# EDGAR Filing Document

**Accession Number:** 0001650164
**File Stem:** 0001650164-23-000081
**Filing Date:** 2023-3
**Character Count:** 6435
**Document Hash:** 46e574bac8ee563e5c548822824ebebc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001650164-23-000081.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001650164-23-000081

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230310

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Narang Aman
- **CENTRAL INDEX KEY:** 0001869139

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40819
- **FILM NUMBER:** 23731657

**MAIL ADDRESS:**
- **STREET 1:** TOAST, INC.
- **STREET 2:** 401 PARK DRIVE, SUITE 801
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02215
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Toast, Inc.
- **CENTRAL INDEX KEY:** 0001650164
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 401 PARK DRIVE
- **STREET 2:** SUITE 801
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02215
- **BUSINESS PHONE:** 617-297-1005

**MAIL ADDRESS:**
- **STREET 1:** 401 PARK DRIVE
- **STREET 2:** SUITE 801
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02215

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Narang Aman<br><sub>(Last) (First) (Middle)</sub><br>401 PARK DRIVE<br>SUITE 801<br><sub>(Street)</sub><br>BOSTON, MA 02215<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-10 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_COO & Co-President_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Toast, Inc. [ TOST ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock |  |  |  |  |  |  |  | 1735700 | D |  |
| Class A Common Stock |  |  |  |  |  |  |  | 9109 | I | The Narang Family Trust |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to Buy) | $17.33 | 2023-03-10 |  | A |  | 304321 |  | <sup>(1)</sup> | 2033-03-10 | Class A Common Stock | 304321.0 | $0 | 304321 | D |  |
| Restricted Stock Units | <sup>(2)</sup> | 2023-03-10 |  | A |  | 101288 |  | <sup>(3)</sup> | <sup>(3)</sup> | Class A Common Stock | 101288.0 | $0 | 101288 | D |  |

---

### Footnotes:

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

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

(3) The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.

**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.

**Signature:** /s/ Monica Kleinman as Attorney-in-Fact for Aman Narang  
**Date:** 2023-03-14

### Remarks:

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 4 (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.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**