Narang Aman's Form 4 filing
Toast, Inc. (TOST) · filed May 3, 2023
- Accession no.
- 0001650164-23-000145
- Filed
- May 3, 2023
- Trade date
- May 1-2, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $116.9K. 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 |
|---|---|
| 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 |
|---|---|---|---|---|---|---|---|---|
| May 1, 2023 | Class A Common Stock | MOption exerciseAcquired | +3,521 | –F1 | – | 1,740,238 | Direct | |
| May 1, 2023 | Class A Common Stock | SSaleDisposed | −5,495 | $17.81F3 | −$97,865.95 | 1,734,743 | Direct | |
| May 2, 2023 | Class A Common Stock | SSaleDisposed | −1,108 | $17.16 | −$19,013.28 | 1,733,635 | Direct |
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 1, 2023 | Class A Common Stock | MOption exerciseDisposed | −3,521 | $0.00 | $0 | 38,731 | 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
Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
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 $17.32 to $18.29, 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
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.