Aman Narang - Mar 15, 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role
COO & Co-President, Director, 10%+ Owner
Signature
/s/ Monica Kleinman, as Attorney-in-Fact
Stock symbol
TOST
Transactions as of
Mar 15, 2022
Transactions value $
$0
Form type
4
Date filed
3/17/2022, 04:35 PM
Previous filing
Mar 7, 2022
Next filing
Apr 5, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TOST Class A Common Stock 2.55M Mar 15, 2022 Direct
holding TOST Class A Common Stock 15.1K Mar 15, 2022 By the Narang Family Irrevocable Trust FBO Vijay and Madhu Narang
holding TOST Class A Common Stock 170K Mar 15, 2022 By the Narang Family Irrevocable Trust FBO Fitzgerald Family
holding TOST Class A Common Stock 79.6K Mar 15, 2022 By the Narang Family Irrevocable Trust FBO Varun Narang
holding TOST Class A Common Stock 55.8K Mar 15, 2022 By the Narang Family Irrevocable Trust FBO Lia Narang
holding TOST Class A Common Stock 55.8K Mar 15, 2022 By the Narang Family Irrevocable Trust FBO Noah Narang

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TOST Stock Option (Right to Buy) Award $0 +306K $0.00 306K Mar 15, 2022 Class A Common Stock 306K $17.38 Direct F1
transaction TOST Restricted Stock Units Award $0 +56.3K $0.00 56.3K Mar 15, 2022 Class A Common Stock 56.3K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following February 1, 2022.
F2 Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F3 The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.