Brian R. Elworthy - 02 Jun 2025 Form 4 Insider Report for Toast, Inc. (TOST)

Role
General Counsel
Signature
/s/ Xing Yan as Attorney-in-Fact for Brian R. Elworthy
Issuer symbol
TOST
Transactions as of
02 Jun 2025
Net transactions value
-$13,844,800
Form type
4
Filing time
03 Jun 2025, 17:04:21 UTC
Previous filing
05 May 2025
Next filing
02 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Elworthy Brian R General Counsel TOAST, INC., 333 SUMMER STREET, BOSTON /s/ Xing Yan as Attorney-in-Fact for Brian R. Elworthy 03 Jun 2025 0001869299

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Options Exercise $114,000 +75,000 +35% $1.52 291,156 02 Jun 2025 Direct F1
transaction TOST Class A Common Stock Options Exercise $497,250 +225,000 +77% $2.21 516,156 02 Jun 2025 Direct F1
transaction TOST Class A Common Stock Sale $5,046,921 -119,794 -23% $42.13 396,362 02 Jun 2025 Direct F1, F2
transaction TOST Class A Common Stock Sale $7,731,919 -180,206 -45% $42.91 216,156 02 Jun 2025 Direct F1, F3
transaction TOST Class A Common Stock Sale $659,841 -15,652 -20% $42.16 63,084 02 Jun 2025 By the Brian R. Elworthy Irrevocable Trust of 2019 F1, F4
transaction TOST Class A Common Stock Sale $1,017,369 -23,716 -38% $42.90 39,368 02 Jun 2025 By the Brian R. Elworthy Irrevocable Trust of 2019 F1, F5

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 -75,000 -100% $0.000000 0 02 Jun 2025 Class A Common Stock 75,000 $1.52 Direct F1, F6
transaction TOST Stock Option (Right to Buy) Options Exercise $0 -225,000 -56% $0.000000 179,755 02 Jun 2025 Class A Common Stock 225,000 $2.21 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 26, 2025.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.59 to $42.58 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 $42.59 to $43.18 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.60 to $42.595 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.60 to $43.18 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.
F6 The shares subject to this option are fully vested and exercisable as of the date hereof.