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

Role
Chief Financial Officer
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Elena Gomez
Stock symbol
TOST
Transactions as of
Oct 1, 2023
Transactions value $
$0
Form type
4
Date filed
10/3/2023, 04:34 PM
Previous filing
Aug 3, 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 +23.4K +17.22% 160K Oct 1, 2023 Direct F1
transaction TOST Class A Common Stock Options Exercise +6.33K +3.97% 166K Oct 1, 2023 Direct F1

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 -23.4K -14.29% $0.00 141K Oct 1, 2023 Class A Common Stock 23.4K 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.