Jonathan Grimm - 01 May 2022 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Chief Technology Officer, 10%+ Owner
Signature
/s/ Monica Kleinman, as Attorney-in-Fact
Issuer symbol
TOST
Transactions as of
01 May 2022
Transactions value $
$0
Form type
4
Filing time
03 May 2022, 19:13:48 UTC
Previous filing
05 Apr 2022
Next filing
05 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Options Exercise +3.52K +81.28% 7.85K 01 May 2022 Direct F1
holding TOST Class A Common Stock 3.08M 01 May 2022 By The Jonathan M. Grimm Trust

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 Restricted Stock Units Options Exercise $0 -3.52K -6.25% $0.00 52.8K 01 May 2022 Class A Common Stock 3.52K Direct F1, F2
transaction TOST Class B Common Stock Gift $0 -36.5K -2.05% $0.00 1.75M 13 Apr 2022 Class A Common Stock 36.5K By The Jonathan M. Grimm 2020 Grantor Retained Annuity Trust F3, F4
holding TOST Class B Common Stock 20.4M 01 May 2022 Class A Common Stock 20.4M By The Jonathan M. Grimm Trust F3, F4
holding TOST Class B Common Stock 510K 01 May 2022 Class A Common Stock 510K By The Grimm Children GST-Exempt Irrevocable Trust FBO Grayson Grimm F3
holding TOST Class B Common Stock 510K 01 May 2022 Class A Common Stock 510K By The Grimm Children GST-Exempt Irrevocable Trust FBO Lily Grimm F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2 The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.
F3 Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.
F4 Reflects 36,452 shares of Class B Common Stock transferred from The Jonathan M. Grimm 2020 Grantor Retained Annuity Trust to The Jonathan M. Grimm Trust in connection with an annual GRAT distribution.