Form 4: Toast Inc. President Stephen Fredette Sells Shares Under 10b5-1 Trading Plan

Toast Inc.'s President, Stephen Fredette, sold shares of Class A Common Stock on March 17, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Stephen Fredette, President of Toast, Inc., executed sales of Class A Common Stock on March 17, 2025.
• The transactions were conducted under a Rule 10b5-1 trading plan adopted on December 4, 2024.
• A total of 118,060 shares were sold at a weighted average price of approximately $35.03.
• The sales were executed in multiple transactions with prices ranging from $35.00 to $35.13.
• Following the reported transactions, Fredette directly owns 1,491,773 shares and indirectly owns 2,546,451 shares through various trusts.
• 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 sales by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Industry Context

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

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some investors, potentially leading to a slight decrease in stock price, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Toast Inc., Stephen Fredette, Class A Common Stock, Rule 10b5-1 trading plan, insider trading