United States
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant
to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed
Pursuant to § 240.13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
Toast, Inc.
(Name of Issuer)
Class A Common Stock, par value of $0.000001 per share
(Title of Class of Securities)
888787108
(CUSIP Number)
December 31, 2023
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1 | Names of Reporting Persons
Aman Narang | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
United States | |||||
Number of Shares Beneficially Owned by Each Reporting Person With | 5 | Sole Voting Power
23,457,618 | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
23,457,618 | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
23,457,618 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
5.2% | |||||
| 12 | Type of Reporting Person
IN | |||||
| ITEM 1. | (a) Name of Issuer: |
Toast, Inc. (the “Issuer”).
| (b) | Address of Issuer’s Principal Executive Offices: |
401 Park Drive, Boston, Massachusetts 02215
| ITEM 2. | (a) Name of Person Filing: |
This statement is filed on behalf of Aman Narang (the “Reporting Person”).
| (b) | Address or Principal Business Office: |
The business address of the Reporting Person is 401 Park Drive, Boston, Massachusetts 02215.
| (c) | Citizenship of each Reporting Person is: |
The Reporting Person is a citizen of the United States.
| (d) | Title of Class of Securities: |
Class A Common Stock, par value of $0.000001 per share (“Class A Common Stock”).
| (e) | CUSIP Number: |
888787108
| ITEM 3. |
Not applicable.
| ITEM 4. | Ownership. |
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.
| (a) | Amount beneficially owned: |
The Reporting Person is deemed to be the beneficial owner of 23,457,618 shares of Class A Common Stock, which includes: (i) 1,151,519 shares of Class A Common Stock held of record by the Reporting Person; (ii) 18,912,840 shares of Class A Common Stock issuable upon conversion of 18,912,840 shares of Class B Common Stock held of record by the Reporting Person; (iii) 9,109 shares of Class A Common Stock held in a trust over which the Reporting Person has beneficial ownership; (iv) 11,411 shares of Class A Common Stock underlying restricted stock units that will vest within 60 days of December 31, 2023; and (v) 3,372,739 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.
| (b) | Percent of class: 5.2% |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: 23,457,618 |
| (ii) | Shared power to vote or direct the vote: 0 |
| (iii) | Sole power to dispose or to direct the disposition of: 23,457,618 |
| (iv) | Shared power to dispose or to direct the disposition of: 0 |
| ITEM 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
| ITEM 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.
| ITEM 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. |
Not applicable.
| ITEM 8. | Identification and Classification of Members of the Group. |
Not applicable.
| ITEM 9. | Notice of Dissolution of Group. |
Not applicable.
| ITEM 10. | Certification. |
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2024
| Aman Narang |
| /s/ Monica Kleinman, as Attorney-in-Fact for Aman Narang |
