Form 4 for TOST Toast, Inc.
Accepted 2021-09-27 00:00:00 ET · period of report 2021-09-24 · accession 0000899243-21-037914 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-27 | 2021-09-24 | TOST | Comparato Christopher P | CEO, Dir | J - Other | — | -2.66M | 0 | -100% | — |
| DMI | 2021-09-27 | 2021-09-24 | TOST | Comparato Christopher P | CEO, Dir | J - Other | — | -8.34M | 0 | -100% | — |
| DM | 2021-09-27 | 2021-09-24 | TOST | Comparato Christopher P | CEO, Dir | J - Other | $0.00 | +2.66M | 665.2K | New | $0 |
| DMI | 2021-09-27 | 2021-09-24 | TOST | Comparato Christopher P | CEO, Dir | J - Other | $0.00 | +8.34M | 200.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-09-24 | J | D | 2,659,840 | — | 0 | D See footnote | — | — | (F1) Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. (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) Shares held by the Comparato Family Holdings Trust dated July 27, 2018. |
| 2 | Common | Common Stock | 2021-09-24 | J | D | 7,742,420 | — | 0 | I See footnote | — | — | (F1) Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. (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. (F4) Shares held by the CEC Irrevocable Trust. |
| 3 | Common | Common Stock | 2021-09-24 | J | D | 200,000 | — | 0 | I | — | — | (F1) Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. (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. |
| 4 | Common | Common Stock | 2021-09-24 | J | D | 200,000 | — | 0 | I See footnote | — | — | (F1) Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. (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. (F6) Shares held by the SCC Irrevocable Trust. |
| 5 | Common | Common Stock | 2021-09-24 | J | D | 200,000 | — | 0 | I See footnote | — | — | (F1) Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. (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. (F5) Shares held by the EAC Irrevocable Trust. |
| 6 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 2,659,840 | $0.00 | 2,659,840 | D See footnote | — · — to — | 2,659,840 Class A Common Stock | (F3) Shares held by the Comparato Family Holdings Trust dated July 27, 2018. (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. |
| 7 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 7,742,420 | $0.00 | 7,742,420 | I See footnote | — · — to — | 7,742,420 Class A Common Stock | (F4) Shares held by the CEC Irrevocable Trust. (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. |
| 8 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 200,000 | $0.00 | 200,000 | I See footnote | — · — to — | 200,000 Class A Common Stock | (F5) Shares held by the EAC Irrevocable Trust. (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. |
| 9 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 200,000 | $0.00 | 200,000 | I See footnote | — · — to — | 200,000 Class A Common Stock | (F6) Shares held by the SCC Irrevocable Trust. (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. |
| 10 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 200,000 | $0.00 | 200,000 | I | — · — to — | 200,000 Class A Common Stock | (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. |
| 11 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | D | 665,160 | $0.00 | 0 | D | $1.52 · — to 2029-02-08 | 665,160 Common Stock | (F7) The option was originally granted for 3,325,000 shares, of which 2,659,840 shares were early exercised. The shares subject to this option vests as follows: 41,720 shares vest on October 1, 2022, 207,815 shares vest on January 1, 2023, 207,810 shares vest on April 1, 2023, and 207,815 shares vest on July 1, 2023. |
| 12 | Derivative | Restricted Stock Units | 2021-09-24 | J | A | 50,000 | $0.00 | 50,000 | D | — · — to 2028-03-22 | 50,000 Class B Common Stock | (F10) The Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement. (F11) The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |
| 13 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | D | 1,425,000 | $0.00 | 0 | D | $1.52 · — to 2029-02-08 | 1,425,000 Common Stock | (F8) The shares subject to this option are fully vested and exercisable as of the date hereof. |
| 14 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | A | 1,425,000 | $0.00 | 1,425,000 | D | $1.52 · — to 2029-02-08 | 1,425,000 Class B Common Stock | (F8) The shares subject to this option are fully vested and exercisable as of the date hereof. |
| 15 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | D | 150,000 | $0.00 | 0 | D | $15.27 · — to 2031-03-22 | 150,000 Common Stock | (F9) The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021. |
| 16 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | A | 150,000 | $0.00 | 150,000 | D | $15.27 · — to 2031-03-22 | 150,000 Class B Common Stock | (F9) The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021. |
| 17 | Derivative | Restricted Stock Units | 2021-09-24 | J | D | 50,000 | $0.00 | 0 | D | — · — to 2028-03-22 | 50,000 Common Stock | (F10) The Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement. (F11) The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |
| 18 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | A | 665,160 | $0.00 | 665,160 | D | $1.52 · — to 2029-02-08 | 665,160 Class B Common Stock | (F7) The option was originally granted for 3,325,000 shares, of which 2,659,840 shares were early exercised. The shares subject to this option vests as follows: 41,720 shares vest on October 1, 2022, 207,815 shares vest on January 1, 2023, 207,810 shares vest on April 1, 2023, and 207,815 shares vest on July 1, 2023. |