Grimm Jonathan 4

4 · Toast, Inc. · Filed Apr 5, 2022

Form 4

Period: 2022-04-01

Chief Technology Officer10% Owner

Transactions

Sale
Class A Common Stock
2022-04-04$23.66/sh−1,918$45,389→ 4,332 total
Exercise/Conversion
Class A Common Stock
2022-04-01+6,250→ 6,250 total
Exercise/Conversion
Restricted Stock Units
2022-04-01−6,250→ 18,750 total
→ Class A Common Stock (6,250 underlying)
Gift
Class B Common Stock
2022-03-25−258,333→ 1,781,667 total(indirect: By Trust)
→ Class A Common Stock (258,333 underlying)

Holdings

Class A Common Stock
(indirect: By Trust)
3,084,674
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 (20,394,948 underlying)
20,394,948
Class B Common Stock
(indirect: By Trust)
→ Class A Common Stock (510,000 underlying)
510,000

Footnotes (5)

[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% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years.
[F4]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.
[F5]Reflects 258,333 shares of Class B Common Stock transferred from The Jonathan M. Grimm 2020 Grantor Retained Annuity Trust to The Jonathan M. Grimm Trust in connection with an annual GRAT distribution.

Documents

1 file