Brian R. Elworthy - 01 Jul 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 Jul 2023
Net transactions value
$0
Form type
4
Filing time
05 Jul 2023, 16:16:35 UTC
Previous filing
03 May 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 +1,250 +0.34% 371,825 01 Jul 2023 Direct F1
transaction TOST Class A Common Stock Options Exercise +3,481 +0.94% 375,306 01 Jul 2023 Direct F1
holding TOST Class A Common Stock 78,736 01 Jul 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 -1,250 -11% $0.000000 10,000 01 Jul 2023 Class A Common Stock 1,250 Direct F1, F2
transaction TOST Restricted Stock Units Options Exercise $0 -3,481 -6.2% $0.000000 52,227 01 Jul 2023 Class A Common Stock 3,481 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 July 1, 2022, with 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.