| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TOST | Class A Common Stock | Conversion of derivative security | $0 | 0 | $0.00* | 0 | Feb 27, 2024 | See footnotes | F1, F2, F5 | |
| transaction | TOST | Class A Common Stock | Sale | $0 | 0 | $0.00* | 0 | Feb 27, 2024 | See footnotes | F3, F5 | |
| transaction | TOST | Class A Common Stock | Sale | $0 | 0 | $0.00* | 0 | Feb 28, 2024 | See footnotes | F4, F5 | |
| transaction | TOST | Class A Common Stock | Sale | $0 | 0 | $0.00* | 0 | Feb 29, 2024 | See footnotes | F5, F6 | |
| holding | TOST | Class A Common Stock | 408K | Feb 27, 2024 | Direct | F7, F8, F9 |
| 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 | 0 | $0.00* | 0 | Feb 27, 2024 | Class A Common Stock | 0 | See footnotes | F1, F2, F6, F9 |
| Id | Content |
|---|---|
| F1 | Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation. |
| F2 | Represents 95,176 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), 76,252 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional, L.P. ("Bessemer Institutional", and together with Bessemer IX, the "Bessemer IX Funds") as well as 31,268 Class B Common Stock to Class A common Stock by Bessemer Venture Partners Century Fund L.P. ("Bessemer Century") and 197,304 Class B Common Stock to Class A common Stock by Bessemer Venture Partners Century Fund Institutional L.P. ("Bessemer Century Institutional", and together with Bessemer Century, the "Bessemer Century Funds"). |
| F3 | On February 27, 2024, Bessemer IX, Bessemer Institutional, Bessemer Century, and Bessemer Century Institutional sold 23,794, 19,063, 7,817, and 49,326 shares of Class A Common Stock of Toast, Inc, respectively, at a weighted average price of $22.02. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.10. 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 sold at each separate price within the ranges set forth in this footnote. |
| F4 | On February 28, 2024, Bessemer IX, Bessemer Institutional, Bessemer Century, and Bessemer Century Institutional sold 71,382, 57,189, 23,451, and 147,978 shares of Class A Common Stock of Toast, Inc, respectively, at a weighted average price of $22.53. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.93. 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 sold at each separate price within the ranges set forth in this footnote. |
| F5 | On February 29, 2024, Bessemer IX, Bessemer Institutional, Bessemer Century, and Bessemer Century Institutional sold 88,060, 70,548, 28,931, and 182,545 shares of Class A Common Stock of Toast, Inc, respectively, at a weighted average price of $23.11. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.51. 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 sold at each separate price within the ranges set forth in this footnote. |
| F6 | The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer IX Funds and the Bessemer Century Funds by virtue of his interest in (1) Deer IX & Co. L.P., the general partner of the Bessemer IX Funds, and (2) Deer X & Co. L.P., the general partner of the Bessemer Century Funds and (3) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer IX Funds and the Bessemer Century Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer IX Funds and Bessemer Century Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. |
| F7 | Includes 11,292 Class A Common Stock received by the Reporting Person related to equity grants issued by the Company. 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. |
| F8 | These shares are held directly by the reporting person. |
| F9 | As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 7,870,437 shares of Class B Common Stock, 6,349,184 shares of Class B Common Stock, 331,107 shares of Class B Common Stock, and 2,089,272 shares of Class B Common Stock, respectively. |