Brian R. Elworthy - 01 Jan 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role: General Counsel
Signature: /s/ Monica Kleinman as Attorney-in-Fact for Brian R. Elworthy
Issuer symbol: TOST
Transactions as of: 01 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 03 Jan 2024, 17:25:14 UTC
Previous filing: 03 Nov 2023
Next filing: 04 Jan 2024
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		+1,250	+0.33%		381,428	01 Jan 2024	Direct	F1
transaction	TOST	Class A Common Stock	Options Exercise		+3,482	+0.91%		384,910	01 Jan 2024	Direct	F1
holding	TOST	Class A Common Stock						78,736	01 Jan 2024	By the Brian R. Elworthy Irrevocable Trust of 2019

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	-1,250	-14%	$0.000000	7,500	01 Jan 2024	Class A Common Stock	1,250		Direct	F1, F2
transaction	TOST	Restricted Stock Units	Options Exercise	$0	-3,482	-7.1%	$0.000000	45,263	01 Jan 2024	Class A Common Stock	3,482		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 July 1, 2022, with 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.