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

Role: Co-President, Director
Signature: /s/ Monica Kleinman, as Attorney-in-Fact
Stock symbol: TOST
Transactions as of: Mar 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/17/2022, 04:34 PM
Previous filing: Mar 7, 2022
Next filing: Apr 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOST	Class A Common Stock	Gift	$0	+23.3K	+0.54%	$0.00	4.3M	Mar 11, 2022	Direct	F1
holding	TOST	Class A Common Stock						420K	Mar 15, 2022	By the SHFA Family Trust
holding	TOST	Class A Common Stock						2.3M	Mar 15, 2022	By the SHFA 2021 Nominee Trust	F1
holding	TOST	Class A Common Stock						37.5K	Mar 15, 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	+306K		$0.00	306K	Mar 15, 2022	Class A Common Stock	306K	$17.38	Direct	F2
transaction	TOST	Restricted Stock Units	Award	$0	+56.3K		$0.00	56.3K	Mar 15, 2022	Class A Common Stock	56.3K		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.