BlackRock (NYSE: BLK) discloses 47.9M Toast (TOST) shares, a 9.3% holding

BlackRock, Inc. has filed a Schedule 13G, disclosing a beneficial ownership of 47,877,343 shares of Toast, Inc. (TOST) Class A stock, which represents a 9.3% stake in the company. The filing indicates BlackRock holds sole voting power over 45,336,086 shares and sole dispositive power over all 47,877,343 shares, with no shared voting or dispositive power. The disclosure specifies that while various BlackRock business units and their clients benefit from these holdings, no single client holds more than five percent of Toast's outstanding common shares.