Mark J. Hawkins - 27 Oct 2021 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Mark J. Hawkins
Issuer symbol
TOST
Transactions as of
27 Oct 2021
Net transactions value
$0
Form type
4
Filing time
29 Oct 2021, 16:24:57 UTC
Previous filing
27 Sep 2021
Next filing
29 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Conversion of derivative security $0 +52,790 +3167% $0.000000 54,457 27 Oct 2021 Direct F1

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 Class B Common Stock Conversion of derivative security $0 -52,790 -100% $0.000000* 0 27 Oct 2021 Class A Common Stock 52,790 Direct F1
transaction TOST Restricted Stock Units Other $0 -105,580 -100% $0.000000* 0 27 Oct 2021 Class B Common Stock 105,580 Direct F1, F2, F3
transaction TOST Restricted Stock Units Other $0 +105,580 $0.000000 105,580 27 Oct 2021 Class A Common Stock 105,580 Direct F1, F2, F3
transaction TOST Restricted Stock Units Other $0 -9,550 -100% $0.000000* 0 27 Oct 2021 Class B Common Stock 9,550 Direct F1, F2, F4
transaction TOST Restricted Stock Units Other $0 +9,550 $0.000000 9,550 27 Oct 2021 Class A Common Stock 9,550 Direct F1, F2, F4
* 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 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.
F3 The RSUs shall vest in two equal annual installments: 50% on April 27, 2022 and 50% on April 27, 2023.
F4 The RSUs shall vest in full on May 1, 2022.