X0306 4 2021-09-24 0 0001650164 Toast, Inc. TOST 0001869038 Fredette Stephen TOAST, INC. 401 PARK DRIVE, SUITE 801 BOSTON MA 02215 1 1 0 0 Co-President Common Stock 2021-09-24 4 J 0 23653040 D 0 D Common Stock 2021-09-24 4 J 0 6833335 D 0 I See footnote Common Stock 2021-09-24 4 J 0 2000000 D 0 I See footnote Common Stock 2021-09-24 4 J 0 750000 D 0 I See footnote Class B Common Stock 2021-09-24 4 J 0 23653040 0.00 A Class A Common Stock 23653040 23653040 D Class B Common Stock 2021-09-24 4 J 0 6833335 0.00 A Class A Common Stock 6833335 6833335 I See footnote Class B Common Stock 2021-09-24 4 J 0 2000000 0.00 A Class A Common Stock 2000000 2000000 I See footnote Class B Common Stock 2021-09-24 4 J 0 750000 0.00 A Class A Common Stock 750000 750000 I See footnote Stock Option (Right to Buy) 15.27 2021-09-24 4 J 0 75000 0.00 D 2031-03-22 Common Stock 75000 0 D Stock Option (Right to Buy) 15.27 2021-09-24 4 J 0 75000 0.00 A 2031-03-22 Class B Common Stock 75000 75000 D Restricted Stock Units 2021-09-24 4 J 0 25000 0.00 D 2028-03-22 Common Stock 25000 0 D Restricted Stock Units 2021-09-24 4 J 0 25000 0.00 A 2028-03-22 Class B Common Stock 25000 25000 D Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. 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. Shares held by the SHFA 2021 Nominee Trust. Shares held by the SHFA Family Trust. Shares held by the Fredette Family Nominee Trust. The shares subject to this option shall vest in twenty equal quarterly installments over five years following March 22, 2021. The Restricted Stock Units ("RSUs") convert into Class B Common Stock on a one-for-one basis upon vesting and settlement. The RSUs shall vest as follows: 25% on April 1, 2022, with the remainder vesting in equal quarterly installments over the following three years. /s/ Brian R. Elworthy, as Attorney-in-Fact 2021-09-27