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4//SEC Filing

Grimm Jonathan 4

Accession 0000899243-22-013925

CIK 0001650164other
View on SEC.govCompany Profile

Filed

Apr 4, 8:00 PM ET

Accepted

Apr 5, 8:43 PM ET

Size

16.9 KB

Accession

0000899243-22-013925

Insider Transaction Report

Form 4
Period: 2022-04-01
Toast, Inc.TOST
Grimm Jonathan
Chief Technology Officer10% Owner
Transactions
  • Sale

    Class A Common Stock

    2022-04-04$23.66/sh−1,918$45,389→ 4,332 total
  • Exercise/Conversion

    Class A Common Stock

    2022-04-01+6,250→ 6,250 total
  • Exercise/Conversion

    Restricted Stock Units

    2022-04-01−6,250→ 18,750 total
    → Class A Common Stock (6,250 underlying)
  • Gift

    Class B Common Stock

    2022-03-25−258,333→ 1,781,667 total(indirect: By Trust)
    → Class A Common Stock (258,333 underlying)
Holdings

  • Class A Common Stock

    (indirect: By Trust)
    3,084,674

  • Class B Common Stock

    (indirect: By Trust)
    → Class A Common Stock (510,000 underlying)
    510,000

  • Class B Common Stock

    (indirect: By Trust)
    → Class A Common Stock (20,394,948 underlying)
    20,394,948

  • Class B Common Stock

    (indirect: By Trust)
    → Class A Common Stock (510,000 underlying)
    510,000
Footnotes (5)
  • [F1]Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
  • [F2]Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.
  • [F3]The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.
  • [F4]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]Reflects 258,333 shares of Class B Common Stock transferred from The Jonathan M. Grimm 2020 Grantor Retained Annuity Trust to The Jonathan M. Grimm Trust in connection with an annual GRAT distribution.

Documents

1 file

Issuer

Toast, Inc.

CIK 0001650164

→
Entity typeother

Related Parties

1
  • filerCIK 0001907485

Filing Metadata

Form type
4
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 8:43 PM ET
Size
16.9 KB
View on SEC.gov