Brian R. Elworthy - 31 Dec 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
31 Dec 2024
Net transactions value
+$50,266
Form type
4
Filing time
03 Jan 2025, 16:39:10 UTC
Previous filing
05 Nov 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 $50,266 +22,745 +13% $2.21 201,727 31 Dec 2024 Direct
transaction TOST Class A Common Stock Options Exercise +1,250 +0.62% 202,977 01 Jan 2025 Direct F1
transaction TOST Class A Common Stock Options Exercise +3,482 +1.7% 206,459 01 Jan 2025 Direct F1
transaction TOST Class A Common Stock Options Exercise +3,989 +1.9% 210,448 01 Jan 2025 Direct F1
holding TOST Class A Common Stock 78,736 31 Dec 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 Stock Option (Right to Buy) Options Exercise $0 -22,745 -5.3% $0.000000 404,755 31 Dec 2024 Class A Common Stock 22,745 $2.21 Direct F2
transaction TOST Restricted Stock Units Options Exercise $0 -1,250 -33% $0.000000 2,500 01 Jan 2025 Class A Common Stock 1,250 Direct F1, F3
transaction TOST Restricted Stock Units Options Exercise $0 -3,482 -10% $0.000000 31,336 01 Jan 2025 Class A Common Stock 3,482 Direct F1, F4
transaction TOST Restricted Stock Units Options Exercise $0 -3,989 -7.1% $0.000000 51,859 01 Jan 2025 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 The shares subject to this option shall vest in twenty equal quarterly installments over five years following April 21, 2020.
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.