Christopher P. Comparato - 01 Oct 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Monica Kleinman, as Attorney-in-Fact for Christopher P. Comparato
Issuer symbol
TOST
Transactions as of
01 Oct 2024
Transactions value $
$0
Form type
4
Date filed
03 Oct 2024, 16:58
Previous filing
18 Sep 2024
Next filing
18 Oct 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 +3.13K +2.6% 123K 01 Oct 2024 Direct F1
transaction TOST Class A Common Stock Options Exercise +11.4K +9.25% 135K 01 Oct 2024 Direct F1

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 -3.13K -33.33% $0.00 6.25K 01 Oct 2024 Class A Common Stock 3.13K Direct F1, F2
transaction TOST Restricted Stock Units Options Exercise $0 -11.4K -9.09% $0.00 114K 01 Oct 2024 Class A Common Stock 11.4K 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 The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.
F3 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.

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.