Stephen Fredette - Oct 10, 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: Oct 10, 2024
Transactions value $: -$1,588,187
Form type: 4
Date filed: 10/15/2024, 05:02 PM
Previous filing: Oct 10, 2024
Next filing: Oct 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOST	Class A Common Stock	Sale	-$1.59M	-54.6K	-3.04%	$29.11	1.74M	Oct 10, 2024	Direct	F1, F2
holding	TOST	Class A Common Stock						178K	Oct 10, 2024	By the Fredette Family Nominee Trust
holding	TOST	Class A Common Stock						2.3M	Oct 10, 2024	By the SHFA 2021 Nominee Trust
holding	TOST	Class A Common Stock						420K	Oct 10, 2024	By the SHFA Family Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id	Content
F1	This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 11, 2024.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.00 to $29.49, 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.

Content

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 11, 2024.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.00 to $29.49, 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 25,722,670 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.