Vassil Jonathan Form 3 Toast / Jonathan Vassil ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Vassil Jonathan

(Last) (First) (Middle)

401 PARK DRIVE

(Street)

BOSTON MA 02215

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2024

3. Issuer Name and Ticker or Trading Symbol
Toast, Inc. [ TOST ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Revenue Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	17,955	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(1)	09/26/2027	Class A Common Stock	497,211	0.52	D
Stock Option (Right to Buy)	(2)	04/21/2030	Class A Common Stock	454,755	2.21	D
Stock Option (Right to Buy)	(3)	03/15/2032	Class A Common Stock	255,298	17.38	D
Stock Option (Right to Buy)	(4)	03/10/2033	Class A Common Stock	228,241	17.33	D
Stock Option (Right to Buy)	(5)	06/24/2029	Class A Common Stock	251,785	2.07	D
Restricted Stock Units	(6)	(6)	Class A Common Stock	26,408	(7)	D
Restricted Stock Units	(8)	(8)	Class A Common Stock	66,471	(7)	D

Explanation of Responses:

1. The shares subject to this option are fully vested as of the date hereof.

2. The shares subject to this option shall vest in twenty equal quarterly installments over five years following April 21, 2020.

3. The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following February 1, 2022.

4. The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2023.

5. The shares subject to this option are fully vested as of the date hereof, except for 15,000 shares that shall vest on March 1, 2024.

6. The RSUs shall vest in sixteen equal quarterly installments following February 1, 2022.

7. The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.

8. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Monica Kleinman as Attorney-in-Fact for Jonathan Vassil	01/03/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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