Richard Kent Bennett - 08 Jun 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role: Director
Signature: /s/ Kent Bennett
Issuer symbol: TOST
Transactions as of: 08 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 12 Jun 2023, 18:18:42 UTC
Previous filing: 06 Jun 2023
Next filing: 20 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TOST	Class A Common Stock						12,082	08 Jun 2023	Direct

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	Award	$0	+11,593		$0.000000	11,593	08 Jun 2023	Class A Common Stock	11,593	$0.000000	See Footnotes	F1, F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2	The RSUs shall vest in full on the earlier of 1) June 8, 2024 and 2) the next annual meeting of the Issuer's stockholders following the grant date.
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.