Toast, Inc. — Director's Dealing 2024

Jun 10, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2024-06-06

Reporting Person: Bennett Richard Kent (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-06-06	Class A Common Stock	M	11593	$0.00	Acquired	419685	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-06-06	Restricted Stock Units	$0.00	M	11593	Disposed		Class A Common Stock (11593)	Direct
2024-06-06	Restricted Stock Units	$0.00	A	9712	Acquired		Class A Common Stock (9712)	Indirect

Footnotes

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

F2: Includes Class A Common Stock received by the Reporting Person related to equity grants issued by the Company. The Reporting Person has agreed to assign to Deer Management Co, LLC the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.

F3: These shares are held directly by the reporting person.

F4: As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 7,870,437 shares of Class B Common Stock, 6,349,184 shares of Class B Common Stock, 331,107 shares of Class B Common Stock, and 2,089,272 shares of Class B Common Stock, respectively.

F5: The RSUs vested in full on June 6, 2024.

F6: Not Applicable.

F7: The RSUs shall vest in full on the earlier of 1) June 6, 2025 and 2) the next annual meeting of the Issuer's stockholders following the grant date.

F8: The Reporting Person has agreed to assign to Deer Management Co, LLC the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.