Christopher P. Comparato - 01 Aug 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role: Chief Executive Officer, Director
Signature: /s/ Monica Kleinman as Attorney-in-Fact for Christopher P. Comparato
Issuer symbol: TOST
Transactions as of: 01 Aug 2022
Transactions value $: -$36,703
Form type: 4
Filing time: 03 Aug 2022, 17:46:47
Previous filing: 06 Jul 2022
Next filing: 19 Aug 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	Options Exercise		+7.83K	+2.47%		325K	01 Aug 2022	Direct	F1
transaction	TOST	Class A Common Stock	Sale	-$36.7K	-2.38K	-0.73%	$15.44	322K	02 Aug 2022	Direct	F2
holding	TOST	Class A Common Stock						1.16M	01 Aug 2022	By the Comparato Family Holdings Trust dated July 27, 2018

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	Options Exercise	$0	-7.83K	-6.67%	$0.00	110K	01 Aug 2022	Class A Common Stock	7.83K	$0.00	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2	Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.
F3	The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 9,541,730 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.