David Yuan - Jun 6, 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role: Director
Signature: /s/ Monica Kleinman as Attorney-in-Fact for David Yuan
Stock symbol: TOST
Transactions as of: Jun 6, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/10/2024, 04:37 PM
Previous filing: Jun 12, 2023
Next filing: Nov 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOST	Class A Common Stock	Options Exercise	$0	+11.6K	+77.26%	$0.00	26.6K	Jun 6, 2024	Direct	F1, F2
holding	TOST	Class A Common Stock						223K	Jun 6, 2024	See footnote	F3
holding	TOST	Class A Common Stock						389K	Jun 6, 2024	See footnote	F4
holding	TOST	Class A Common Stock						23.4K	Jun 6, 2024	See footnote	F5

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	-11.6K	-100%	$0.00^*	0	Jun 6, 2024	Class A Common Stock	11.6K	$0.00	Direct	F1, F6, F7
transaction	TOST	Restricted Stock Units	Award	$0	+9.71K		$0.00	9.71K	Jun 6, 2024	Class A Common Stock	9.71K	$0.00	Direct	F1, F7, F8

* 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	Includes 3,714 shares of Class A Common Stock received in a prior distribution in-kind from Tidemark Capital made in accordance with the exemptions afforded by Rule 16a-13 and Rule 16a-9 of the Securities Exchange Act of 1934, as amended.
F3	The shares are held directly by Tidemark Fund I-A LP. The reporting person is the sole controlling member of the general partner of the general partner of Tidemark Fund I-A LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F4	The shares are held directly by Tidemark Fund I LP. The reporting person is the sole controlling member of the general partner of the general partner of Tidemark Fund I LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F5	The shares are held directly by Tidemark Executive Fund I LP. The reporting person is the sole controlling member of the general partner of the general partner of Tidemark Executive Fund I LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F6	The RSUs vested in full on June 6, 2024.
F7	Not Applicable.
F8	The RSUs shall vest in full on the earlier of 1) June 6, 2025 and 2) the next annual meeting of the Issuer's stockholders following the grant date.