Elena Gomez - 01 Jul 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role: Chief Financial Officer
Signature: /s/ Monica Kleinman as Attorney-in-Fact for Elena Gomez
Issuer symbol: TOST
Transactions as of: 01 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Jul 2023, 16:15:26 UTC
Previous filing: 03 Oct 2023
Next filing: 06 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		+23,435	+20%		142,944	01 Jul 2023	Direct	F1
transaction	TOST	Class A Common Stock	Options Exercise		+6,330	+4.4%		149,274	01 Jul 2023	Direct	F1

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	-23,435	-12%	$0.000000	164,065	01 Jul 2023	Class A Common Stock	23,435		Direct	F1, F2
transaction	TOST	Restricted Stock Units	Options Exercise	$0	-6,330	-6.2%	$0.000000	94,958	01 Jul 2023	Class A Common Stock	6,330		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	The 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.
F3	The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.