Toast, Inc. — Director's Dealing 2025

Jun 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2025-06-02

Reporting Person: Elworthy Brian R (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-02	Class A Common Stock	M	75000	$1.52	Acquired	291156	Direct
2025-06-02	Class A Common Stock	M	225000	$2.21	Acquired	516156	Direct
2025-06-02	Class A Common Stock	S	119794	$42.13	Disposed	396362	Direct
2025-06-02	Class A Common Stock	S	180206	$42.906	Disposed	216156	Direct
2025-06-02	Class A Common Stock	S	15652	$42.157	Disposed	63084	Indirect
2025-06-02	Class A Common Stock	S	23716	$42.898	Disposed	39368	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-06-02	Stock Option (Right to Buy)	$1.52	M	75000	Disposed	2029-02-08	Class A Common Stock (75000)	Direct
2025-06-02	Stock Option (Right to Buy)	$2.21	M	225000	Disposed	2030-04-21	Class A Common Stock (225000)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 26, 2025.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.59 to $42.58 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.59 to $43.18 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.60 to $42.595 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.60 to $43.18 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

F6: The shares subject to this option are fully vested and exercisable as of the date hereof.