Aman Narang - 01 Apr 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: 01 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 04 Apr 2023, 16:48:16 UTC
Previous filing: 14 Mar 2023
Next filing: 05 Apr 2023
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	Options Exercise		+1,565	+0.09%		1,737,265	01 Apr 2023	Direct	F1
holding	TOST	Class A Common Stock						9,109	01 Apr 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	Restricted Stock Units	Options Exercise	$0	-1,565	-11%	$0.000000	12,500	01 Apr 2023	Class A Common Stock	1,565		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2	The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.

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.