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

Stephen Fredette, President of Toast, Inc., reports the acquisition and disposition of Class A Common Stock, including shares sold to cover tax obligations related to vesting Restricted Stock Units.

Summary

• On August 1, 2024, Stephen Fredette, President of Toast, Inc., acquired 3,521 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Also on August 1, 2024, 3,521 RSUs were converted into Class A Common Stock.
• On August 2, 2024, Fredette sold 1,127 shares of Class A Common Stock at a price of $24.001 per share to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Fredette directly owns 2,849,709 shares of Class A Common Stock.
• Fredette also indirectly owns 177,500 shares through the Fredette Family Nominee Trust, 2,303,442 shares through the SHFA 2021 Nominee Trust, and 419,991 shares through the SHFA Family Trust.
• Additionally, 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 routine regulatory filing related to stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers and directors.

Key Dates