Form 4: Toast Inc. President Stephen Fredette Executes Stock Sales Under 10b5-1 Plan

Stephen Fredette, President of Toast, Inc., sold shares of Class A Common Stock on March 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 12, 2025, Stephen Fredette, the President of Toast, Inc., executed sales of Class A Common Stock.
• The transactions were conducted under a Rule 10b5-1 trading plan adopted on December 4, 2024.
• Fredette sold 300 shares of Class A Common Stock at $35 per share directly.
• Fredette sold 400 shares of Class A Common Stock at $35 per share indirectly through the SHFA 2021 Nominee Trust.
• Fredette sold 100 shares of Class A Common Stock at $35 per share indirectly through the SHFA Family Trust.
• Following these transactions, Fredette directly owns 1,538,846 shares of Class A Common Stock.
• Fredette indirectly owns 2,223,909 shares through the SHFA 2021 Nominee Trust.
• Fredette indirectly owns 393,513 shares through the SHFA Family Trust.
• Fredette indirectly owns 66,896 shares through the Fredette Family Nominee Trust.
• 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 sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan, which is a common practice.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the effect is likely to be minimal given the pre-planned nature of the transactions.

Key Dates