Grimm Jonathan 4

4 · Toast, Inc. · Filed Mar 7, 2022

Form 4

Period: 2022-03-03

Chief Technology Officer10% Owner

Transactions

Conversion
Class A Common Stock
2022-03-03+1,400,000→ 3,084,674 total(indirect: By Trust)
Other
Restricted Stock Units
2022-03-03+25,000→ 25,000 total
→ Class A Common Stock (25,000 underlying)
Conversion
Class B Common Stock
2022-03-03−1,400,000→ 20,136,615 total(indirect: By Trust)
→ Class A Common Stock (1,400,000 underlying)
Other
Restricted Stock Units
2022-03-03−25,000→ 0 total
→ Class B Common Stock (25,000 underlying)

Holdings

Class B Common Stock
(indirect: By Trust)
→ Class A Common Stock (2,040,000 underlying)
2,040,000
Class B Common Stock
(indirect: By Trust)
→ Class A Common Stock (510,000 underlying)
510,000
Class B Common Stock
(indirect: By Trust)
→ Class A Common Stock (510,000 underlying)
510,000

Footnotes (4)

[F1]Reflects the voluntary conversion of Class B Common Stock into Class A Common Stock on a one-for-one basis.
[F2]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.
[F3]In connection with the voluntary conversion described in footnote 1, the outstanding Restricted Stock Units ("RSUs") convertible into Class B Common Stock remain unchanged, except that the RSUs are now convertible into Class A Common Stock upon vesting and settlement.
[F4]The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.

Documents

1 file