Form 4: Toast Inc. Director Paul D. Bell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Paul D. Bell reports the vesting of restricted stock units (RSUs) into Class A Common Stock of Toast, Inc.
Summary
- On June 6, 2024, Paul D. Bell, a director of Toast, Inc., reported changes in beneficial ownership of the company's securities.
- Bell vested 11,593 Restricted Stock Units (RSUs) which converted into Class A Common Stock on a one-for-one basis.
- Additionally, Bell acquired 9,712 RSUs that will vest on the earlier of June 6, 2025, or the next annual meeting of Toast, Inc.'s stockholders.
- Following these transactions, Bell directly owns 240,680 shares of Class A Common Stock and 9,712 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions by an insider and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a director, which is typical and expected.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of earliest transaction: Vesting of 11,593 RSUs and acquisition of 9,712 RSUs. |
| 06/06/2025 | Date when 9,712 RSUs shall vest (or earlier at the next annual meeting). |
| 06/10/2024 | Date of signature for the Form 4 filing. |
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