Brian R. Elworthy - 01 Jul 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
General Counsel
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Brian R. Elworthy
Issuer symbol
TOST
Transactions as of
01 Jul 2024
Net transactions value
-$65,977
Form type
4
Filing time
03 Jul 2024, 16:39:03 UTC
Previous filing
03 May 2024
Next filing
05 Aug 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 +1,250 +0.76% 165,634 01 Jul 2024 Direct F1
transaction TOST Class A Common Stock Options Exercise +3,481 +2.1% 169,115 01 Jul 2024 Direct F1
transaction TOST Class A Common Stock Options Exercise +3,989 +2.4% 173,104 01 Jul 2024 Direct F1
transaction TOST Class A Common Stock Sale $65,977 -2,573 -1.5% $25.64 170,531 03 Jul 2024 Direct F2
holding TOST Class A Common Stock 78,736 01 Jul 2024 By the Brian R. Elworthy Irrevocable Trust of 2019

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 -1,250 -20% $0.000000 5,000 01 Jul 2024 Class A Common Stock 1,250 Direct F1, F3
transaction TOST Restricted Stock Units Options Exercise $0 -3,481 -8.3% $0.000000 38,300 01 Jul 2024 Class A Common Stock 3,481 Direct F1, F4
transaction TOST Restricted Stock Units Options Exercise $0 -3,989 -6.2% $0.000000 59,837 01 Jul 2024 Class A Common Stock 3,989 Direct F1, F5
* 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 as follows: 25% on July 1, 2022, with remainder vesting in equal quarterly installments over the following three years.
F4 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.
F5 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.