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

Role
CEO, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Aman Narang
Issuer symbol
TOST
Transactions as of
11 Mar 2024
Net transactions value
$0
Form type
4
Filing time
12 Mar 2024, 16:37:55 UTC
Previous filing
06 Feb 2024
Next filing
18 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TOST Class A Common Stock 1,159,029 11 Mar 2024 Direct
holding TOST Class A Common Stock 9,109 11 Mar 2024 The Narang Family 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 +370,363 $0.000000 370,363 11 Mar 2024 Class A Common Stock 370,363 $24.65 Direct F1
transaction TOST Restricted Stock Units Award $0 +201,557 $0.000000 201,557 11 Mar 2024 Class A Common Stock 201,557 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 18,912,840 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.