Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | TOST | Restricted Stock Units | Options Exercise | $0 | -23.4K | -33.34% | $0.00 | 46.9K | Oct 1, 2024 | Class A Common Stock | 23.4K | Direct | F1, F6 | |
transaction | TOST | Restricted Stock Units | Options Exercise | $0 | -6.33K | -9.09% | $0.00 | 63.3K | Oct 1, 2024 | Class A Common Stock | 6.33K | Direct | F1, F7 | |
transaction | TOST | Restricted Stock Units | Options Exercise | $0 | -6.32K | -6.67% | $0.00 | 88.4K | Oct 1, 2024 | Class A Common Stock | 6.32K | Direct | F1, F8 |
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 | The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. |
F2 | This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2023. |
F3 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.81 to $28.80, 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.81 to $28.86, 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. |
F5 | 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. |
F6 | The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |
F7 | The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023. |
F8 | The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024. |