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Filing Details

Accession Number:: 0001650164-22-000152
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-12-21 18:12:45
Reporting Period:: 2022-12-19

Accepted Time:: 2022-12-21 18:12:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1650164	Toast Inc.	TOST	Services-Computer Processing & Data Preparation (7374)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1868272	P Christopher Comparato	401 Park Drive Suite 801 Boston MA 02215	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2022-12-19	33,333	$17.95	196,600	No	4	S	Direct
Class A Common Stock	Disposition	2022-12-19	128,947	$17.95	644,735	No	4	S	Indirect	By the Comparato Family Holdings Trust dated July 27, 2018
Class A Common Stock	Acquisiton	2022-12-20	5,753	$17.38	202,353	No	4	M	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	By the Comparato Family Holdings Trust dated July 27, 2018
No	4	M	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Stock Option (Right to Buy)	Disposition	2022-12-20	6,550	$0.00	6,550	$15.27
Class A Common Stock	Class B Common Stock	Acquisiton	2022-12-20	6,550	$15.27	6,550	$0.00
Class A Common Stock	Stock Option (Right to Buy)	Disposition	2022-12-20	5,753	$0.00	5,753	$17.38

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
143,450	2031-03-22	No	4	M	Direct
2,366,390		No	4	M	Direct
675,043	2032-03-15	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00	6,416,890	6,416,890	Indirect
Class A Common Stock	Class B Common Stock	$0.00	200,000	200,000	Indirect
Class A Common Stock	Class B Common Stock	$0.00	200,000	200,000	Indirect
Class A Common Stock	Class B Common Stock	$0.00	200,000	200,000	Indirect

Amount	Remaning Holdings	Nature of Ownership
6,416,890	6,416,890	Indirect
200,000	200,000	Indirect
200,000	200,000	Indirect
200,000	200,000	Indirect

Footnotes

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 17, 2022.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.68 to $18.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.70 to $18.60, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021.
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.
The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following February 1, 2022.