Christopher P. Comparato - 19 Sep 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Chief Executive Officer, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Christopher P. Comparato
Issuer symbol
TOST
Transactions as of
19 Sep 2022
Transactions value $
-$3,075,396
Form type
4
Filing time
21 Sep 2022, 17:58:18 UTC
Previous filing
19 Aug 2022
Next filing
04 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Gift $0 -120K -9.05% $0.00 1.21M 31 Aug 2022 By the Comparato Family Holdings Trust dated July 27, 2018 F1
transaction TOST Class A Common Stock Gift $0 -45K -3.73% $0.00 1.16M 15 Sep 2022 By the Comparato Family Holdings Trust dated July 27, 2018 F2
transaction TOST Class A Common Stock Sale -$2.44M -129K -11.11% $18.95 1.03M 19 Sep 2022 By the Comparato Family Holdings Trust dated July 27, 2018 F3, F4
transaction TOST Class A Common Stock Sale -$632K -33.3K -10.34% $18.95 289K 19 Sep 2022 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 31, 2022, the Reporting Person made a bona fide gift of 120,000 shares of the Issuer's Class A Common Stock with no payment in consideration.
F2 On September 15, 2022, the Reporting Person made a bona fide gift of 45,000 shares of the Issuer's Class A Common Stock with no payment in consideration.
F3 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 17, 2022.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.72 to $19.12, 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.71 to $19.11, 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.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 9,376,730 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.