0001650164-23-000294.txt : 20230803
0001650164-23-000294.hdr.sgml : 20230803
20230803162701
ACCESSION NUMBER: 0001650164-23-000294
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230801
FILED AS OF DATE: 20230803
DATE AS OF CHANGE: 20230803
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: 231140495
MAIL ADDRESS:
STREET 1: TOAST, INC.
STREET 2: 401 PARK DRIVE
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: 454168768
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 401 PARK DRIVE
CITY: BOSTON
STATE: MA
ZIP: 02215
BUSINESS PHONE: 617-297-1005
MAIL ADDRESS:
STREET 1: 401 PARK DRIVE
CITY: BOSTON
STATE: MA
ZIP: 02215
4
1
wk-form4_1691094413.xml
FORM 4
X0508
4
2023-08-01
0
0001650164
Toast, Inc.
TOST
0001869139
Narang Aman
TOAST, INC.
401 PARK DRIVE
BOSTON
MA
02215
1
1
0
0
COO & Co-President
0
Class A Common Stock
2023-08-01
4
M
0
3521
A
1517690
D
Class A Common Stock
2023-08-01
4
S
0
124532
21.659
D
1393158
D
Class A Common Stock
2023-08-02
4
S
0
1100
20.744
D
1392058
D
Class A Common Stock
9109
I
The Narang Family Trust
Restricted Stock Units
2023-08-01
4
M
0
3521
0
D
Class A Common Stock
3521
35210
D
Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2022.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.505 to $21.88, 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 this price range set forth in this footnote.
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.
The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.
As of the date of this Form 4, the Reporting Person also owns 18,912,840 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.
/s/ Monica Kleinman as Attorney-in-Fact for Aman Narang
2023-08-03