PATRICK DEVAL L - 27 Oct 2021 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Deval L. Patrick
Issuer symbol
TOST
Transactions as of
27 Oct 2021
Net transactions value
$0
Form type
4
Filing time
29 Oct 2021, 16:03:37 UTC
Previous filing
27 Sep 2021
Next filing
04 Nov 2021
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 1,667 27 Oct 2021 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 Other $0 -22,930 -100% $0.000000* 0 27 Oct 2021 Class B Common Stock 22,930 Direct F1, F2, F3
transaction TOST Restricted Stock Units Other $0 +22,930 $0.000000 22,930 27 Oct 2021 Class A Common Stock 22,930 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the voluntary conversion described in footnote 2 below, the outstanding Restricted Stock Units ("RSUs") convertible into Class B Common Stock remain unchanged, except that the RSUs are now convertible into Class A Common Stock upon vesting and settlement.
F2 Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock on a one-for-one basis.
F3 The RSUs shall vest shall vest in three equal annual installments over three years following February 22, 2021.