Form 4 for TOST Toast, Inc.
Accepted 2021-09-27 00:00:00 ET · period of report 2021-09-24 · accession 0000899243-21-037918 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-09-27 | 2021-09-24 | TOST | Fredette Stephen | Co-Pres, Dir | J - Other | — | -9.58M | 0 | -100% | — |
| D | 2021-09-27 | 2021-09-24 | TOST | Fredette Stephen | Co-Pres, Dir | J - Other | — | -23.65M | 0 | -100% | — |
| DM | 2021-09-27 | 2021-09-24 | TOST | Fredette Stephen | Co-Pres, Dir | J - Other | $0.00 | +23.65M | 25.0K | New | $0 |
| DMI | 2021-09-27 | 2021-09-24 | TOST | Fredette Stephen | Co-Pres, Dir | J - Other | $0.00 | +9.58M | 6.83M | 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 | 2,000,000 | — | 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 Fredette Family Nominee Trust. |
| 2 | Common | Common Stock | 2021-09-24 | J | D | 6,833,335 | — | 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 SHFA Family Trust. |
| 3 | Common | Common Stock | 2021-09-24 | J | D | 23,653,040 | — | 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 SHFA 2021 Nominee Trust. |
| 4 | Common | Common Stock | 2021-09-24 | J | D | 750,000 | — | 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. |
| 5 | Derivative | Restricted Stock Units | 2021-09-24 | J | D | 25,000 | $0.00 | 0 | D | — · — to 2028-03-22 | 25,000 Common Stock | (F7) The Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement. (F8) The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |
| 6 | 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 | (F6) The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021. |
| 7 | 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 | (F6) The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021. |
| 8 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 750,000 | $0.00 | 750,000 | I | — · — to — | 750,000 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. |
| 9 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 2,000,000 | $0.00 | 2,000,000 | I See footnote | — · — to — | 2,000,000 Class A Common Stock | (F5) Shares held by the Fredette Family Nominee 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 | 6,833,335 | $0.00 | 6,833,335 | I See footnote | — · — to — | 6,833,335 Class A Common Stock | (F4) Shares held by the SHFA Family 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. |
| 11 | Derivative | Class B Common Stock | 2021-09-24 | J | A | 23,653,040 | $0.00 | 23,653,040 | D See footnote | — · — to — | 23,653,040 Class A Common Stock | (F3) Shares held by the SHFA 2021 Nominee 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. |
| 12 | 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 | (F7) The Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement. (F8) The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |