| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TOST | Class A Common Stock | Options Exercise | $137K | +90K | +80.16% | $1.52* | 202K | Jul 17, 2024 | Direct | F1 |
| transaction | TOST | Class A Common Stock | Sale | -$2.28M | -85.9K | -42.47% | $26.52 | 116K | Jul 17, 2024 | Direct | F1, F2 |
| transaction | TOST | Class A Common Stock | Sale | -$111K | -4.1K | -3.52% | $27.09 | 112K | Jul 17, 2024 | Direct | F1, F3 |
| 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 | -90K | -12.68% | $0.00 | 620K | Jul 17, 2024 | Class A Common Stock | 90K | $1.52 | Direct | F1, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 1, 2024. |
| F2 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.06 to $27.05, 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 $27.06 to $27.17, 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 are fully vested and exercisable as of the date hereof. |
As of the date of this Form 4, the Reporting Person also owns an aggregate of 9,008,280 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.