Stephen Fredette - 15 Dec 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Co-President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Stephen Fredette
Issuer symbol
TOST
Transactions as of
15 Dec 2022
Net transactions value
-$7,617,207
Form type
4
Filing time
19 Dec 2022, 16:26:16 UTC
Previous filing
03 Nov 2022
Next filing
04 Jan 2023
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 Sale $7,617,207 -404,654 -9.4% $18.82 3,912,132 15 Dec 2022 Direct F1, F2
transaction TOST Class A Common Stock Gift $0 -121,396 -3.1% $0.000000 3,790,736 15 Dec 2022 Direct F3
holding TOST Class A Common Stock 37,500 15 Dec 2022 By the Fredette Family Nominee Trust
holding TOST Class A Common Stock 2,303,442 15 Dec 2022 By the SHFA 2021 Nominee Trust
holding TOST Class A Common Stock 419,991 15 Dec 2022 By the SHFA Family Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 15, 2022.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.54 to $19.33, 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.
F3 On December 15, 2022, the Reporting Person made a bona fide gift of 121,396 shares of the Issuer's Class A Common Stock with no payment in consideration.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 25,972,670 shares of the Class B common stock of the Issuer. Each share of Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.