Brian R. Elworthy - 10 Mar 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role: General Counsel
Signature: /s/ Monica Kleinman as Attorney-in-Fact for Brian R. Elworthy
Issuer symbol: TOST
Transactions as of: 10 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Mar 2023, 16:43:23 UTC
Previous filing: 16 Feb 2023
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TOST	Class A Common Stock						368,214	10 Mar 2023	Direct
holding	TOST	Class A Common Stock						78,736	10 Mar 2023	By the Brian R. Elworthy Irrevocable Trust of 2019

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	+167,376		$0.000000	167,376	10 Mar 2023	Class A Common Stock	167,376	$17.33	Direct	F1
transaction	TOST	Restricted Stock Units	Award	$0	+55,708		$0.000000	55,708	10 Mar 2023	Class A Common Stock	55,708		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.