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

Role: Chief Financial Officer
Signature: /s/ Monica Kleinman as Attorney-in-Fact for Elena Gomez
Stock symbol: TOST
Transactions as of: Oct 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/29/2021, 04:22 PM
Previous filing: Sep 27, 2021
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TOST	Class A Common Stock						0	Oct 27, 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	-1.88M	-100%	$0.00^*	0	Oct 27, 2021	Class B Common Stock	1.88M	$15.27	Direct	F1, F2, F3
transaction	TOST	Stock Option (Right to Buy)	Other	$0	+1.88M		$0.00	1.88M	Oct 27, 2021	Class A Common Stock	1.88M	$15.27	Direct	F1, F2, F3
transaction	TOST	Restricted Stock Units	Other	$0	-375K	-100%	$0.00^*	0	Oct 27, 2021	Class B Common Stock	375K		Direct	F1, F4, F5
transaction	TOST	Restricted Stock Units	Other	$0	+375K		$0.00	375K	Oct 27, 2021	Class A Common Stock	375K		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.