Stephen Fredette - May 9, 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
May 9, 2025
Transactions value $
-$37,298,094
Form type
4
Date filed
5/13/2025, 04:41 PM
Previous filing
May 5, 2025
Next filing
May 15, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Fredette Stephen President, Director TOAST, INC., 333 SUMMER STREET, BOSTON /s/ Xing Yan as Attorney-in-Fact for Stephen Fredette 2025-05-13 0001869038

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Sale -$3.06M -75.4K -5.33% $40.66 1.34M May 9, 2025 Direct F1, F2
transaction TOST Class A Common Stock Sale -$5.13M -125K -9.32% $41.16 1.21M May 9, 2025 Direct F1, F3
transaction TOST Class A Common Stock Sale -$2.29M -54.4K -4.49% $42.15 1.16M May 9, 2025 Direct F1, F4
transaction TOST Class A Common Stock Sale -$3.39M -83.4K -3.93% $40.65 2.04M May 9, 2025 By the SHFA 2021 Nominee Trust F1, F2
transaction TOST Class A Common Stock Sale -$5.84M -142K -6.96% $41.15 1.9M May 9, 2025 By the SHFA 2021 Nominee Trust F1, F3
transaction TOST Class A Common Stock Sale -$2.52M -59.8K -3.15% $42.15 1.84M May 9, 2025 By the SHFA 2021 Nominee Trust F1, F5
transaction TOST Class A Common Stock Sale -$1.44M -35.3K -9.82% $40.72 324K May 9, 2025 By the SHFA Family Trust F1, F6
transaction TOST Class A Common Stock Sale -$1.38M -33.5K -10.35% $41.25 291K May 9, 2025 By the SHFA Family Trust F1, F7
transaction TOST Class A Common Stock Sale -$1.39M -32.9K -11.34% $42.13 258K May 9, 2025 By the SHFA Family Trust F1, F8
transaction TOST Class A Common Stock Sale -$4.43M -104K -8.98% $42.52 1.05M May 12, 2025 Direct F1, F9
transaction TOST Class A Common Stock Gift $0 -108K -10.22% $0.00 947K May 12, 2025 Direct F1, F10
transaction TOST Class A Common Stock Sale -$5.03M -118K -6.45% $42.52 1.72M May 12, 2025 By the SHFA 2021 Nominee Trust F1, F9
transaction TOST Class A Common Stock Sale -$1.39M -32.7K -12.71% $42.51 225K May 12, 2025 By the SHFA Family Trust F1, F11
holding TOST Class A Common Stock 66.9K May 9, 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.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.85 to $40.84, 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.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.85 to $41.84, 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.85 to $42.60, 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.85 to $42.59, 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.90 to $40.89, 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.90 to $41.89, 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.92 to $42.58, 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.00 to $42.92, 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.
F10 On May 12, 2025, the Reporting Person made a bona fide gift of 107,738 shares of the Issuer's Class A Common Stock with no payment in consideration.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.00 to $42.89, 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.

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.