SEC Form 4 · accession 0001650164-26-000145
Toast, Inc. · TOST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Fredette
Officer — President · Director
Period of report
Jul 1, 2026
Accepted (ET)
Jul 6, 2026 · 4:41 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001650164
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jul 1, 2026 | M | 5,697 | — | A | 926,682 | D | |
| Class A Common StockF1 | Jul 1, 2026 | M | 5,651 | — | A | 932,333 | D | |
| Class A Common StockF1 | Jul 1, 2026 | M | 3,859 | — | A | 936,192 | D | |
| Class A Common StockF1 | Jul 1, 2026 | M | 4,403 | — | A | 940,595 | D | |
| Class A Common Stock | Jul 2, 2026 | S | 9,146 | $28.849 | D | 931,449 | D | |
| Class A Common Stock | holding | — | — | — | 66,896 | I | By the Fredette Family Nominee Trust | |
| Class A Common Stock | holding | — | — | — | 1,718,029 | I | By the SHFA 2021 Nominee Trust | |
| Class A Common Stock | holding | — | — | — | 224,853 | I | By the SHFA Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Jul 1, 2026 | M | 5,697 | D | — | — | Class A Common Stock | 5,697 | 17,093 | D |
| Restricted Stock UnitsF1,F4 | — | Jul 1, 2026 | M | 5,651 | D | — | — | Class A Common Stock | 5,651 | 39,560 | D |
| Restricted Stock UnitsF1,F5 | — | Jul 1, 2026 | M | 3,859 | D | — | — | Class A Common Stock | 3,859 | 42,443 | D |
| Restricted Stock UnitsF1,F6 | — | Jul 1, 2026 | M | 4,403 | D | — | — | Class A Common Stock | 4,403 | 66,049 | D |
Explanation of responses
- F1The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- F2Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.
- F3The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.
- F4The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.
- F5The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.
- F6The RSUs shall vest in sixteen equal quarterly installments following April 1, 2026.
Remarks
As of the date of this Form 4, the Reporting Person also owns an aggregate of 25,722,670 shares of the Class B common stock of the Issuer. Each share of Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.