Technology Crossover Management X, Ltd. - 24 Sep 2021 Form 4 Insider Report for Toast, Inc. (TOST)

Reporting relationship: May be part of a 13(d) group, 10%+ Owner
Issuer ticker: TOST
Reported as of: 24 Sep 2021
Net transaction value: +$25,000,000
SEC form: 4
Accepted by SEC: 29 Oct 2021, 21:03:35 UTC
Prior SEC filing: 29 Oct 2021
Next SEC filing: 29 Oct 2021
Source filing: View source filing
Reporting owner signature: /s/ Frederic D. Fenton, Authorized Signatory for Technology Crossover Management X, Ltd.

Key filing fact

Technology Crossover Management X, Ltd. filed Form 4 for Toast, Inc. (TOST) on 29 Oct 2021.

Key facts

This page summarizes Technology Crossover Management X, Ltd.'s Form 4 filing for Toast, Inc. (TOST).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 29 Oct 2021, 21:03.

Change

Previous filing in this sequence was filed on 29 Oct 2021.
Current net transaction value: +$25,000,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TOST transaction

Class A Common Stock

Purchase

Transaction value: $25,000,000
Shares: +625,000
Change %
Price: $40.00
Shares after: 625,000
Date: 24 Sep 2021
Ownership: See footnotes
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Includes 462,137 shares of Class A common stock held directly by TCV X, L.P., 114,602 shares of Class A common stock held directly by TCV X (A), L.P., 22,531 shares of Class A common stock held directly by TCV X (B), L.P. and 25,730 shares of Class A common stock held directly by TCV X Member Fund, L.P.

Footnote F2

Technology Crossover Management X, Ltd. ("Management X") is the sole general partner of Technology Crossover Management X, L.P. ("TCM"), which in turn is the sole general partner of TCV X, L.P., TCV X (A), L.P. and TCV X (B), L.P. Management X is also the general partner of TCV X Member Fund, L.P.

Footnote F3

Each of the entities described above are referred to herein as "Reporting Persons." Each Reporting Person disclaims Section 16 beneficial ownership of the shares reported herein except to the extent of its respective pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose.

SEC remarks

Exhibit 99.1 (Signatures and Joint Filer Information), incorporated herein by reference.