Stephen Fredette - Mar 12, 2025 Form 4 Insider Report for Toast, Inc. (TOST)

Signature
/s/ Xing Yan as Attorney-in-Fact for Stephen Fredette
Stock symbol
TOST
Transactions as of
Mar 12, 2025
Transactions value $
-$28,000
Form type
4
Date filed
3/14/2025, 04:38 PM
Previous filing
Mar 11, 2025
Next filing
Mar 19, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Sale -$10.5K -300 -0.02% $35.00 1.54M Mar 12, 2025 Direct F1
transaction TOST Class A Common Stock Sale -$14K -400 -0.02% $35.00 2.22M Mar 12, 2025 By the SHFA 2021 Nominee Trust F1
transaction TOST Class A Common Stock Sale -$3.5K -100 -0.03% $35.00 394K Mar 12, 2025 By the SHFA Family Trust F1
holding TOST Class A Common Stock 66.9K Mar 12, 2025 By the Fredette Family Nominee Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 4, 2024.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 25,722,670 shares of the Class B common stock of the Issuer. Each share of Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.