Stephen Fredette - Mar 11, 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Co-President, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Stephen Fredette
Stock symbol
TOST
Transactions as of
Mar 11, 2024
Transactions value $
$0
Form type
4
Date filed
3/12/2024, 04:32 PM
Previous filing
Feb 6, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TOST Class A Common Stock 2.83M Mar 11, 2024 Direct
holding TOST Class A Common Stock 420K Mar 11, 2024 By the SHFA Family Trust
holding TOST Class A Common Stock 37.5K Mar 11, 2024 By the Fredette Family Nominee Trust
holding TOST Class A Common Stock 2.3M Mar 11, 2024 By the SHFA 2021 Nominee Trust

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 Stock Option (Right to Buy) Award $0 +166K $0.00 166K Mar 11, 2024 Class A Common Stock 166K $24.65 Direct F1
transaction TOST Restricted Stock Units Award $0 +90.4K $0.00 90.4K Mar 11, 2024 Class A Common Stock 90.4K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2024.
F2 Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F3 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 25,972,670 shares of the Class B common stock of the Issuer. Each share of Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.