ITEM 1. |
(a) Name of Issuer: |
Toast, Inc. (the Issuer).
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(b) |
Address of Issuers Principal Executive Offices: |
401 Park Drive, Boston, Massachusetts 02215
ITEM 2. |
(a) Name of Person Filing: |
This statement is filed on behalf of Jonathan Grimm (the Reporting Person).
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(b) |
Address or Principal Business Office: |
The business address of the Reporting Person is 401 Park Drive, Boston, Massachusetts 02215.
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(c) |
Citizenship of each Reporting Person is: |
The Reporting Person is a citizen of the United States.
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(d) |
Title of Class of Securities: |
Class A Common Stock, par value of $0.000001 per share (Class A Common Stock).
888787108
Not applicable.
The ownership information below represents beneficial ownership of Class A Common Stock of the Issuer as of December 31, 2023, based upon 428,652,264
shares of Class A Common Stock outstanding as of December 31, 2023, as provided by the Issuer. The information below assumes the conversion of the Class B common stock, par value $0.000001 per share (Class B Common
Stock) of the Issuer held by the Reporting Person into shares of Class A Common Stock of the Issuer on a one-to-one basis.
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(a) |
Amount beneficially owned: |
The Reporting Person is deemed to be the beneficial owner of 23,530,515 shares of Class A Common Stock, which includes: (i) 30,259 shares
of Class A Common Stock held of record by the Reporting Person; (ii) 1,955,490 shares of Class A Common Stock held in a trust over which the Reporting Person has beneficial ownership; (iii) 19,880,167 shares of Class A Common Stock
issuable upon conversion of 19,880,167 shares of Class B Common Stock held in trusts over which the Reporting Person has beneficial ownership; (iv) 5,714 shares of Class A Common Stock underlying restricted stock units that will vest
within 60 days of December 31, 2023; and (v) 1,658,885 shares of Class A Common Stock, including shares issuable upon conversion of shares of Class B Common Stock, subject to stock options exercisable within 60 days of
December 31, 2023 by the Reporting Person.
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(b) |
Percent of class: 5.2% |