Christopher P. Comparato - Aug 1, 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Chief Executive Officer, Director
Signature
/s/ Monica Kleinman, as Attorney-in-Fact for Christopher P. Comparato
Stock symbol
TOST
Transactions as of
Aug 1, 2023
Transactions value $
-$50,698
Form type
4
Date filed
8/3/2023, 04:26 PM
Previous filing
Jul 19, 2023
Next filing
Aug 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Options Exercise +7.83K +2.45% 328K Aug 1, 2023 Direct F1
transaction TOST Class A Common Stock Sale -$50.7K -2.44K -0.75% $20.74 325K Aug 2, 2023 Direct F2

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 -7.83K -9.09% $0.00 78.2K Aug 1, 2023 Class A Common Stock 7.83K 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.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 9,008,280 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.