Michael James Matlock - 01 Aug 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role: Principal Accounting Officer
Signature: /s/ Monica Kleinman as Attorney-in-Fact for Michael James Matlock
Issuer symbol: TOST
Transactions as of: 01 Aug 2022
Net transactions value: -$5,420
Form type: 4
Filing time: 03 Aug 2022, 17:58:39 UTC
Previous filing: 05 May 2022
Next filing: 03 Nov 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		+978	+166%		1,568	01 Aug 2022	Direct	F1
transaction	TOST	Class A Common Stock	Sale	$5,420	-351	-22%	$15.44	1,217	02 Aug 2022	Direct	F2

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	-978	-6.7%	$0.000000	13,693	01 Aug 2022	Class A Common Stock	978		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	The 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.