Michael James Matlock - 01 Feb 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
Issuer symbol
TOST
Transactions as of
01 Feb 2024
Net transactions value
$0
Form type
4
Filing time
02 Feb 2024, 17:35:09 UTC
Previous filing
17 Jan 2024
Next filing
06 Feb 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 +15,625 +47% 48,710 01 Feb 2024 Direct F1
transaction TOST Class A Common Stock Options Exercise +978 +2% 49,688 01 Feb 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 -15,625 -12% $0.000000 109,375 01 Feb 2024 Class A Common Stock 15,625 Direct F1, F2
transaction TOST Restricted Stock Units Options Exercise $0 -978 -11% $0.000000 7,825 01 Feb 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.