Aman Narang - 11 Jan 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role
COO & Co-President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Aman Narang
Issuer symbol
TOST
Transactions as of
11 Jan 2022
Net transactions value
-$8,955,606
Form type
4
Filing time
13 Jan 2022, 16:51:42 UTC
Previous filing
11 Jan 2022
Next filing
14 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Sale $5,927,586 -197,400 -13% $30.03 1,355,500 11 Jan 2022 Direct F1, F2
transaction TOST Class A Common Stock Sale $3,028,020 -100,000 -7.4% $30.28 1,255,500 12 Jan 2022 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 16, 2021.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.14 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.875 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 20,764,171 shares of the Class B common stock of the Issuer. Each share of Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.