Form 4: Toast Inc. President Stephen Fredette Reports Stock Distribution

Stephen Fredette, President of Toast, Inc., reported a distribution-in-kind of 110,000 Class A Common Stock shares from the Fredette Family Nominee Trust.

Summary

• On June 10, 2024, Stephen Fredette, President of Toast, Inc., reported a transaction involving Class A Common Stock.
• The transaction involved a distribution-in-kind of 110,000 shares from the Fredette Family Nominee Trust.
• The distribution was based on beneficial interest ownership with no payment in consideration.
• Following the transaction, Fredette directly owns 177,500 shares of Class A Common Stock.
• Fredette also indirectly owns 2,838,216 shares through the SHFA 2021 Nominee Trust and 419,991 shares through the SHFA Family Trust.
• 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: This is a neutral disclosure of stock ownership changes. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

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

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key executive.

Key Dates