Form 4 for TOST Toast, Inc.
Accepted 2021-10-29 00:00:00 ET · period of report 2021-10-27 · accession 0001869299-21-000002 · 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 | 2021-10-29 | 2021-10-27 | TOST | Elworthy Brian R | GC | C - Cnv Deriv | $0.00 | +428.9K | 428.9K | New | $0 |
| DI | 2021-10-29 | 2021-10-27 | TOST | Elworthy Brian R | GC | C - Cnv Deriv | $0.00 | +109.2K | 109.2K | New | $0 |
| D | 2021-10-29 | 2021-10-27 | TOST | Elworthy Brian R | GC | C - Cnv Deriv | $0.00 | -428.9K | 0 | -100% | $0 |
| DI | 2021-10-29 | 2021-10-27 | TOST | Elworthy Brian R | GC | C - Cnv Deriv | $0.00 | -109.2K | 0 | -100% | $0 |
| DM | 2021-10-29 | 2021-10-27 | TOST | Elworthy Brian R | GC | J - Other | $0.00 | 0 | 20.0K | 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 | Class A Common Stock | 2021-10-27 | C | A | 428,930 | $0.00 | 428,930 | D By the Brian R. Elworthy Grantor Retained Annuity Trust of 2019 | — | — | |
| 2 | Common | Class A Common Stock | 2021-10-27 | C | A | 109,175 | $0.00 | 109,175 | I | — | — | |
| 3 | Derivative | Class B Common Stock | 2021-10-27 | C | D | 428,930 | $0.00 | 0 | D By the Brian R. Elworthy Grantor Retained Annuity Trust of 2019 | — · — to — | 428,930 Class A Common Stock | (F1) Reflects the voluntary conversion of Class B Common Stock on a one-for-one basis. |
| 4 | Derivative | Class B Common Stock | 2021-10-27 | C | D | 109,175 | $0.00 | 0 | I | — · — to — | 109,175 Class A Common Stock | (F1) Reflects the voluntary conversion of Class B Common Stock on a one-for-one basis. |
| 5 | Derivative | Stock Option (Right to Buy) | 2021-10-27 | J | D | 375,000 | $0.00 | 0 | D | $1.52 · — to 2029-02-08 | 375,000 Class B Common Stock | (F3) The shares subject to this option shall vest in twenty equal quarterly installments over five years following July 1, 2018. |
| 6 | Derivative | Stock Option (Right to Buy) | 2021-10-27 | J | A | 375,000 | $0.00 | 375,000 | D | $1.52 · — to 2029-02-08 | 375,000 Class A Common Stock | (F3) The shares subject to this option shall vest in twenty equal quarterly installments over five years following July 1, 2018. |
| 7 | Derivative | Stock Option (Right to Buy) | 2021-10-27 | J | D | 450,000 | $0.00 | 0 | D | $2.21 · — to 2030-04-21 | 450,000 Class B Common Stock | (F4) The shares subject to this option shall vest in twenty equal quarterly installments over five years following April 21, 2020. |
| 8 | Derivative | Stock Option (Right to Buy) | 2021-10-27 | J | A | 450,000 | $0.00 | 450,000 | D | $2.21 · — to 2030-04-21 | 450,000 Class A Common Stock | (F4) The shares subject to this option shall vest in twenty equal quarterly installments over five years following April 21, 2020. |
| 9 | Derivative | Stock Option (Right to Buy) | 2021-10-27 | J | D | 60,000 | $0.00 | 0 | D | $20.95 · — to 2031-06-02 | 60,000 Class B Common Stock | (F5) The shares subject to this option shall vest in twenty equal quarterly installments over five years following June 2, 2021. |
| 10 | Derivative | Stock Option (Right to Buy) | 2021-10-27 | J | A | 60,000 | $0.00 | 60,000 | D | $20.95 · — to 2031-06-02 | 60,000 Class A Common Stock | (F5) The shares subject to this option shall vest in twenty equal quarterly installments over five years following June 2, 2021. |
| 11 | Derivative | Restricted Stock Units | 2021-10-27 | J | D | 20,000 | $0.00 | 0 | D | — · — to 2028-06-02 | 20,000 Class B Common Stock | (F6) 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. (F7) The RSUs shall vest as follows: 25% shall vest on July 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |
| 12 | Derivative | Restricted Stock Units | 2021-10-27 | J | A | 20,000 | $0.00 | 20,000 | D | — · — to 2028-06-02 | 20,000 Class A Common Stock | (F6) 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. (F7) The RSUs shall vest as follows: 25% shall vest on July 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. |