Technology Crossover Management X, Ltd. - Sep 24, 2021 Form 4 Insider Report for Toast, Inc. (TOST)

Role
May be part of a 13(d) group, 10%+ Owner
Signature
/s/ Frederic D. Fenton, Authorized Signatory for Technology Crossover Management X, Ltd.
Stock symbol
TOST
Transactions as of
Sep 24, 2021
Transactions value $
$25,000,000
Form type
4
Date filed
10/29/2021, 09:03 PM
Previous filing
Oct 29, 2021
Next filing
Oct 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Purchase $25M +625K $40.00 625K Sep 24, 2021 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 462,137 shares of Class A common stock held directly by TCV X, L.P., 114,602 shares of Class A common stock held directly by TCV X (A), L.P., 22,531 shares of Class A common stock held directly by TCV X (B), L.P. and 25,730 shares of Class A common stock held directly by TCV X Member Fund, L.P.
F2 Technology Crossover Management X, Ltd. ("Management X") is the sole general partner of Technology Crossover Management X, L.P. ("TCM"), which in turn is the sole general partner of TCV X, L.P., TCV X (A), L.P. and TCV X (B), L.P. Management X is also the general partner of TCV X Member Fund, L.P.
F3 Each of the entities described above are referred to herein as "Reporting Persons." Each Reporting Person disclaims Section 16 beneficial ownership of the shares reported herein except to the extent of its respective pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose.

Remarks:

Exhibit 99.1 (Signatures and Joint Filer Information), incorporated herein by reference.