Form 4: Deval Patrick Reports Toast Inc. Stock Transactions
SEC Form 4 Filing
Director Deval Patrick reports the vesting and conversion of restricted stock units into Class A Common Stock of Toast, Inc.
Summary
- On June 6, 2024, Deval Patrick, a director of Toast, Inc., had 11,593 Restricted Stock Units (RSUs) vest and convert into Class A Common Stock.
- Following this transaction, Patrick directly owns 47,482 shares of Class A Common Stock.
- Patrick was also granted 9,712 RSUs that will vest on the earlier of June 6, 2025, or the next annual meeting of Toast, Inc.'s stockholders.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The document indicates future vesting of additional RSUs in June 2025 or at the next annual meeting.
Industry Context
Form 4 filings are standard disclosures for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates routine compensation and alignment of interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | 11,593 Restricted Stock Units vested and converted into Class A Common Stock. |
| 06/06/2024 | Grant date of 9,712 Restricted Stock Units. |
| 06/06/2025 | Date on which 9,712 Restricted Stock Units shall vest, or the next annual meeting of the Issuer's stockholders following the grant date, whichever is earlier. |
| 06/10/2024 | Date of report. |
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