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Toast, Inc. — Director's Dealing 2022
Mar 7, 2022
30205_dirs_2022-03-07_de4797f0-c638-4513-9184-467a4ea88b40.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2022-03-03
Reporting Person: Fredette Stephen (Director, Co-President, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-03 | Class A Common Stock | C | 1336616 | — | Acquired | 4279485 | Direct |
| 2022-03-03 | Class A Common Stock | C | 227448 | — | Acquired | 419991 | Indirect |
| 2022-03-03 | Class A Common Stock | C | 1314577 | — | Acquired | 2326729 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-03 | Class B Common Stock | $ | C | 1336616 | Disposed | Class A Common Stock (1336616) | Direct | |
| 2022-03-03 | Class B Common Stock | $ | C | 227448 | Disposed | Class A Common Stock (227448) | Indirect | |
| 2022-03-03 | Class B Common Stock | $ | C | 1314577 | Disposed | Class A Common Stock (1314577) | Indirect | |
| 2022-03-03 | Restricted Stock Units | $ | J | 25000 | Disposed | Class B Common Stock (25000) | Direct | |
| 2022-03-03 | Restricted Stock Units | $ | J | 25000 | Acquired | Class A Common Stock (25000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 37500 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (712500) | 712500 | Indirect |
Footnotes
F1: Reflects the voluntary conversion of Class B Common Stock into Class A 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.
F3: In connection with the voluntary conversion described in footnote 1, the outstanding Restricted Stock Units ("RSUs") convertible into Class B Common Stock remain unchanged, except that the RSUs are now convertible into Class A Common Stock upon vesting and settlement.
F4: The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.