Aman Narang - Apr 1, 2025 Form 4 Insider Report for Toast, Inc. (TOST)

Role
CEO, Director
Signature
/s/ Xing Yan as Attorney-in-Fact for Aman Narang
Stock symbol
TOST
Transactions as of
Apr 1, 2025
Transactions value $
-$328,806
Form type
4
Date filed
4/3/2025, 04:50 PM
Previous filing
Mar 11, 2025
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 +1.57K +0.57% 277K Apr 1, 2025 Direct F1
transaction TOST Class A Common Stock Options Exercise +6.33K +2.28% 284K Apr 1, 2025 Direct F1
transaction TOST Class A Common Stock Options Exercise +12.6K +4.44% 296K Apr 1, 2025 Direct F1
transaction TOST Class A Common Stock Sale -$329K -9.4K -3.17% $35.00 287K Apr 2, 2025 Direct F2

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 -1.57K -100% $0.00 0 Apr 1, 2025 Class A Common Stock 1.57K Direct F1, F3
transaction TOST Restricted Stock Units Options Exercise $0 -6.33K -11.11% $0.00 50.6K Apr 1, 2025 Class A Common Stock 6.33K Direct F1, F4
transaction TOST Restricted Stock Units Options Exercise $0 -12.6K -7.69% $0.00 151K Apr 1, 2025 Class A Common Stock 12.6K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.

Remarks:

As of the date of this Form 4, the Reporting Person also owns 18,912,840 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.