Mark J. Hawkins - 24 Sep 2021 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Brian R. Elworthy, as Attorney-in-Fact
Issuer symbol
TOST
Transactions as of
24 Sep 2021
Net transactions value
+$66,680
Form type
4
Filing time
27 Sep 2021, 21:27:41 UTC
Previous filing
21 Sep 2021
Next filing
29 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Common Stock Other -52,790 -100% 0 24 Sep 2021 Direct F1, F2
transaction TOST Class A Common Stock Purchase $66,680 +1,667 $40.00 1,667 24 Sep 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TOST Class B Common Stock Other $0 +52,790 $0.000000 52,790 24 Sep 2021 Class A Common Stock 52,790 Direct F1, F2
transaction TOST Restricted Stock Units Other $0 -105,580 -100% $0.000000* 0 24 Sep 2021 Common Stock 105,580 Direct F1, F3, F4
transaction TOST Restricted Stock Units Other $0 +105,580 $0.000000 105,580 24 Sep 2021 Class B Common Stock 105,580 Direct F1, F2, F3, F4
transaction TOST Restricted Stock Units Other $0 -9,550 -100% $0.000000* 0 24 Sep 2021 Common Stock 9,550 Direct F1, F3, F5
transaction TOST Restricted Stock Units Other $0 +9,550 $0.000000 9,550 24 Sep 2021 Class B Common Stock 9,550 Direct F1, F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
F2 Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.
F3 Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement.
F4 The RSUs shall vest shall vest in two equal annual installments: 50% on April 27, 2022 and 50% on April 27, 2023.
F5 The RSUs shall vest in full on May 1, 2022.