Toast, Inc. — Director's Dealing 2022

Dec 30, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2022-12-28

Reporting Person: Narang Aman (Director, COO & Co-President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-14	Class A Common Stock	G	600000	—	Disposed	1961769	Direct
2022-12-14	Class A Common Stock	G	600000	—	Acquired	600000	Indirect
2022-12-28	Class A Common Stock	S	583091	$16.93	Disposed	16909	Indirect
2022-12-29	Class A Common Stock	S	13449	$18.06	Disposed	42367	Indirect
2022-12-29	Class A Common Stock	S	13341	$18.06	Disposed	42475	Indirect
2022-12-30	Class A Common Stock	S	7800	$17.86	Disposed	9109	Indirect
2022-12-30	Class A Common Stock	S	42367	$18.05	Disposed	0	Indirect
2022-12-30	Class A Common Stock	S	42475	$18.05	Disposed	0	Indirect

Footnotes

F1: On December 14, 2022, the Reporting Person made a bona fide gift of 600,000 shares of the Issuer's Class A Common Stock with no payment in consideration.

F2: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 15, 2022.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.75 to $17.17, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F4: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on November 14, 2022.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18 to $18.18, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18 to $18.17, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F7: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.63 to $18.11, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.12, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F9: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.13, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.