Toast, Inc. — Director's Dealing 2021

Sep 22, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Hawkins Mark J (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	52790	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2027-04-27	Common Stock (105580)		Direct
Restricted Stock Units	$	2028-04-28	Common Stock (9550)		Direct

Footnotes

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

F2: The Restricted Stock Units ("RSUs") shall vest in two equal annual installments: 50% on April 27, 2022 and 50% on April 27, 2023.

F3: RSUs convert into Class B Common Stock on a one-for-one basis upon vesting and settlement.

F4: The RSUs shall vest in full on May 1, 2022, contingent upon the completion of the Issuer's initial public offering.