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
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		+165K	+14.22%		1.33M	19 Aug 2022	By the Comparato Family Holdings Trust dated July 27, 2018	F1, F2
holding	TOST	Class A Common Stock						322K	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	-165K	-2.51%	$0.00	6.42M	19 Aug 2022	Class A Common Stock	165K		By the Comparato Family Holdings Trust dated July 27, 2018	F1, F2
holding	TOST	Class B Common Stock						2.36M	19 Aug 2022	Class A Common Stock	2.36M		Direct	F2
holding	TOST	Class B Common Stock						200K	19 Aug 2022	Class A Common Stock	200K		EAC Irrevocable Trust	F2
holding	TOST	Class B Common Stock						200K	19 Aug 2022	Class A Common Stock	200K		CEC Irrevocable Trust	F2
holding	TOST	Class B Common Stock						200K	19 Aug 2022	Class A Common Stock	200K		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.