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: PATRICK DEVAL L (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2028-02-22	Common Stock (22930)		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 three equal annual installments over three years following February 22, 2021, contingent upon completion of the Issuer's public offering.

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