class A Common Stock
Underlying amount
510,000
Exercise price
Footnotes
F3
* 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

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

Footnote F2

The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.

Footnote F3

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 F4

Reflects 36,452 shares of Class B Common Stock transferred from The Jonathan M. Grimm 2020 Grantor Retained Annuity Trust to The Jonathan M. Grimm Trust in connection with an annual GRAT distribution.

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