Form 4: Toast Inc. President 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 November 1, 2024, Stephen Fredette, President of Toast, Inc., acquired 3,521 shares of Class A Common Stock through the conversion of Restricted Stock Units (RSUs).
• On November 4, 2024, Fredette disposed of 1,646 shares of Class A Common Stock at a price of $31.078 per share to cover tax withholding obligations related to the vesting and settlement of RSUs.
• Following these transactions, Fredette directly owns 1,633,262 shares of Class A Common Stock.
• Fredette also indirectly owns shares through the Fredette Family Nominee Trust (177,500 shares), the SHFA 2021 Nominee Trust (2,303,442 shares), and the SHFA Family Trust (419,991 shares).
• As of the date of the report, 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 stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's perspective on the company's stock.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's views on the company's stock.

Key Dates