AI assistant
Toast, Inc. — Director's Dealing 2024
Jul 3, 2024
30205_dirs_2024-07-03_7a865bd8-7a1f-4848-a616-88d4268b4e37.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2024-07-01
Reporting Person: Gomez Elena (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-07-01 | Class A Common Stock | M | 23435 | — | Acquired | 200415 | Direct |
| 2024-07-01 | Class A Common Stock | M | 6330 | — | Acquired | 206745 | Direct |
| 2024-07-01 | Class A Common Stock | M | 6316 | — | Acquired | 213061 | Direct |
| 2024-07-01 | Class A Common Stock | S | 12500 | $25.429 | Disposed | 200561 | Direct |
| 2024-07-02 | Class A Common Stock | S | 18380 | $25.642 | Disposed | 182181 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-07-01 | Restricted Stock Units | $ | M | 23435 | Disposed | Class A Common Stock (23435) | Direct | |
| 2024-07-01 | Restricted Stock Units | $ | M | 6330 | Disposed | Class A Common Stock (6330) | Direct | |
| 2024-07-01 | Restricted Stock Units | $ | M | 6316 | Disposed | Class A Common Stock (6316) | Direct |
Footnotes
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 $25.24 to $25.70, 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: 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.
F5: The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.
F6: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.
F7: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.