Matlock James Michael 4
4 · Toast, Inc. · Filed Aug 5, 2024
Insider Transaction Report
Form 4
Toast, Inc.TOST
Matlock James Michael
Principal Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-08-01−978→ 5,869 total→ Class A Common Stock (978 underlying) - Exercise/Conversion
Class A Common Stock
2024-08-01+978→ 64,721 total - Exercise/Conversion
Restricted Stock Units
2024-08-01−15,625→ 78,125 total→ Class A Common Stock (15,625 underlying) - Sale
Class A Common Stock
2024-08-02$24.00/sh−9,173$220,161→ 55,548 total - Exercise/Conversion
Class A Common Stock
2024-08-01+15,625→ 63,743 total
Footnotes (4)
- [F1]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% shall vest on November 1, 2022, with the remainder vesting in equal quarterly installments of 6.25% over the following three years.
- [F4]The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.