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Toast, Inc. — Director's Dealing 2022
Mar 7, 2022
30205_dirs_2022-03-07_de5ca70d-e313-49c6-a855-0996acf272b0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2022-03-03
Reporting Person: Narang Aman (Director, COO & Co-President, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-03 | Class A Common Stock | C | 1475000 | — | Acquired | 2547738 | Direct |
| 2022-03-03 | Class A Common Stock | C | 15075 | — | Acquired | 15075 | Indirect |
| 2022-03-03 | Class A Common Stock | C | 170000 | — | Acquired | 170000 | Indirect |
| 2022-03-03 | Class A Common Stock | C | 79624 | — | Acquired | 79624 | Indirect |
| 2022-03-03 | Class A Common Stock | C | 55816 | — | Acquired | 55816 | Indirect |
| 2022-03-03 | Class A Common Stock | C | 55816 | — | Acquired | 55816 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-03 | Class B Common Stock | $ | C | 1475000 | Disposed | Class A Common Stock (1475000) | Direct | |
| 2022-03-03 | Class B Common Stock | $ | C | 15075 | Disposed | Class A Common Stock (15075) | Indirect | |
| 2022-03-03 | Class B Common Stock | $ | C | 170000 | Disposed | Class A Common Stock (170000) | Indirect | |
| 2022-03-03 | Class B Common Stock | $ | C | 79624 | Disposed | Class A Common Stock (79624) | Indirect | |
| 2022-03-03 | Class B Common Stock | $ | C | 55816 | Disposed | Class A Common Stock (55816) | Indirect | |
| 2022-03-03 | Class B Common Stock | $ | C | 55816 | Disposed | Class A Common Stock (55816) | Indirect | |
| 2022-03-03 | Restricted Stock Units | $ | J | 25000 | Disposed | Class B Common Stock (25000) | Direct | |
| 2022-03-03 | Restricted Stock Units | $ | J | 25000 | Acquired | Class A Common Stock (25000) | Direct |
Footnotes
F1: Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock on a one-for-one basis.
F2: Each outstanding share of Class B Common Stock is 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.
F3: In connection with the voluntary conversion described in footnote 1, the outstanding Restricted Stock Units ("RSUs") convertible into Class B Common Stock remain unchanged, except that the RSUs are now convertible into Class A Common Stock upon vesting and settlement.
F4: The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.