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EdgarHawk

Fredette Stephen

President

Director Officer
13 filings analyzed · 1 company · Latest 2025-05-13

Companies

Company Buys Sells Direction
Toast, Inc. TOST 0 51 Net selling

Activity

May 2025
2025-05-13 Toast, Inc. TOST
high
Sell
896,494 shares
$37,298,094
Significance 7/10

President Stephen Fredette sold 896,494 shares (896.5K shares) of TOST for $37,298,093.58 ($37.3M) in 12 separate transactions on 2025-05-09 and 2025-05-12, reducing holdings by 79.9%.

Fredette executed a substantial divestiture, selling 896.5K shares across 12 separate transactions at blended average price $41.60, reducing his holdings from 1,121,347 shares to 224,853 shares—a 79.9% reduction. The timing is notable: the stock is currently at $43.96, up 29.0% over the prior 30 days and at the 52-week high, suggesting he sold into strength. His prior five trades at TOST (all sells on 2025-03-17 and 2025-03-19) each showed negative 30-day returns (-2.4% and -2.1%), but the current sale followed a sharp 30-day rally. The cross-ticker track record shows an average 90-day return of +29.7% after his prior 20 sells, indicating he has generally sold before upside moves rather than downside declines. This large sale near the company's 52-week highs, combined with the substantial reduction in personal holdings, represents material realignment of his equity stake in Toast.

March 2025
2025-03-21 Toast, Inc. TOST
medium
Sell
109,713 shares
$3,855,898
Significance 5/10

Toast President Stephen Fredette sold 109,713 shares ($3.9M) in 3 transactions on 2025-03-19 at $35.15 blended average.

Stephen Fredette, Toast's President, executed 3 separate sales totaling 109,713 shares for $3,855,898.31 at a blended average price of $35.15 on 2025-03-19, reducing his holdings by 7.3% from 1,511,845 to 1,402,132 shares. The current stock price of $35.19 sits 19.2% below the 52-week high of $43.54 and has declined 12.0% over the past 30 days. Notably, Fredette's cross-ticker track record shows a 0.00% well-timed rate across 20 prior sells, meaning his historical sales have not preceded declines, though his 5 recent trades at TOST (3 on 2025-03-17 and 2 on 2025-03-07) lack yet-measurable outcomes. The company posted 28.3% annual revenue growth and generated $56.0M in net income on $1.3B quarterly revenue, though the extreme 1173.00 P/E ratio merits independent scrutiny.

2025-03-19 Toast, Inc. TOST
medium
Sell
118,060 shares
$4,135,655
Significance 5/10

President Fredette sells 118.1K shares at $35.03 for $4.1M; reduces stake by -23.9% at price -19.4% from 52-week high

Stephen Fredette, President of Toast, sold 118,060 shares across 3 separate transactions on 2025-03-17, raising $4,135,654.67 at a blended average price of $35.03 per share. His post-transaction holdings of 375,119 shares represent a -23.9% reduction from his 493,179 pre-transaction position. The sale occurred when TOST's stock price was -19.4% below its 52-week high of $43.54, suggesting execution during a pullback period. His cross-ticker track record shows a 0.00% well-timed rate on prior sells (20 prior sales), meaning those sales were followed by positive 90-day returns—he sold and the stocks subsequently rose. At TOST specifically, his 5 prior trades remain outcomes-unmeasurable (all filed very recently in March 2025), providing no established timing pattern at this ticker.

2025-03-11 Toast, Inc. TOST
high
Sell
175,851 shares
$5,955,733
Significance 7/10

TOST President Fredette sells 175,851 shares across 9 transactions for $5,955,732.86 on 2025-03-07

Fredette Stephen, President of Toast, executed 9 separate sales totaling 175,851 shares for $5,955,732.86, reducing his holdings by -30.9% from 569,464 to 393,613 shares. The sales occurred at prices ranging from $32.58 to $34.64 with a blended average of $33.87, while the stock currently trades at $33.45, down -18.6% over 30 days and -23.2% from its 52-week high of $43.54. At the same ticker (TOST), Fredette's prior 5 sales recorded positive 90-day returns (ranging from +6.6% to +39.8%), meaning the stock rose after each prior sale; his historical timing pattern at TOST shows 0 of 5 prior sells were well-timed at the 90-day mark. The substantial reduction in position size combined with recent negative price momentum and a history of sales followed by stock appreciation warrants attention from investors monitoring insider positioning.

October 2024
2024-10-18 Toast, Inc. TOST
low
Sell
40,459 shares
$1,175,010
Significance 4/10

President Fredette sold 40,459 shares of Toast at $29.04 on 2024-10-16, reducing holdings by 2.4% to 1,631,387 shares ($1.2M value).

Fredette's sale of 40,459 shares represents a modest 2.4% reduction in his 1.67M-share position at Toast. The transaction occurred at $29.04, just below the current price of $30.32 and near the 52-week high, in a period when the stock has appreciated 15.2% over 30 days and 11.6% over 90 days. His cross-ticker track record shows a 100.00% well-timed sell rate (17 prior sales with a 90-day average return of -27.6%), suggesting consistent pattern recognition in exit timing. At the company level, Toast reported revenue of $1,242,000,000.00 with net income of $14,000,000.00 in the latest quarter, though the company was unprofitable over its most recent full fiscal year despite 41.5% annual revenue growth, indicating the business remains in a high-growth but not-yet-profitable phase.

