0000899243-22-036822.txt : 20221122 0000899243-22-036822.hdr.sgml : 20221122 20221122202824 ACCESSION NUMBER: 0000899243-22-036822 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221118 FILED AS OF DATE: 20221122 DATE AS OF CHANGE: 20221122 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bessemer Venture Partners IX Institutional L.P. CENTRAL INDEX KEY: 0001624149 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40819 FILM NUMBER: 221412037 BUSINESS ADDRESS: STREET 1: 1865 PALMER AVENUE STREET 2: SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 BUSINESS PHONE: 914-833-5300 MAIL ADDRESS: STREET 1: 1865 PALMER AVENUE STREET 2: SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Deer IX & Co. Ltd. CENTRAL INDEX KEY: 0001655220 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40819 FILM NUMBER: 221412036 BUSINESS ADDRESS: STREET 1: C/O BESSEMER VENTURE PARTNERS STREET 2: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 BUSINESS PHONE: 914-833-5300 MAIL ADDRESS: STREET 1: C/O BESSEMER VENTURE PARTNERS STREET 2: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bessemer Venture Partners IX L.P. CENTRAL INDEX KEY: 0001655213 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40819 FILM NUMBER: 221412038 BUSINESS ADDRESS: STREET 1: C/O BESSEMER VENTURE PARTNERS STREET 2: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 BUSINESS PHONE: 914-833-5300 MAIL ADDRESS: STREET 1: C/O BESSEMER VENTURE PARTNERS STREET 2: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Deer IX & Co. L.P. CENTRAL INDEX KEY: 0001655219 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40819 FILM NUMBER: 221412035 BUSINESS ADDRESS: STREET 1: C/O BESSEMER VENTURE PARTNERS STREET 2: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 BUSINESS PHONE: 914-833-5300 MAIL ADDRESS: STREET 1: C/O BESSEMER VENTURE PARTNERS STREET 2: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bessemer Venture Partners Century Fund L.P. CENTRAL INDEX KEY: 0001787478 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40819 FILM NUMBER: 221412034 BUSINESS ADDRESS: STREET 1: 1865 PALMER AVENUE STREET 2: SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 BUSINESS PHONE: 914-833-9100 MAIL ADDRESS: STREET 1: 1865 PALMER AVENUE STREET 2: SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Deer X & Co. L.P. CENTRAL INDEX KEY: 0001768637 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40819 FILM NUMBER: 221412031 BUSINESS ADDRESS: STREET 1: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 BUSINESS PHONE: 914-833-5300 MAIL ADDRESS: STREET 1: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Deer X & Co. Ltd. CENTRAL INDEX KEY: 0001768677 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40819 FILM NUMBER: 221412032 BUSINESS ADDRESS: STREET 1: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 BUSINESS PHONE: 914-833-5300 MAIL ADDRESS: STREET 1: 1865 PALMER AVENUE, SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bessemer Venture Partners Century Fund Institutional L.P. CENTRAL INDEX KEY: 0001787477 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40819 FILM NUMBER: 221412033 BUSINESS ADDRESS: STREET 1: 1865 PALMER AVENUE STREET 2: SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 BUSINESS PHONE: 914-833-9100 MAIL ADDRESS: STREET 1: 1865 PALMER AVENUE STREET 2: SUITE 104 CITY: LARCHMONT STATE: NY ZIP: 10538 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Toast, Inc. CENTRAL INDEX KEY: 0001650164 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 401 PARK DRIVE STREET 2: SUITE 801 CITY: BOSTON STATE: MA ZIP: 02215 BUSINESS PHONE: 617-297-1005 MAIL ADDRESS: STREET 1: 401 PARK DRIVE STREET 2: SUITE 801 CITY: BOSTON STATE: MA ZIP: 02215 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2022-11-18 0 0001650164 Toast, Inc. TOST 0001655213 Bessemer Venture Partners IX L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001624149 Bessemer Venture Partners IX Institutional L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001655220 Deer IX & Co. Ltd. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVE., SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001655219 Deer IX & Co. L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001787478 Bessemer Venture Partners Century Fund L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001787477 Bessemer Venture Partners Century Fund Institutional L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001768677 Deer X & Co. Ltd. