0000899243-21-037916.txt : 20210927
0000899243-21-037916.hdr.sgml : 20210927
20210927213220
ACCESSION NUMBER: 0000899243-21-037916
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210924
FILED AS OF DATE: 20210927
DATE AS OF CHANGE: 20210927
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Narang Aman
CENTRAL INDEX KEY: 0001869139
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40819
FILM NUMBER: 211283372
MAIL ADDRESS:
STREET 1: TOAST, INC.
STREET 2: 401 PARK DRIVE, SUITE 801
CITY: BOSTON
STATE: MA
ZIP: 02215
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
2021-09-24
0
0001650164
Toast, Inc.
TOST
0001869139
Narang Aman
TOAST, INC.
401 PARK DRIVE, SUITE 801
BOSTON
MA
02215
1
1
0
0
See Remarks
Common Stock
2021-09-24
4
J
0
23772840
D
0
D
Common Stock
2021-09-24
4
J
0
200000
D
0
I
See footnote
Common Stock
2021-09-24
4
J
0
93675
D
0
I
See footnote
Common Stock
2021-09-24
4
J
0
65665
D
0
I
See footnote
Common Stock
2021-09-24
4
J
0
65665
D
0
I
See footnote
Common Stock
2021-09-24
4
J
0
17735
D
0
I
See footnote
Class B Common Stock
2021-09-24
4
J
0
23772840
0.00
A
Class A Common Stock
23772840
23772840
D
Class B Common Stock
2021-09-24
4
J
0
200000
0.00
A
Class A Common Stock
200000
200000
I
See footnote
Class B Common Stock
2021-09-24
4
J
0
93675
0.00
A
Class A Common Stock
93675
93675
I
See footnote
Class B Common Stock
2021-09-24
4
J
0
65665
0.00
A
Class A Common Stock
65665
65665
I
See footnote
Class B Common Stock
2021-09-24
4
J
0
65665
0.00
A
Class A Common Stock
65665
65665
I
See footnote
Class B Common Stock
2021-09-24
4
J
0
17735
0.00
A
Class A Common Stock
17735
17735
I
See footnote
Stock Option (Right to Buy)
1.52
2021-09-24
4
J
0
1662500
0.00
D
2029-02-08
Common Stock
1662500
0
D
Stock Option (Right to Buy)
1.52
2021-09-24
4
J
0
1662500
0.00
A
2029-02-08
Class B Common Stock
1662500
1662500
D
Stock Option (Right to Buy)
1.52
2021-09-24
4
J
0
1425000
0.00
D
2029-02-08
Common Stock
1425000
0
D
Stock Option (Right to Buy)
1.52
2021-09-24
4
J
0
1425000
0.00
A
2029-02-08
Class B Common Stock
1425000
1425000
D
Stock Option (Right to Buy)
15.27
2021-09-24
4
J
0
75000
0.00
D
2031-03-22
Common Stock
75000
0
D
Stock Option (Right to Buy)
15.27
2021-09-24
4
J
0
75000
0.00
A
2031-03-22
Class B Common Stock
75000
75000
D
Restricted Stock Units
2021-09-24
4
J
0
25000
0.00
D
2028-03-22
Common Stock
25000
0
D
Restricted Stock Units
2021-09-24
4
J
0
25000
0.00
A
2028-03-22
Class B Common Stock
25000
25000
D
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.
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.
Shares held by the Narang Family Irrevocable Trust FBO Fitzgerald Family.
Shares held by the Narang Family Irrevocable Trust FBO Varun Narang.
Shares held by the Narang Family Irrevocable Trust FBO Lia Narang.
Shares held by the Narang Family Irrevocable Trust FBO Noah Narang.
Shares held by the Narang Family Irrevocable Trust FBO Vijay and Madhu Narang.
The option was originally granted for 3,325,000 shares, of which 1,662,500 shares were early exercised. The shares subject to this option vest as follows: 207,810 shares vest on October 1, 2021, 207,815 shares vest on January 1, 2022, 207,810 shares vest on April 1, 2022, 207,815 shares vest on July 1, 2022, 207,810 shares vest on October 1, 2022, 207,815 shares vest on January 1, 2023, 207,810 shares vest on April 1, 2023, and 207,815 shares vest on July 1, 2023.
The shares subject to this option are fully vested and exercisable as of the date hereof.
The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021.
The Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement.
The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.
Chief Operating Officer and Co-President
/s/ Brian R. Elworthy, as Attorney-in-Fact
2021-09-27