Stephen Fredette - 04 Jun 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Stephen Fredette
Issuer symbol
TOST
Transactions as of
04 Jun 2024
Net transactions value
$0
Form type
4
Filing time
06 Jun 2024, 16:23:27 UTC
Previous filing
03 May 2024
Next filing
12 Jun 2024
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 Conversion of derivative security $0 +250,000 +667% $0.000000 287,500 04 Jun 2024 By the Fredette Family Nominee Trust F1, F2
holding TOST Class A Common Stock 2,838,216 04 Jun 2024 Direct
holding TOST Class A Common Stock 2,303,442 04 Jun 2024 By the SHFA 2021 Nominee Trust
holding TOST Class A Common Stock 419,991 04 Jun 2024 By the SHFA Family Trust

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 Class B Common Stock Conversion of derivative security $0 -250,000 -35% $0.000000 462,500 04 Jun 2024 Class A Common Stock 250,000 By the Fredette Family Nominee Trust F1, F2
holding TOST Class B Common Stock 4,506,606 04 Jun 2024 Class A Common Stock 4,506,606 By the SHFA 2021 Nominee Trust F2
holding TOST Class B Common Stock 1,580,009 04 Jun 2024 Class A Common Stock 1,580,009 By the SHFA Family Trust F2
holding TOST Class B Common Stock 19,173,555 04 Jun 2024 Class A Common Stock 19,173,555 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock on a one-for-one basis.
F2 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.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 25,722,670 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.