Technology Investment Dining Group, LLC - Jul 21, 2023 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
Jul 21, 2023
Transactions value $
$0
Form type
4
Date filed
7/25/2023, 06:39 PM
Previous 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 Conversion of derivative security $0 +31.7M +513.52% $0.00 37.8M Jul 21, 2023 Direct F1, F2

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 Class B Common Stock Conversion of derivative security $0 -31.7M -100% $0.00* 0 Jul 21, 2023 Class A Common Stock 31.7M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Technology Investment Dining Group, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock on a one-for-one basis. Following the voluntary conversion of Class B Common Stock reported in Table I, the Reporting Person is no longer a 10% Owner.
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.