Technology Investment Dining Group, LLC - May 12, 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role
10%+ Owner
Signature
TECHNOLOGY INVESTMENT DINING GROUP, LLC, By: /s/ Steven Papa, Managing Member
Stock symbol
TOST
Transactions as of
May 12, 2022
Transactions value $
-$43,738,875
Form type
4
Date filed
5/16/2022, 08:00 PM
Previous filing
Mar 18, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Sale -$1.4M -96.7K -0.41% $14.46 23.5M May 12, 2022 Direct F1, F2
transaction TOST Class A Common Stock Sale -$3.49M -250K -1.06% $13.96 23.3M May 12, 2022 Direct F2, F3
transaction TOST Class A Common Stock Sale -$7.17M -500K -2.15% $14.33 22.8M May 12, 2022 Direct F2, F4
transaction TOST Class A Common Stock Sale -$3.44M -250K -1.1% $13.76 22.5M May 12, 2022 Direct F2, F5
transaction TOST Class A Common Stock Sale -$7.16M -500K -2.22% $14.31 22M May 12, 2022 Direct F2, F6
transaction TOST Class A Common Stock Sale -$7.15M -500K -2.27% $14.29 21.5M May 12, 2022 Direct F2, F7
transaction TOST Class A Common Stock Sale -$6.93M -500K -2.32% $13.85 21M May 12, 2022 Direct F2, F8
transaction TOST Class A Common Stock Sale -$3.55M -250K -1.19% $14.20 20.8M May 12, 2022 Direct F2, F9
transaction TOST Class A Common Stock Sale -$3.47M -250K -1.2% $13.88 20.5M May 12, 2022 Direct F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.360 to $15.359 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The shares are held directly by Technology Investment Dining Group, LLC. These shares are owned indirectly by Steven Papa by virtue of him being the managing member of Technology Investment Dining Group, LLC.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.570 to $14.569 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.850 to $14.849 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.460 to $14.459 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.180 to $15.179 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.190 to $15.189 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.480 to $14.479 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.000 to $14.999 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.830 to $14.829 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.