Toast, Inc. — Director's Dealing 2022

Nov 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2022-11-01

Reporting Person: Matlock James Michael (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-01	Class A Common Stock	M	62500	—	Acquired	63717	Direct
2022-11-01	Class A Common Stock	M	978	—	Acquired	64695	Direct
2022-11-02	Class A Common Stock	S	25991	$21.177	Disposed	38704	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-01	Restricted Stock Units	$0.0	M	62500	Disposed		Class A Common Stock (62500.0)	Direct
2022-11-01	Restricted Stock Units	$	M	978	Disposed		Class A Common Stock (978.0)	Direct

Footnotes

F1: Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.

F2: Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.

F3: The RSUs shall vest as follows: 25% shall vest on November 1, 2022, with the remainder vesting in equal quarterly installments of 6.25% over the following three years.

F4: The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.