Stephen Fredette - 15 Mar 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Co-President, Director
Signature
/s/ Monica Kleinman, as Attorney-in-Fact
Issuer symbol
TOST
Transactions as of
15 Mar 2022
Net transactions value
$0
Form type
4
Filing time
17 Mar 2022, 16:34:47 UTC
Previous filing
07 Mar 2022
Next filing
05 Apr 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 Gift $0 +23,287 +0.54% $0.000000 4,302,772 11 Mar 2022 Direct F1
holding TOST Class A Common Stock 419,991 15 Mar 2022 By the SHFA Family Trust
holding TOST Class A Common Stock 2,303,442 15 Mar 2022 By the SHFA 2021 Nominee Trust F1
holding TOST Class A Common Stock 37,500 15 Mar 2022 By the Fredette Family Nominee Trust

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 Stock Option (Right to Buy) Award $0 +306,358 $0.000000 306,358 15 Mar 2022 Class A Common Stock 306,358 $17.38 Direct F2
transaction TOST Restricted Stock Units Award $0 +56,336 $0.000000 56,336 15 Mar 2022 Class A Common Stock 56,336 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 23,287 shares of Class A Common Stock transferred from the SHFA 2021 Nominee Trust to the Reporting Person in connection with an annual GRAT distribution.
F2 The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following February 1, 2022.
F3 Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F4 The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.