James Michael Matlock - 27 Oct 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
Issuer symbol: TOST
Transactions as of: 27 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 28 Oct 2021, 16:12:16 UTC
Previous filing: 15 Oct 2021
Next filing: 17 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TOST	Class A Common Stock						0	27 Oct 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	+250,000		$0.000000	250,000	27 Oct 2021	Class A Common Stock	250,000	$0.000000	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.