Toast, Inc. — Director's Dealing 2021

Oct 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2021-10-27

Reporting Person: Gomez Elena (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-27	Stock Option (Right to Buy)	$15.27	J	1875000	Disposed	2031-03-22	Class B Common Stock (1875000.0)	Direct
2021-10-27	Stock Option (Right to Buy)	$15.27	J	1875000	Acquired	2031-03-22	Class A Common Stock (1875000.0)	Direct
2021-10-27	Restricted Stock Units	$	J	375000	Disposed	2028-03-22	Class B Common Stock (375000.0)	Direct
2021-10-27	Restricted Stock Units	$	J	375000	Acquired	2028-03-22	Class A Common Stock (375000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	0	Direct

Footnotes

F1: Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock on a one-for-one basis.

F2: In connection with the voluntary conversion described in footnote 1, the outstanding options to purchase shares of Class B Common Stock remain unchanged, expect that they now represent the option to purchase Class A Common Stock.

F3: 20% of the shares subject to this option shall vest and become exercisable on March 8, 2022, with the remainder vesting in sixteen equal quarterly installments thereafter.

F4: In connection with the voluntary conversion described in footnote 1, the outstanding Restricted Stock Units ("RSUs") convertible into Class B Common Stock remain unchanged, except that the RSUs are now convertible into Class A Common Stock upon vesting and settlement.

F5: The RSUs shall vest as follows: 25% shall vest on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.