Narang Aman's Form 4 filing
Toast, Inc. (TOST) · filed Dec 30, 2022
- Accession no.
- 0001650164-22-000156
- Filed
- Dec 30, 2022
- Trade date
- Dec 14-30, 2022
- Filing delay
- 16 daysLate
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 8 non-derivative transactions. Open-market sales total $12.0M. It was filed 16 days after the trade, past the 2-business-day deadline.
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 |
|---|---|
| Narang AmanCIK 0001869139 | Director, Officer (COO & Co-President) |
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 |
|---|---|---|---|---|---|---|---|---|
| Dec 14, 2022 | Class A Common Stock | GGiftDisposed | −600,000 | $0.00 | $0 | 1,961,769 | Direct | |
| Dec 14, 2022 | Class A Common Stock | GGiftAcquired | +600,000 | $0.00 | $0 | 600,000 | Indirect | |
| Dec 28, 2022 | Class A Common Stock | SSaleDisposed | −583,091 | $16.93F3 | −$9,871,730.63 | 16,909 | Indirect | |
| Dec 29, 2022 | Class A Common Stock | SSaleDisposed | −13,449 | $18.06F5 | −$242,888.94 | 42,367 | Indirect | |
| Dec 29, 2022 | Class A Common Stock | SSaleDisposed | −13,341 | $18.06F6 | −$240,938.46 | 42,475 | Indirect | |
| Dec 30, 2022 | Class A Common Stock | SSaleDisposed | −7,800 | $17.86F7 | −$139,308 | 9,109 | Indirect | |
| Dec 30, 2022 | Class A Common Stock | SSaleDisposed | −42,367 | $18.05F8 | −$764,724.35 | 0 | Indirect | |
| Dec 30, 2022 | Class A Common Stock | SSaleDisposed | −42,475 | $18.05F9 | −$766,673.75 | 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.
- F3
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.75 to $17.17, 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 this price 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 $18 to $18.18, 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 this price 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 $18 to $18.17, 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 this price 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 $17.63 to $18.11, 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 this price 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 $18.00 to $18.12, 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 this price 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 $18.00 to $18.13, 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 this price range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
Remarks
The Reporting Person does not have a reportable beneficial interest in the shares of Class A Common Stock held by The Narang Family Irrevocable Trust FBO Fitzgerald Family, The Narang Family Irrevocable Trust FBO Varun Narang, or The Narang Family Irrevocable Trust FBO Vijay and Madhu Narang previously included in the ownership reports of the Reporting Person and accordingly such shares are not included in Table I of this Form 4. As of the date of this Form 4, the Reporting Person also owns 18,912,840 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.