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

Role
President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Stephen Fredette
Stock symbol
TOST
Transactions as of
Jun 4, 2024
Transactions value $
$0
Form type
4
Date filed
6/6/2024, 04:23 PM
Previous filing
May 3, 2024
Next filing
Jun 12, 2024

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 +250K +666.67% $0.00 288K Jun 4, 2024 By the Fredette Family Nominee Trust F1, F2
holding TOST Class A Common Stock 2.84M Jun 4, 2024 Direct
holding TOST Class A Common Stock 2.3M Jun 4, 2024 By the SHFA 2021 Nominee Trust
holding TOST Class A Common Stock 420K Jun 4, 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 -250K -35.09% $0.00 463K Jun 4, 2024 Class A Common Stock 250K By the Fredette Family Nominee Trust F1, F2
holding TOST Class B Common Stock 4.51M Jun 4, 2024 Class A Common Stock 4.51M By the SHFA 2021 Nominee Trust F2
holding TOST Class B Common Stock 1.58M Jun 4, 2024 Class A Common Stock 1.58M By the SHFA Family Trust F2
holding TOST Class B Common Stock 19.2M Jun 4, 2024 Class A Common Stock 19.2M 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.