Toast, Inc. — Director's Dealing 2021

Oct 30, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2021-09-21

Reporting Person: Technology Crossover Management X, Ltd. (N/A)
Reporting Person: Technology Crossover Management X, L.P. (N/A)
Reporting Person: TCV X, L.P. (N/A)
Reporting Person: TCV X (A), L.P. (N/A)
Reporting Person: TCV X (B), L.P. (N/A)
Reporting Person: TCV X Member Fund, L.P. (N/A)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (26057515)		Indirect

Footnotes

F1: Each share of the Issuer's Class B common stock (the "Class B Stock") is convertible into one share of the Issuer's Class A common stock at any time at the option of the holder or automatically upon the occurrence of certain transfers and on the earlier of (i) the date that is seven years from the date of the filing and effectiveness of the Issuer's amended and restated certificate of incorporation in Delaware, prior to the closing of the Issuer's initial public offering, or (ii) the date the holders of at least two-thirds of the Issuer's outstanding Class B Stock elect to convert the Class B Stock to Class A common stock.

F2: Includes 19,262,630 shares of Class B Stock held directly by TCV X, L.P., 4,776,800 shares of Class B Stock held directly by TCV X (A), L.P., 939,125 shares of Class B Stock held directly by TCV X (B), L.P. and 1,078,960 shares of Class B Stock held directly by TCV X Member Fund, L.P.

F3: Technology Crossover Management X, Ltd. ("Management X") is the sole general partner of Technology Crossover Management X, L.P. ("TCM"), which in turn is the sole general partner of TCV X, L.P., TCV X (A), L.P. and TCV X (B), L.P. Management X is also the general partner of TCV X Member Fund, L.P.

F4: Each of the entities described above are referred to herein as "Reporting Persons." Each Reporting Person disclaims Section 16 beneficial ownership of the shares reported herein except to the extent of its respective pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose.