Jonathan Vassil - 01 Jul 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Chief Revenue Officer
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Jonathan Vassil
Issuer symbol
TOST
Transactions as of
01 Jul 2024
Net transactions value
-$120,825
Form type
4
Filing time
03 Jul 2024, 16:36:28 UTC
Previous filing
28 May 2024
Next filing
16 Jul 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 +4,748 +18% 31,645 01 Jul 2024 Direct F1
transaction TOST Class A Common Stock Options Exercise +4,986 +16% 36,631 01 Jul 2024 Direct F1
transaction TOST Class A Common Stock Sale $120,825 -4,712 -13% $25.64 31,919 02 Jul 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 -4,748 -8.3% $0.000000 52,227 01 Jul 2024 Class A Common Stock 4,748 Direct F1, F3
transaction TOST Restricted Stock Units Options Exercise $0 -4,986 -6.2% $0.000000 74,797 01 Jul 2024 Class A Common Stock 4,986 Direct F1, F4
* 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.
F4 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.