Jonathan Vassil - Jan 1, 2024 Form 3 Insider Report for Toast, Inc. (TOST)

Role
Chief Revenue Officer
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Jonathan Vassil
Stock symbol
TOST
Transactions as of
Jan 1, 2024
Transactions value $
$0
Form type
3
Date filed
1/3/2024, 05:19 PM
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TOST Class A Common Stock 18K Jan 1, 2024 Direct

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
holding TOST Stock Option (Right to Buy) Jan 1, 2024 Class A Common Stock 497K $0.52 Direct F1
holding TOST Stock Option (Right to Buy) Jan 1, 2024 Class A Common Stock 455K $2.21 Direct F2
holding TOST Stock Option (Right to Buy) Jan 1, 2024 Class A Common Stock 255K $17.38 Direct F3
holding TOST Stock Option (Right to Buy) Jan 1, 2024 Class A Common Stock 228K $17.33 Direct F4
holding TOST Stock Option (Right to Buy) Jan 1, 2024 Class A Common Stock 252K $2.07 Direct F5
holding TOST Restricted Stock Units Jan 1, 2024 Class A Common Stock 26.4K Direct F6, F7
holding TOST Restricted Stock Units Jan 1, 2024 Class A Common Stock 66.5K Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares subject to this option are fully vested as of the date hereof.
F2 The shares subject to this option shall vest in twenty equal quarterly installments over five years following April 21, 2020.
F3 The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following February 1, 2022.
F4 The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2023.
F5 The shares subject to this option are fully vested as of the date hereof, except for 15,000 shares that shall vest on March 1, 2024.
F6 The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.
F7 The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F8 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.

Remarks:

Exhibit 24 - Power of Attorney