Toast, Inc. — Director's Dealing 2024

Apr 3, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2024-04-01

Reporting Person: Elworthy Brian R (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-04-01	Class A Common Stock	M	1250	—	Acquired	160882	Direct
2024-04-01	Class A Common Stock	M	3482	—	Acquired	164364	Direct
2024-04-02	Class A Common Stock	S	1481	$23.396	Disposed	162883	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-04-01	Restricted Stock Units	$	M	1250	Disposed		Class A Common Stock (1250)	Direct
2024-04-01	Restricted Stock Units	$	M	3482	Disposed		Class A Common Stock (3482)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	78736	Indirect

Footnotes

F1: The 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 July 1, 2022, with remainder vesting in equal quarterly installments over the following three years.

F4: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.