Brian R. Elworthy - 01 May 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: 01 May 2023
Net transactions value: -$11,497
Form type: 4
Filing time: 03 May 2023, 16:44:32 UTC
Previous filing: 05 Apr 2023
Next filing: 05 Jul 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		+2,152	+0.58%		371,245	01 May 2023	Direct	F1
transaction	TOST	Class A Common Stock	Sale	$11,497	-670	-0.18%	$17.16	370,575	02 May 2023	Direct	F2
holding	TOST	Class A Common Stock						78,736	01 May 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	Restricted Stock Units	Options Exercise	$0	-2,152	-8.3%	$0.000000	23,669	01 May 2023	Class A Common Stock	2,152		Direct	F1, F3

* 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	Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.
F3	The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.