Form 4 for TOST Toast, Inc.
Accepted 2021-09-27 00:00:00 ET · period of report 2021-09-24 · accession 0000899243-21-037916 · 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 | Narang Aman | See Remarks, Dir | J - Other | — | -23.77M | 0 | -100% | — |
| DMI | 2021-09-27 | 2021-09-24 | TOST | Narang Aman | See Remarks, Dir | J - Other | — | -442.7K | 0 | -100% | — |
| DM | 2021-09-27 | 2021-09-24 | TOST | Narang Aman | See Remarks, Dir | J - Other | $0.00 | +23.77M | 75.0K | New | $0 |
| DMI | 2021-09-27 | 2021-09-24 | TOST | Narang Aman | See Remarks, Dir | J - Other | $0.00 | +442.7K | 17.7K | 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 | 23,772,840 | — | 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 Narang Family Irrevocable Trust FBO Fitzgerald Family. |
| 2 | 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. (F4) Shares held by the Narang Family Irrevocable Trust FBO Varun Narang. |
| 3 | Common | Common Stock | 2021-09-24 | J | D | 93,675 | — | 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 Narang Family Irrevocable Trust FBO Lia Narang. |
| 4 | Common | Common Stock | 2021-09-24 | J | D | 65,665 | — | 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 Narang Family Irrevocable Trust FBO Noah Narang. |
| 5 | Common | Common Stock | 2021-09-24 | J | D | 65,665 | — | 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. (F7) Shares held by the Narang Family Irrevocable Trust FBO Vijay and Madhu Narang. |
| 6 | Common | Common Stock | 2021-09-24 | J | D | 17,735 | — | 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. |
| 7 | Derivative | Restricted Stock Units | 2021-09-24 | J | A | 25,000 | $0.00 | 25,000 | D | — · — to 2028-03-22 | 25,000 Class B Common Stock | (F11) The Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement. (F12) The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |
| 8 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 23,772,840 | $0.00 | 23,772,840 | D See footnote | — · — to — | 23,772,840 Class A Common Stock | (F3) Shares held by the Narang Family Irrevocable Trust FBO Fitzgerald Family. (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 | (F4) Shares held by the Narang Family Irrevocable Trust FBO Varun Narang. (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 | 93,675 | $0.00 | 93,675 | I See footnote | — · — to — | 93,675 Class A Common Stock | (F5) Shares held by the Narang Family Irrevocable Trust FBO Lia Narang. (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 | Class B Common Stock | 2021-09-24 | J | A | 65,665 | $0.00 | 65,665 | I See footnote | — · — to — | 65,665 Class A Common Stock | (F6) Shares held by the Narang Family Irrevocable Trust FBO Noah Narang. (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. |
| 12 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 65,665 | $0.00 | 65,665 | I See footnote | — · — to — | 65,665 Class A Common Stock | (F7) Shares held by the Narang Family Irrevocable Trust FBO Vijay and Madhu Narang. (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. |
| 13 | Derivative | Restricted Stock Units | 2021-09-24 | J | D | 25,000 | $0.00 | 0 | D | — · — to 2028-03-22 | 25,000 Common Stock | (F11) The Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement. (F12) The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |
| 14 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | D | 1,662,500 | $0.00 | 0 | D | $1.52 · — to 2029-02-08 | 1,662,500 Common Stock | (F8) The option was originally granted for 3,325,000 shares, of which 1,662,500 shares were early exercised. The shares subject to this option vest as follows: 207,810 shares vest on October 1, 2021, 207,815 shares vest on January 1, 2022, 207,810 shares vest on April 1, 2022, 207,815 shares vest on July 1, 2022, 207,810 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. |
| 15 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | A | 1,662,500 | $0.00 | 1,662,500 | D | $1.52 · — to 2029-02-08 | 1,662,500 Class B Common Stock | (F8) The option was originally granted for 3,325,000 shares, of which 1,662,500 shares were early exercised. The shares subject to this option vest as follows: 207,810 shares vest on October 1, 2021, 207,815 shares vest on January 1, 2022, 207,810 shares vest on April 1, 2022, 207,815 shares vest on July 1, 2022, 207,810 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. |
| 16 | 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 | (F9) The shares subject to this option are fully vested and exercisable as of the date hereof. |
| 17 | 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 | (F9) The shares subject to this option are fully vested and exercisable as of the date hereof. |
| 18 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | D | 75,000 | $0.00 | 0 | D | $15.27 · — to 2031-03-22 | 75,000 Common Stock | (F10) The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021. |
| 19 | Derivative | Stock Option (Right to Buy) | 2021-09-24 | J | A | 75,000 | $0.00 | 75,000 | D | $15.27 · — to 2031-03-22 | 75,000 Class B Common Stock | (F10) The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021. |
| 20 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 17,735 | $0.00 | 17,735 | I | — · — to — | 17,735 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. |