Brian R. Elworthy - 15 Mar 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role: General Counsel
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, 16:36:16 UTC
Previous filing: 14 Feb 2022
Next filing: 03 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TOST	Class A Common Stock						434,369	15 Mar 2022	Direct
holding	TOST	Class A Common Stock						103,736	15 Mar 2022	By the Brian R. Elworthy Irrevocable Trust of 2019

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	+187,219		$0.000000	187,219	15 Mar 2022	Class A Common Stock	187,219	$17.38	Direct	F1
transaction	TOST	Restricted Stock Units	Award	$0	+34,427		$0.000000	34,427	15 Mar 2022	Class A Common Stock	34,427		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following February 1, 2022.
F2	Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F3	The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.