Toast, Inc. — Director's Dealing 2021

Sep 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2021-09-24

Reporting Person: Gomez Elena (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-24	Stock Option (Right to Buy)	$15.27	J	1875000	Disposed	2031-03-22	Common Stock (1875000)	Direct
2021-09-24	Stock Option (Right to Buy)	$15.27	J	1875000	Acquired	2031-03-22	Class B Common Stock (1875000)	Direct
2021-09-24	Restricted Stock Units	$	J	375000	Disposed	2028-03-22	Common Stock (375000)	Direct
2021-09-24	Restricted Stock Units	$	J	375000	Acquired	2028-03-22	Class B Common Stock (375000)	Direct

Footnotes

F1: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2: Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.

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: Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis 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.