Form 4: Toast Inc. President Stephen Fredette Reports Gift of Class A Common Stock

Stephen Fredette, President of Toast, Inc., reported a gift of 65,314 shares of Class A Common Stock and other transactions related to beneficial ownership.

Summary

• On May 13, 2025, Stephen Fredette, President of Toast, Inc., reported a transaction involving Class A Common Stock.
• Fredette gifted 65,314 shares of Class A Common Stock.
• The gift was made with no payment in consideration.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on December 4, 2024.
• Following the reported transaction, Fredette directly owns 881,458 shares of Class A Common Stock.
• Fredette also indirectly owns 66,896 shares through the Fredette Family Nominee Trust, 1,718,029 shares through the SHFA 2021 Nominee Trust, and 224,853 shares through the SHFA Family Trust.
• As of the date of the Form 4, 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 is a standard regulatory filing detailing a gift of stock. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The gift of shares could have a minor impact on shareholders, potentially slightly diluting the value of existing shares, although the amount is relatively small compared to the total outstanding shares.
• The transaction is unlikely to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Toast Inc., Stephen Fredette, Class A Common Stock, Beneficial Ownership, Rule 10b5-1 Trading Plan, Gift