David Yuan - May 12, 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role: Director
Signature: /s/ David Yuan
Stock symbol: TOST
Transactions as of: May 12, 2023
Transactions value $: $12,534,400
Form type: 4
Date filed: 5/16/2023, 06:36 PM
Previous filing: Jun 3, 2022
Next filing: Jun 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOST	Class A common stock	Purchase	$6.06M	+306K		$19.82	306K	May 12, 2023	See footnote	F1, F2
transaction	TOST	Class A common stock	Purchase	$3.48M	+176K		$19.82	176K	May 12, 2023	See footnote	F1, F3
transaction	TOST	Class A common stock	Purchase	$365K	+18.4K		$19.82	18.4K	May 12, 2023	See footnote	F1, F4
transaction	TOST	Class A common stock	Purchase	$1.61M	+82.6K	+27%	$19.44	389K	May 15, 2023	See footnote	F2, F5
transaction	TOST	Class A common stock	Purchase	$922K	+47.4K	+27%	$19.44	223K	May 15, 2023	See footnote	F3, F5
transaction	TOST	Class A common stock	Purchase	$96.6K	+4.97K	+27%	$19.44	23.4K	May 15, 2023	See footnote	F4, F5

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.24 to $20.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2	The shares are held directly by Tidemark Fund I LP. The reporting person is the sole controlling member of the general partner of the general partner of Tidemark Fund I LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F3	The shares are held directly by Tidemark Fund I-A LP. The reporting person is the sole controlling member of the general partner of the general partner of Tidemark Fund I-A LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F4	The shares are held directly by Tidemark Executive Fund I LP. The reporting person is the sole controlling member of the general partner of the general partner of Tidemark Executive Fund I LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F5	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $19.40 to $19.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.