Christopher P. Comparato - 20 Mar 2023 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
20 Mar 2023
Net transactions value
-$2,709,427
Form type
4
Filing time
22 Mar 2023, 16:06:18 UTC
Previous filing
14 Mar 2023
Next filing
04 Apr 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 $556,528 -33,333 -23% $16.70 109,895 20 Mar 2023 Direct F1, F2
transaction TOST Class A Common Stock Sale $2,152,899 -128,947 -33% $16.70 257,894 20 Mar 2023 By the Comparato Family Holdings Trust dated July 27, 2018 F1, F3
* 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 $16.47 to $17.07, 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 $16.45 to $17.07, 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 9,383,280 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.