Aman Narang - 03 May 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role: COO & Co-President, Director, 10%+ Owner
Signature: /s/ Monica Kleinman, as Attorney-in-Fact
Issuer symbol: TOST
Transactions as of: 03 May 2022
Net transactions value: -$19,115
Form type: 4
Filing time: 05 May 2022, 18:54:39 UTC
Previous filing: 03 May 2022
Next filing: 06 Jul 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	Sale	$19,115	-989	-0.04%	$19.33	2,554,624	03 May 2022	Direct	F1
holding	TOST	Class A Common Stock						15,075	03 May 2022	By the Narang Family Irrevocable Trust FBO Vijay and Madhu Narang
holding	TOST	Class A Common Stock						170,000	03 May 2022	By the Narang Family Irrevocable Trust FBO Fitzgerald Family
holding	TOST	Class A Common Stock						79,624	03 May 2022	By the Narang Family Irrevocable Trust FBO Varun Narang
holding	TOST	Class A Common Stock						55,816	03 May 2022	By the Narang Family Irrevocable Trust FBO Lia Narang
holding	TOST	Class A Common Stock						55,816	03 May 2022	By the Narang Family Irrevocable Trust FBO Noah Narang

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

Explanation of Responses:

Id	Content
F1	Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and does not represent a discretionary trade by the Reporting Person.

Remarks:

As of the date of this Form 4, the Reporting Person also owns 18,912,840 shares of the Class B common stock of the Issuer. Each share of Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.