Michael James Matlock - 02 Feb 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Signature
/s/ Monica Kleinman as Attorney-in-Fact for Michael James Matlock
Issuer symbol
TOST
Transactions as of
02 Feb 2024
Net transactions value
-$184,235
Form type
4
Filing time
06 Feb 2024, 16:55:14 UTC
Previous filing
02 Feb 2024
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Sale $108,674 -5,804 -12% $18.72 43,884 02 Feb 2024 Direct F1
transaction TOST Class A Common Stock Sale $75,561 -4,151 -9.5% $18.20 39,733 05 Feb 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 24, 2023.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.98 to $18.38, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.