Toast, Inc. — Director's Dealing 2025

Apr 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2025-04-01

Reporting Person: Fredette Stephen (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-01	Class A Common Stock	M	1565	—	Acquired	1403697	Direct
2025-04-01	Class A Common Stock	M	5697	—	Acquired	1409394	Direct
2025-04-01	Class A Common Stock	M	5652	—	Acquired	1415046	Direct
2025-04-02	Class A Common Stock	S	3793	$34.998	Disposed	1411253	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-04-01	Restricted Stock Units	$	M	1565	Disposed		Class A Common Stock (1565)	Direct
2025-04-01	Restricted Stock Units	$	M	5697	Disposed		Class A Common Stock (5697)	Direct
2025-04-01	Restricted Stock Units	$	M	5652	Disposed		Class A Common Stock (5652)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	66896	Indirect
Class A Common Stock	359327	Indirect
Class A Common Stock	2121451	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 April 1, 2022, with the 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.

F5: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.