Form 4: Toast Inc. Executive Stephen Fredette Reports Stock Transactions

Stephen Fredette, President of Toast Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units to cover tax obligations.

Summary

• On May 1, 2025, Stephen Fredette, President of Toast Inc., acquired 3,521 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• On May 2, 2025, Fredette disposed of 1,666 shares of Class A Common Stock at a price of $36.09 to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Fredette directly owns 1,413,108 shares of Class A Common Stock.
• Fredette also indirectly owns 66,896 shares through the Fredette Family Nominee Trust, 2,121,451 shares through the SHFA 2021 Nominee Trust, and 359,327 shares through the SHFA Family Trust.
• Fredette also owns 10,563 Restricted Stock Units.
• As of the report date, Fredette 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 is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small number of shares involved compared to the total outstanding shares.

Key Dates

Keywords

Form 4, Toast Inc., Stephen Fredette, Class A Common Stock, Restricted Stock Units, Beneficial Ownership, Insider Trading