PATRICK DEVAL L - 22 Feb 2023 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Brian Elworthy as Attorney-in-Fact for Deval L. Patrick
Issuer symbol
TOST
Transactions as of
22 Feb 2023
Net transactions value
$0
Form type
4
Filing time
24 Feb 2023, 15:55:22 UTC
Previous filing
19 Dec 2022
Next filing
17 Mar 2023
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 +7,640 +82% 16,952 22 Feb 2023 Direct F1

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 -7,640 -50% $0.000000 7,645 22 Feb 2023 Class A Common Stock 7,640 Direct F1, F2
* 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 vest in three equal annual installments over three years following February 22, 2021.