Michael James Matlock - 01 Apr 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 Apr 2024
Net transactions value
-$28,192
Form type
4
Filing time
03 Apr 2024, 16:52:00 UTC
Previous filing
18 Mar 2024
Next filing
17 Apr 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 +3,166 +8.1% 42,159 01 Apr 2024 Direct F1
transaction TOST Class A Common Stock Sale $28,192 -1,205 -2.9% $23.40 40,954 02 Apr 2024 Direct F2

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 -3,166 -7.7% $0.000000 37,983 01 Apr 2024 Class A Common Stock 3,166 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2 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.
F3 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.