Christopher P. Comparato - 20 Aug 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Brian Elworthy as Attorney-in-Fact for Christopher P. Comparato
Issuer symbol
TOST
Transactions as of
20 Aug 2024
Net transactions value
-$2,282,744
Form type
4
Filing time
21 Aug 2024, 16:39:44 UTC
Previous filing
05 Aug 2024
Next filing
18 Sep 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 $152,000 +100,000 +83% $1.52 220,107 20 Aug 2024 Direct F1
transaction TOST Class A Common Stock Sale $2,397,194 -98,500 -45% $24.34 121,607 20 Aug 2024 Direct F1, F2
transaction TOST Class A Common Stock Sale $37,550 -1,500 -1.2% $25.03 120,107 20 Aug 2024 Direct F1, F3

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) Options Exercise $0 -100,000 -16% $0.000000 520,000 20 Aug 2024 Class A Common Stock 100,000 $1.52 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 1, 2024.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.845, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.005 to $25.06, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
F4 The shares subject to this option are fully vested and exercisable as of the date hereof.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 9,008,280 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.