Bennett Richard Kent's Form 4 filing
Toast, Inc. (TOST) · filed Nov 22, 2022
- Accession no.
- 0000899243-22-036819
- Filed
- Nov 22, 2022
- Trade date
- Nov 18-21, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 5 non-derivative transactions and 2 derivative transactions. Open-market sales total $2.42M. 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 |
|---|---|
| Bennett Richard KentCIK 0001860725 | Director |
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 |
|---|---|---|---|---|---|---|---|---|
| Nov 18, 2022 | Class A Common Stock | CConversionAcquired | 0 | $0.00F1 | $0 | 0 | Indirect | |
| Nov 18, 2022 | Class A Common Stock | SSaleDisposed | 0 | $0.00F3 | $0 | 0 | Indirect | |
| Nov 18, 2022 | Class A Common Stock | SSaleDisposed | −132,709 | $18.27F6 | −$2,424,593.43 | 790 | Direct | |
| Nov 21, 2022 | Class A Common Stock | CConversionAcquired | 0 | $0.00F1 | $0 | 0 | Indirect | |
| Nov 21, 2022 | Class A Common Stock | SSaleDisposed | 0 | $0.00F9 | $0 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
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
Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.
Referenced by the price of 2 transactions in Table I and 2 transactions in Table II.
- F3
On November 18, 2022, Bessemer IX and Bessemer Institutional sold 303,245 shares and 242,945 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $18.50. These shares were sold in multiple transactions at prices ranging from $18.20 to $18.765, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.15 to $18.317, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F9
On November 21, 2022, Bessemer IX and Bessemer Institutional sold 231,480 shares and 185,451 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $18.16. These shares were sold in multiple transactions at prices ranging from $17.88 to $18.275, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.