Papa Steve's Form 4 filing
Toast, Inc. (TOST) · filed May 16, 2022
- Accession no.
- 0000899243-22-018252
- Filed
- May 16, 2022, 8:00 PM ET
- Trade date
- May 12, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 9 non-derivative transactions. Open-market sales total $43.7M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Papa SteveCIK 0001835174 | 10% Owner |
| Technology Investment Dining Group, LLCCIK 0001884213 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −96,741 | $14.46F1 | −$1,398,874.86 | 23,524,970 | Direct | |
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −250,000 | $13.96F3 | −$3,490,000 | 23,274,970 | Direct | |
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −500,000 | $14.33F4 | −$7,165,000 | 22,774,970 | Direct | |
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −250,000 | $13.76F5 | −$3,440,000 | 22,524,970 | Direct | |
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −500,000 | $14.31F6 | −$7,155,000 | 22,024,940 | Direct | |
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −500,000 | $14.29F7 | −$7,145,000 | 21,524,970 | Direct | |
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −500,000 | $13.85F8 | −$6,925,000 | 21,024,970 | Direct | |
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −250,000 | $14.20F9 | −$3,550,000 | 20,774,970 | Direct | |
| May 12, 2022 | Class A Common Stock | SSaleDisposed | −250,000 | $13.88F10 | −$3,470,000 | 20,524,970 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.360 to $15.359 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F3
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.570 to $14.569 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F4
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.850 to $14.849 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F5
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.460 to $14.459 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F6
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.180 to $15.179 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F7
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.190 to $15.189 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F8
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.480 to $14.479 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F9
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.000 to $14.999 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F10
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.830 to $14.829 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.