Toast, Inc. — Director's Dealing 2025

Oct 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2025-10-01

Reporting Person: Fredette Stephen (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-01	Class A Common Stock	M	5698	—	Acquired	896516	Direct
2025-10-01	Class A Common Stock	M	5651	—	Acquired	902167	Direct
2025-10-01	Class A Common Stock	M	3858	—	Acquired	906025	Direct
2025-10-02	Class A Common Stock	S	7550	$35.564	Disposed	898475	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-01	Restricted Stock Units	$	M	5698	Disposed		Class A Common Stock (5698)	Direct
2025-10-01	Restricted Stock Units	$	M	5651	Disposed		Class A Common Stock (5651)	Direct
2025-10-01	Restricted Stock Units	$	M	3858	Disposed		Class A Common Stock (3858)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	66896	Indirect
Class A Common Stock	1718029	Indirect
Class A Common Stock	224853	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 in sixteen equal quarterly installments following April 1, 2023.

F4: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.

F5: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.