0000899243-22-038717.txt : 20221215
0000899243-22-038717.hdr.sgml : 20221215
20221215193117
ACCESSION NUMBER: 0000899243-22-038717
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221213
FILED AS OF DATE: 20221215
DATE AS OF CHANGE: 20221215
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: 221466172
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
2022-12-13
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
2022-12-13
4
C
0
0
0.00
A
0
I
See footnotes
Class A Common Stock
2022-12-13
4
S
0
0
0.00
D
0
I
See footnotes
Class A Common Stock
2022-12-13
4
S
0
0
0.00
D
0
I
See footnotes
Class A Common Stock
790
D
Class B Common Stock
2022-12-13
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 221,494 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), 177,450 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").
On December 13, 2022, Bessemer IX and Bessemer Institutional sold 219,828 shares and 176,116 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $19.84. These shares were sold in multiple transactions at prices ranging from $19.53 to $20.52, 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.
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 Bessemer Century Funds. Deer X Ltd. and Deer X L.P. disclaim beneficial ownership of the securities held by 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") and (3) certain other indirect limited partnership interests in certain of the Bessemer Funds.
(Continued from Footnote 4) 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.
After the transaction reported in footnote 3, Bessemer IX and Bessemer Institutional owned 1,666 and 1,334 shares of Class A Common Stock, respectively.
On December 13, 2022, Bessemer IX and Bessemer Institutional sold 1,666 shares and 1,334 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $20.58. These shares were sold in multiple transactions at prices ranging from $20.53 to $20.62, 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.
The shares are directly held by the Reporting Person.
As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 17,538,187 shares of Class B Common Stock, 14,050,769 shares of Class B Common Stock, 451,505 shares of Class B Common Stock, and 2,848,970 shares of Class B Common Stock, respectively.
/s/ Kent Bennett
2022-12-15