Michael James Matlock - Feb 1, 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Principal Accounting Officer
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Michael James Matlock
Stock symbol
TOST
Transactions as of
Feb 1, 2024
Transactions value $
$0
Form type
4
Date filed
2/2/2024, 05:35 PM
Previous filing
Jan 17, 2024
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Options Exercise +15.6K +47.23% 48.7K Feb 1, 2024 Direct F1
transaction TOST Class A Common Stock Options Exercise +978 +2.01% 49.7K Feb 1, 2024 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 -15.6K -12.5% $0.00 109K Feb 1, 2024 Class A Common Stock 15.6K Direct F1, F2
transaction TOST Restricted Stock Units Options Exercise $0 -978 -11.11% $0.00 7.83K Feb 1, 2024 Class A Common Stock 978 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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% shall vest on November 1, 2022, with the remainder vesting in equal quarterly installments of 6.25% over the following three years.
F3 The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.