Aman Narang - 01 Oct 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
Issuer symbol
TOST
Transactions as of
01 Oct 2023
Net transactions value
$0
Form type
4
Filing time
03 Oct 2023, 16:28:11 UTC
Previous filing
19 Sep 2023
Next filing
05 Oct 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 +1,565 +0.14% 1,145,114 01 Oct 2023 Direct F1
transaction TOST Class A Common Stock Options Exercise +6,331 +0.55% 1,151,445 01 Oct 2023 Direct F1
holding TOST Class A Common Stock 9,109 01 Oct 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 -1,565 -14% $0.000000 9,375 01 Oct 2023 Class A Common Stock 1,565 Direct F1, F2
transaction TOST Restricted Stock Units Options Exercise $0 -6,331 -6.7% $0.000000 88,627 01 Oct 2023 Class A Common Stock 6,331 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.