| | | | | | | | | | | | | | | | | | | | | |
Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/11/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1650164 |
| Issuer Name: Toast, Inc. |
| Issuer Trading Symbol: TOST |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1869139 |
| | Owner Name: Narang Aman |
| Reporting Owner Address: |
| | Owner Street 1: TOAST, INC. |
| | Owner Street 2: 401 PARK DRIVE |
| | Owner City: BOSTON |
| | Owner State: MA |
| | Owner ZIP Code: 02215 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: CEO |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,159,029 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 9,109 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: The Narang Family Trust |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 24.65 |
| | Transaction Date: |
| | | Value: 3/11/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 370,363 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 3/11/34 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common Stock |
| | | Underlying Security Shares: |
| Value: 370,363 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 370,363 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F2 |
| | Transaction Date: |
| | | Value: 3/11/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 201,557 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common Stock |
| | | Underlying Security Shares: |
| Value: 201,557 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 201,557 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2024. |
| Footnote - F2: Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. |
| Footnote - F3: 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. |
Owner Signature: |
| Signature Name: /s/ Monica Kleinman as Attorney-in-Fact for Aman Narang |
| Signature Date: 3/12/24 |