Christopher P. Comparato - 19 Dec 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 Dec 2022
Net transactions value
-$2,712,854
Form type
4
Filing time
21 Dec 2022, 17:12:45 UTC
Previous filing
23 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 $598,261 -33,333 -14% $17.95 196,600 19 Dec 2022 Direct F1, F2
transaction TOST Class A Common Stock Sale $2,314,599 -128,947 -17% $17.95 644,735 19 Dec 2022 By the Comparato Family Holdings Trust dated July 27, 2018 F1, F3
transaction TOST Class A Common Stock Options Exercise $99,987 +5,753 +2.9% $17.38 202,353 20 Dec 2022 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 Stock Option (Right to Buy) Options Exercise $0 -6,550 -4.4% $0.000000 143,450 20 Dec 2022 Class B Common Stock 6,550 $15.27 Direct F4
transaction TOST Class B Common Stock Options Exercise $100,018 +6,550 +0.28% $15.27 2,366,390 20 Dec 2022 Class A Common Stock 6,550 Direct F5
transaction TOST Stock Option (Right to Buy) Options Exercise $0 -5,753 -0.85% $0.000000 675,043 20 Dec 2022 Class A Common Stock 5,753 $17.38 Direct F6
holding TOST Class B Common Stock 6,416,890 19 Dec 2022 Class A Common Stock 6,416,890 By the Comparato Family Holdings Trust dated July 27, 2018 F5
holding TOST Class B Common Stock 200,000 19 Dec 2022 Class A Common Stock 200,000 EAC Irrevocable Trust F5
holding TOST Class B Common Stock 200,000 19 Dec 2022 Class A Common Stock 200,000 CEC Irrevocable Trust F5
holding TOST Class B Common Stock 200,000 19 Dec 2022 Class A Common Stock 200,000 SCC Irrevocable Trust F5
* 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 August 17, 2022.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.68 to $18.55, 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.70 to $18.60, 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.
F4 The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021.
F5 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.
F6 The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following February 1, 2022.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 9,383,280 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.