Brian R. Elworthy - Jul 1, 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role
General Counsel
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Brian R. Elworthy
Stock symbol
TOST
Transactions as of
Jul 1, 2023
Transactions value $
$0
Form type
4
Date filed
7/5/2023, 04:16 PM
Previous filing
May 3, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Options Exercise +1.25K +0.34% 372K Jul 1, 2023 Direct F1
transaction TOST Class A Common Stock Options Exercise +3.48K +0.94% 375K Jul 1, 2023 Direct F1
holding TOST Class A Common Stock 78.7K Jul 1, 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 -1.25K -11.11% $0.00 10K Jul 1, 2023 Class A Common Stock 1.25K Direct F1, F2
transaction TOST Restricted Stock Units Options Exercise $0 -3.48K -6.25% $0.00 52.2K Jul 1, 2023 Class A Common Stock 3.48K 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.