Form 4: Toast Inc. Director Stephen Fredette Executes Stock Sales and Gift Transaction

Stephen Fredette, a Director and President of Toast, Inc., executed multiple sales of Class A Common Stock under a 10b5-1 trading plan and made a gift of shares.

Summary

• On March 19 and 20, 2025, Stephen Fredette, a Director and President of Toast, Inc., engaged in transactions involving the company's Class A Common Stock.
• Fredette sold shares on March 19, 2025, at weighted average prices of $35.148, $35.144, and $35.142.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 4, 2024.
• On March 20, 2025, Fredette made a bona fide gift of 45,585 shares of Class A Common Stock.
• Following these transactions, Fredette directly owns 1,402,132 shares of Class A Common Stock and indirectly owns additional shares through various trusts.
• Fredette also owns 25,722,670 shares of Class B common stock, each convertible into one share of Class A common stock.

Sentiment

Score: 5

Explanation: The document simply reports transactions, so the sentiment is neutral.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. The use of 10b5-1 trading plans allows insiders to sell shares over time while avoiding accusations of insider trading.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders if they interpret the sales negatively.
• The gift of shares has minimal direct impact on stakeholders.

Key Dates

Keywords

Toast Inc., Stephen Fredette, Class A Common Stock, Class B Common Stock, Form 4, Stock Sale, Gift, 10b5-1 Trading Plan, Director, President