Richard Kent Bennett - 02 Jun 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role: Director
Signature: /s/ Kent Bennett
Issuer symbol: TOST
Transactions as of: 02 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Jun 2023, 09:09:35 UTC
Previous filing: 25 May 2023
Next filing: 12 Jun 2023
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		+11,292	+1429%		12,082	02 Jun 2023	Direct	F1

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	-11,292	-100%	$0.000000^*	0	02 Jun 2023	Class A Common Stock	11,292	$0.000000	Direct	F1, F2, F3, F4

* 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 vested in full on June 2, 2023.
F3	Not Applicable.
F4	The Reporting Person has agreed to assign to Deer Management Co. LLC the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.