Brian R. Elworthy - Aug 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
Aug 1, 2023
Transactions value $
-$13,961
Form type
4
Date filed
8/3/2023, 04:25 PM
Previous filing
Jul 6, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Options Exercise +2.15K +0.58% 376K Aug 1, 2023 Direct F1
transaction TOST Class A Common Stock Sale -$14K -673 -0.18% $20.74 375K Aug 2, 2023 Direct F2
holding TOST Class A Common Stock 78.7K Aug 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 -2.15K -9.09% $0.00 21.5K Aug 1, 2023 Class A Common Stock 2.15K 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.