Technology Investment Dining Group, LLC - Jun 23, 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
Jun 23, 2022
Transactions value $
-$35,671,119
Form type
4
Date filed
6/27/2022, 08:00 PM
Previous filing
May 27, 2022
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Sale -$4.27M -285K -2.59% $14.97 10.7M Jun 23, 2022 Direct F1, F2
transaction TOST Class A Common Stock Sale -$3.85M -263K -2.46% $14.63 10.5M Jun 23, 2022 Direct F2, F3
transaction TOST Class A Common Stock Sale -$22.5M -1.5M -14.34% $15.02 8.96M Jun 24, 2022 Direct F2, F4
transaction TOST Class A Common Stock Sale -$5.02M -341K -3.81% $14.72 8.62M Jun 27, 2022 Direct F2, F5
* 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 $14.620 to $15.130 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 $14.300 to $14.850 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 $14.730 to $15.280 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 $14.330 to $15.035 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.