2024-10-15 Toast, Inc. TOST
medium
Sell
54,560 shares
$1,588,187
Significance 5/10

President Stephen Fredette sold 54.6K TOST shares at $29.11 on 2024-10-10 (total value: $1,588,187.04)

Fredette sold 54,560 shares at $29.11, representing a 3.0% reduction of his pre-transaction holdings of 1,795,301 shares. The transaction occurred near the 52-week high of $28.98, with the stock trading at $28.73 currently and up 9.7% over 30 days. His cross-ticker track record shows a 100.00% well-timed rate for prior sells (16 trades), though outcomes on those specific TOST trades from late September and early October 2024 are not yet measurable at the 90-day mark. Against this backdrop of strong recent price momentum and a company growing revenue at +41.5% year-over-year, the sale's significance is tempered by the fact that Fredette retains substantial ownership of 1,740,741 shares post-transaction.

2024-10-10 Toast, Inc. TOST
medium
Sell
46,167 shares
$1,339,651
Significance 5/10

President Fredette sells 46,167 TOST shares across 2 transactions (Oct 8–9) for $1,339,651.16; retains 1.80M shares

Fredette Stephen (President) executed 2 separate sales totaling 46,167 shares for $1,339,651.16, reducing his position by 2.5% from 1.84M to 1.80M shares. The sales occurred at $29.00 and $29.02 per share on October 8–9, near the stock's 52-week high of $28.98, with the stock up 22.0% over the prior 30 days and 14.6% over 90 days. His cross-ticker track record shows 100.00% well-timed sell rate across 15 prior open-market sells (average 90-day return of -27.6%), though no prior trades at TOST have yet reached the 90-day mark for outcome measurement. The company reported $1.2B in quarterly revenue with 41.5% annual growth but remains unprofitable on a full-year basis, which may contextualize the timing of shares sold near a cyclical high.

2024-10-01 Toast, Inc. TOST
high
Sell
182,116 shares
$5,201,295
Significance 6/10

TOST President Fredette sells 182,116 shares ($5.2M) in 3 transactions; stock at 52-week high

Stephen Fredette, President of Toast, Inc., executed 3 separate sales totaling 182,116 shares for $5,201,295.05 between September 18 and September 30, 2024, with a blended average price of $28.56. This represents a 9.0% reduction in his post-transaction holdings to 1,834,066 shares, and the sales occurred as TOST traded at its 52-week high of $28.56, having gained 14.9% over 30 days and 12.8% over 90 days. Notably, the Form 4 filing shows 5 prior sales at TOST within the preceding days (September 18–24), establishing a concentrated selling pattern near the peak of a recent rally; his cross-ticker track record shows a 100.00% well-timed rate on sells with an average 90-day return of -27.6%, suggesting a pattern of exiting positions before downturns. The company, while growing revenue at +41.5% annually, remains unprofitable on a full-year basis, creating a backdrop where sustained momentum at all-time highs may merit closer scrutiny of insider conviction.

September 2024
2024-09-26 Toast, Inc. TOST
medium
Sell
19,627 shares
$549,576
Significance 5/10

Fredette (TOST President) sold 19,627 shares at $28.00 on 2024-09-24; held 2.08M shares post-sale.

Fredette sold 19,627 shares at $28.00, reducing holdings by 0.9% to 2,078,682 shares. This sale occurs against a backdrop of recent frequent trades at TOST: five prior trades across Sept 12–23, all sales, with outcomes not yet measurable. His cross-ticker track record shows a 100% well-timed rate on prior sells (10 trades, avg 90d return -27.6%), though this metric reflects outcomes measured after those prior transactions and does not yet apply to this Sept 24 sale. The stock has risen 10.4% over 30 days and 6.0% over 90 days, currently trading at $27.33, near the 52-week high of $27.99. TOST fundamentals show strong revenue growth of 41.5% year-over-year to $1.2B quarterly revenue, offset by a full-year net loss despite the $14.0M net income in the latest quarter.

2024-09-24 Toast, Inc. TOST
medium
Sell
152,295 shares
$4,169,336
Significance 5/10

Toast President Fredette sold 152,295 shares for $4.2M at $27.38 avg (Sept 20–23) as stock hits 52-week high

Stephen Fredette, President of Toast, executed 2 separate sales totaling 152,295 shares for $4,169,336.07 on 2024-09-20 and 2024-09-23. The sales occurred as TOST reached its 52-week high of $27.99, coinciding with a +18.2% surge over the prior 30 days and +8.8% over 90 days. His post-transaction holdings remain substantial at 2,098,309 shares (2.10M shares), representing a -6.8% reduction versus his prior position of 2,250,604 shares. This transaction occurs against a backdrop of strong recent company performance (revenue growth of +41.5% annually, quarterly revenue of $1,242,000,000.00), though Toast remains unprofitable on a full-year basis with net income of $14,000,000.00 in the latest quarter against negative full-year net income.

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