Form 4: Toast CEO Aman Narang Gifts 50,000 Shares of Class A Common Stock
SEC Form 4 Filing
Toast CEO Aman Narang gifted 50,000 shares of Class A Common Stock on March 15, 2024.
Summary
- On March 15, 2024, Aman Narang, CEO of Toast, Inc., gifted 50,000 shares of Class A Common Stock.
- The gift was made with no payment in consideration.
- Following the transaction, Narang directly owns 1,109,029 shares of Class A Common Stock.
- Narang also indirectly owns 9,109 shares through The Narang Family Trust.
- Additionally, Narang owns 18,912,840 shares of Class B common stock, each convertible into one share of Class A common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider transactions and are required by the SEC to provide transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the gift transaction of 50,000 shares of Class A Common Stock. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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