Christopher P. Comparato - Mar 3, 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Chief Executive Officer, Director
Signature
/s/ Monica Kleinman, as Attorney-in-Fact
Stock symbol
TOST
Transactions as of
Mar 3, 2022
Transactions value $
$0
Form type
4
Date filed
3/7/2022, 03:32 PM
Previous filing
Nov 24, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Conversion of derivative security +300K 300K Mar 3, 2022 Direct F1, F2
transaction TOST Class A Common Stock Conversion of derivative security +254K +28.05% 1.16M Mar 3, 2022 By the Comparato Family Holdings Trust dated July 27, 2018 F1, F2

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 Conversion of derivative security $0 -300K -11.28% $0.00 2.36M Mar 3, 2022 Class A Common Stock 300K Direct F1, F2
transaction TOST Class B Common Stock Conversion of derivative security $0 -254K -3.72% $0.00 6.58M Mar 3, 2022 Class A Common Stock 254K By the Comparato Family Holdings Trust dated July 27, 2018 F1, F2
transaction TOST Restricted Stock Units Other $0 -50K -100% $0.00* 0 Mar 3, 2022 Class B Common Stock 50K Direct F1, F3, F4
transaction TOST Restricted Stock Units Other $0 +50K $0.00 50K Mar 3, 2022 Class A Common Stock 50K Direct F1, F3, F4
holding TOST Class B Common Stock 200K Mar 3, 2022 Class A Common Stock 200K By the CEC Irrevocable Trust F2
holding TOST Class B Common Stock 200K Mar 3, 2022 Class A Common Stock 200K By the EAC Irrevocable Trust F2
holding TOST Class B Common Stock 200K Mar 3, 2022 Class A Common Stock 200K By the SCC Irrevocable Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock on a one-for-one basis.
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 In connection with the voluntary conversion described in footnote 1, the outstanding Restricted Stock Units ("RSUs") convertible into Class B Common Stock remain unchanged, except that the RSUs are now convertible into Class A Common Stock upon vesting and settlement.
F4 The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.