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

Role
COO & Co-President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Aman Narang
Issuer symbol
TOST
Transactions as of
10 Mar 2023
Net transactions value
$0
Form type
4
Filing time
14 Mar 2023, 16:44:32 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 1,735,700 10 Mar 2023 Direct
holding TOST Class A Common Stock 9,109 10 Mar 2023 The Narang Family 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 +304,321 $0.000000 304,321 10 Mar 2023 Class A Common Stock 304,321 $17.33 Direct F1
transaction TOST Restricted Stock Units Award $0 +101,288 $0.000000 101,288 10 Mar 2023 Class A Common Stock 101,288 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 18,912,840 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.