Stephen Fredette - Mar 10, 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Co-President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Stephen Fredette
Stock symbol
TOST
Transactions as of
Mar 10, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 04:40 PM
Previous filing
Feb 16, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TOST Class A Common Stock 3.54M Mar 10, 2023 Direct
holding TOST Class A Common Stock 420K Mar 10, 2023 By the SHFA Family Trust
holding TOST Class A Common Stock 37.5K Mar 10, 2023 By the Fredette Family Nominee Trust
holding TOST Class A Common Stock 2.3M Mar 10, 2023 By the SHFA 2021 Nominee Trust

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 Stock Option (Right to Buy) Award $0 +274K $0.00 274K Mar 10, 2023 Class A Common Stock 274K $17.33 Direct F1
transaction TOST Restricted Stock Units Award $0 +91.2K $0.00 91.2K Mar 10, 2023 Class A Common Stock 91.2K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2023.
F2 Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F3 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 25,972,670 shares of the Class B common stock of the Issuer. Each share of Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.