Aman Narang - Oct 1, 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role
COO & Co-President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Aman Narang
Stock symbol
TOST
Transactions as of
Oct 1, 2023
Transactions value $
$0
Form type
4
Date filed
10/3/2023, 04:28 PM
Previous filing
Sep 19, 2023
Next filing
Oct 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Options Exercise +1.57K +0.14% 1.15M Oct 1, 2023 Direct F1
transaction TOST Class A Common Stock Options Exercise +6.33K +0.55% 1.15M Oct 1, 2023 Direct F1
holding TOST Class A Common Stock 9.11K Oct 1, 2023 The Narang Family Trust

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 -1.57K -14.31% $0.00 9.38K Oct 1, 2023 Class A Common Stock 1.57K Direct F1, F2
transaction TOST Restricted Stock Units Options Exercise $0 -6.33K -6.67% $0.00 88.6K Oct 1, 2023 Class A Common Stock 6.33K 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.

Remarks:

As of the date of this Form 4, the Reporting Person also owns 18,912,840 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.