Brian R. Elworthy - 01 May 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: 01 May 2022
Net transactions value: $0
Form type: 4
Filing time: 03 May 2022, 19:14:42 UTC
Previous filing: 17 Mar 2022
Next filing: 05 May 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	Options Exercise		+2,151	+0.5%		436,520	01 May 2022	Direct	F1
holding	TOST	Class A Common Stock						103,736	01 May 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	Restricted Stock Units	Options Exercise	$0	-2,151	-6.2%	$0.000000	32,276	01 May 2022	Class A Common Stock	2,151		Direct	F1, F2

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

Explanation of Responses:

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