Stephen Fredette - Apr 4, 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Co-President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Stephen Fredette
Stock symbol
TOST
Transactions as of
Apr 4, 2023
Transactions value $
-$26,523
Form type
4
Date filed
4/5/2023, 04:50 PM
Previous filing
Apr 4, 2023
Next filing
Apr 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Sale -$9.64K -548 -0.02% $17.59 3.43M Apr 4, 2023 Direct F1
transaction TOST Class A Common Stock Sale -$16.9K -937 -0.03% $18.02 3.43M Apr 4, 2023 Direct F2, F3
holding TOST Class A Common Stock 37.5K Apr 4, 2023 By the Fredette Family Nominee Trust
holding TOST Class A Common Stock 2.3M Apr 4, 2023 By the SHFA 2021 Nominee Trust
holding TOST Class A Common Stock 420K Apr 4, 2023 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 Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 15, 2022.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.04, 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 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.