Bennett Richard Kent's Form 4 filing
Toast, Inc. (TOST) · filed May 25, 2023
- Accession no.
- 0000899243-23-013900
- Filed
- May 25, 2023
- Trade date
- May 23-24, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. It was filed 2 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 |
|---|---|---|---|---|---|---|---|---|
| May 23, 2023 | Class A Common Stock | CConversionAcquired | 0 | $0.00F1 | $0 | 0 | Indirect | |
| May 23, 2023 | Class A Common Stock | SSaleDisposed | 0 | $0.00F3 | $0 | 0 | Indirect | |
| May 24, 2023 | Class A Common Stock | CConversionAcquired | 0 | $0.00F1 | $0 | 0 | Indirect | |
| May 24, 2023 | Class A Common Stock | SSaleDisposed | 0 | $0.00F5 | $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.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 23, 2023 | Class A Common Stock | CConversionDisposed | 0 | $0.00F1 | $0 | 0 | Indirect |
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 1 transaction in Table II.
- F3
On May 23, 2023, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional, sold 694,600 shares, 556,000 shares, 30,099 shares and 189,925 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $21.22. These shares were sold in multiple transactions at prices ranging from $20.89 to $21.58. 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.
- F5
On May 24, 2023, Bessemer IX and Bessemer Institutional, sold 283,268 shares and 226,941 shares, of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $21.27. These shares were sold in multiple transactions at prices ranging from $21.09 to $21.37. 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.