Form 4 for TOST Toast, Inc.
Accepted 2022-03-07 00:00:00 ET · period of report 2022-03-03 · accession 0000899243-22-009682 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-03-07 | 2022-03-03 | TOST | Grimm Jonathan | CTO, 10% | C - Cnv Deriv | — | +1.40M | 3.08M | +83% | — |
| DM | 2022-03-07 | 2022-03-03 | TOST | Grimm Jonathan | CTO, 10% | J - Other | $0.00 | 0 | 25.0K | New | $0 |
| DI | 2022-03-07 | 2022-03-03 | TOST | Grimm Jonathan | CTO, 10% | C - Cnv Deriv | $0.00 | -1.40M | 20.14M | -7% | $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 | Class A Common Stock | 2022-03-03 | C | A | 1,400,000 | — | 3,084,674 | I By The Jonathan M. Grimm 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. (F1) Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock on a one-for-one basis. |
| 2 | Derivative | Restricted Stock Units | 2022-03-03 | J | D | 25,000 | $0.00 | 0 | D | — · — to — | 25,000 Class B Common Stock | (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. |
| 3 | Derivative | Class B Common Stock | 2022-03-03 | C | D | 1,400,000 | $0.00 | 20,136,615 | I By The Jonathan M. Grimm Trust | — · — to — | 1,400,000 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. |
| 4 | Derivative | Restricted Stock Units | 2022-03-03 | J | A | 25,000 | $0.00 | 25,000 | D | — · — to — | 25,000 Class A Common Stock | (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. |