Elena Gomez - 27 Oct 2021 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Chief Financial Officer
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Elena Gomez
Issuer symbol
TOST
Transactions as of
27 Oct 2021
Net transactions value
$0
Form type
4
Filing time
29 Oct 2021, 16:22:22 UTC
Previous filing
27 Sep 2021
Next filing
17 Mar 2022
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 0 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 Stock Option (Right to Buy) Other $0 -1,875,000 -100% $0.000000* 0 27 Oct 2021 Class B Common Stock 1,875,000 $15.27 Direct F1, F2, F3
transaction TOST Stock Option (Right to Buy) Other $0 +1,875,000 $0.000000 1,875,000 27 Oct 2021 Class A Common Stock 1,875,000 $15.27 Direct F1, F2, F3
transaction TOST Restricted Stock Units Other $0 -375,000 -100% $0.000000* 0 27 Oct 2021 Class B Common Stock 375,000 Direct F1, F4, F5
transaction TOST Restricted Stock Units Other $0 +375,000 $0.000000 375,000 27 Oct 2021 Class A Common Stock 375,000 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock on a one-for-one basis.
F2 In connection with the voluntary conversion described in footnote 1, the outstanding options to purchase shares of Class B Common Stock remain unchanged, expect that they now represent the option to purchase Class A Common Stock.
F3 20% of the shares subject to this option shall vest and become exercisable on March 8, 2022, with the remainder vesting in sixteen equal quarterly installments thereafter.
F4 In connection with the voluntary conversion described in footnote 1, 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.
F5 The RSUs shall vest as follows: 25% shall vest on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.