Aman Narang - 01 Jan 2025 Form 4 Insider Report for Toast, Inc. (TOST)

Role
CEO, Director
Signature
/s/ Monica Kleinman as Attorney-in-Fact for Aman Narang
Issuer symbol
TOST
Transactions as of
01 Jan 2025
Net transactions value
$0
Form type
4
Filing time
03 Jan 2025, 16:37:35 UTC
Previous filing
17 Dec 2024
Next filing
06 Jan 2025
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 +1,560 +0.6% 260,639 01 Jan 2025 Direct F1
transaction TOST Class A Common Stock Options Exercise +6,330 +2.4% 266,969 01 Jan 2025 Direct F1
transaction TOST Class A Common Stock Options Exercise +12,597 +4.7% 279,566 01 Jan 2025 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 -1,560 -50% $0.000000 1,565 01 Jan 2025 Class A Common Stock 1,560 Direct F1, F2
transaction TOST Restricted Stock Units Options Exercise $0 -6,330 -10% $0.000000 56,975 01 Jan 2025 Class A Common Stock 6,330 Direct F1, F3
transaction TOST Restricted Stock Units Options Exercise $0 -12,597 -7.1% $0.000000 163,766 01 Jan 2025 Class A Common Stock 12,597 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 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.
F4 The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.

Remarks:

As of the date of this Form 4, the Reporting Person also owns 18,912,840 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.