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001768637 Deer X & Co. L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 Class A Common Stock 2022-11-18 4 C 0 546190 0.00 A 546190 I See footnotes Class A Common Stock 2022-11-18 4 S 0 546190 18.50 D 0 I See footnotes Class A Common Stock 2022-11-21 4 C 0 416931 0.00 A 416931 I See footnotes Class A Common Stock 2022-11-21 4 S 0 416931 18.16 D 0 I See footnotes Class B Common Stock 2022-11-18 4 C 0 546190 0.00 D Class A Common Stock 546190 42667185 I See footnotes Class B Common Stock 2022-11-21 4 C 0 416931 0.00 D Class A Common Stock 416931 42250254 I See footnotes 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. Represents 303,245 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), and 242,945 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional, L.P. ("Bessemer Institutional", and together with Bessemer IX, the "Bessemer IX Funds"). Deer IX & Co. Ltd. ("Deer IX Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer IX L.P."), which is the general partner of each of the Bessemer IX Funds. Deer IX Ltd. and Deer IX L.P. disclaim beneficial ownership of the securities held by the Bessemer IX Funds, and this report shall not be deemed an admission that Deer IX Ltd. and Deer IX L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Bessemer IX Funds. Deer X & Co. Ltd. ("Deer X Ltd.") is the general partner of Deer X & Co. L.P. ("Deer X L.P."), which is the general partner of each of Bessemer Venture Partners Century Fund L.P. ("Bessemer Century") and Bessemer Venture Partners Century Fund Institutional L.P. ("Bessemer Century Institutional", and together with Bessemer Century, the "Bessemer Century Funds"). Deer X Ltd. and Deer X L.P. disclaim beneficial ownership of the securities held by the Bessemer Century Funds, and this report shall not be deemed an admission that Deer X Ltd. and Deer X L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Bessemer Century Funds. On November 18, 2022, Bessemer IX and Bessemer Institutional sold 303,245 shares and 242,945 shares of Class A Common Stock of Toast, Inc., respectively. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.20 to $18.765, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Represents 231,480 shares converted from Class B Common Stock to Class A Common Stock by Bessemer IX, and 185,451 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Institutional. On November 21, 2022, Bessemer IX and Bessemer Institutional sold 231,480 shares and 185,451 shares of Class A Common Stock of Toast, Inc., respectively. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.88 to $18.275, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. After the transaction reported in footnote 2, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 21,245,676 shares of Class B Common Stock, 17,021,034 shares of Class B Common Stock, 601,985 shares of Class B Common Stock, and 3,798,490 shares of Class B Common Stock, respectively. As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 21,014,196 shares of Class B Common Stock, 16,835,583 shares of Class B Common Stock, 601,985 shares of Class B Common Stock, and 3,798,490 shares of Class B Common Stock, respectively. /s/ Scott Ring, General Counsel, Deer IX & Co. Ltd., the General Partner of Deer IX & Co. L.P., the General Partner of Bessemer Venture Partners IX L.P. 2022-11-22 /s/ Scott Ring, General Counsel, Deer IX & Co. Ltd., the General Partner of Deer IX & Co. L.P., the General Partner of Bessemer Venture Partners IX Institutional L.P. 2022-11-22 /s/ Scott Ring, General Counsel, Deer X & Co. Ltd., the General Partner of Deer X & Co. L.P., the General Partner of Bessemer Venture Partners Century Fund L.P. 2022-11-22 /s/ Scott Ring, General Counsel, Deer X & Co. Ltd., the General Partner of Deer X & Co. L.P., the General Partner of Bessemer Venture Partners Century Fund Institutional L.P. 2022-11-22 /s/ Scott Ring, General Counsel, Deer IX & Co. Ltd., the General Partner of Deer IX & Co. L.P. 2022-11-22 /s/ Scott Ring, General Counsel, Deer IX & Co. Ltd. 2022-11-22 /s/ Scott Ring, General Counsel, Deer X & Co. Ltd., the General Partner of Deer X & Co. L.P. 2022-11-22 /s/ Scott Ring, General Counsel, Deer X & Co. Ltd. 2022-11-22