Michael James Matlock - Oct 27, 2021 Form 4 Insider Report for Toast, Inc. (TOST)

Role: Principal Accounting Officer
Signature: /s/ Monica Kleinman as Attorney-in-Fact for Michael James Matlock
Stock symbol: TOST
Transactions as of: Oct 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/28/2021, 04:12 PM
Previous filing: Oct 15, 2021
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TOST	Class A Common Stock						0	Oct 27, 2021	Direct

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	Award	$0	+250K		$0.00	250K	Oct 27, 2021	Class A Common Stock	250K	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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% shall vest on November 1, 2022, with the remainder vesting in equal quarterly installments of 6.25% over the following three years.