0000899243-22-007504.txt : 20220223
0000899243-22-007504.hdr.sgml : 20220223
20220223203233
ACCESSION NUMBER: 0000899243-22-007504
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220218
FILED AS OF DATE: 20220223
DATE AS OF CHANGE: 20220223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bennett Richard Kent
CENTRAL INDEX KEY: 0001860725
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40819
FILM NUMBER: 22665993
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
2022-02-18
0
0001650164
Toast, Inc.
TOST
0001860725
Bennett Richard Kent
TOAST, INC.
401 PARK DRIVE, SUITE 801
BOSTON
MA
02215
1
0
0
0
Class A Common Stock
2022-02-18
4
C
0
0
0.00
A
0
I
See footnotes
Class A Common Stock
2022-02-18
4
J
0
0
0.00
D
0
I
See footnotes
Class A Common Stock
164380
D
Class B Common Stock
2022-02-18
4
C
0
0
0.00
D
Class A Common Stock
0
0
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 1,654,625 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), and 1,325,608 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").
As of the date hereof, Bessemer IX, Bessemer Institutional, 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") own 26,512,797 shares of Class B Common Stock, 21,240,801 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.
On February 18, 2022 the Bessemer IX Funds distributed, for no consideration 2,980,233 shares (collectively, the "Shares"), of Class A Common Stock to their limited partners and to Deer IX & Co. L.P., representing each such partner's pro rata interest in such Shares. On the same date, one or more of such limited partner(s) distributed, for no consideration, the Shares to certain of its or their members in an amount equal to each such member's or members' respective pro rata interests in the Shares. Finally, on the same date, Deer IX & Co. L.P. distributed, for no consideration, the Shares it received from the distributions to its partners in an amount equal to each such partner's pro rata interest in the Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer IX Funds and the Bessemer Century Funds by virtue of his interest in (1) Deer IX & Co. L.P., the general partner of the Bessemer IX Funds, and (2) Deer X & Co. L.P., the general partner of the Bessemer Century Funds and (3) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer IX Funds and the Bessemer Century Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer IX Funds and Bessemer Century Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
The shares are directly held by the Reporting Person. Includes Shares received in the distributions described in footnote (4) above.
/s/ Kent Bennett
2022-02-23