Christopher P. Comparato - 19 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
19 Aug 2022
Net transactions value
$0
Form type
4
Filing time
19 Aug 2022, 17:02:33 UTC
Previous filing
03 Aug 2022
Next filing
21 Sep 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 +165,000 +14% 1,325,530 19 Aug 2022 By the Comparato Family Holdings Trust dated July 27, 2018 F1, F2
holding TOST Class A Common Stock 322,272 19 Aug 2022 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 Class B Common Stock Conversion of derivative security $0 -165,000 -2.5% $0.000000 6,416,890 19 Aug 2022 Class A Common Stock 165,000 By the Comparato Family Holdings Trust dated July 27, 2018 F1, F2
holding TOST Class B Common Stock 2,359,840 19 Aug 2022 Class A Common Stock 2,359,840 Direct F2
holding TOST Class B Common Stock 200,000 19 Aug 2022 Class A Common Stock 200,000 EAC Irrevocable Trust F2
holding TOST Class B Common Stock 200,000 19 Aug 2022 Class A Common Stock 200,000 CEC Irrevocable Trust F2
holding TOST Class B Common Stock 200,000 19 Aug 2022 Class A Common Stock 200,000 SCC Irrevocable Trust F2
* 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 Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.