Toast, Inc. — Director's Dealing 2022

Apr 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2022-04-01

Reporting Person: Fredette Stephen (Director, Co-President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-01	Class A Common Stock	M	6250	—	Acquired	4309022	Direct
2022-04-04	Class A Common Stock	S	1914	$23.665	Disposed	4307108	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-01	Restricted Stock Units	$	M	6250	Disposed		Class A Common Stock (6250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	419991	Indirect
Class A Common Stock	2303442	Indirect
Class A Common Stock	37500	Indirect

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% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.