X0306 4 2022-11-18 0 0001650164 Toast, Inc. TOST 0001860725 Bennett Richard Kent TOAST, INC. 401 PARK DRIVE, SUITE 801 BOSTON MA 02215 1 0 0 0 Class A Common Stock 2022-11-18 4 C 0 0 0.00 A 0 I See footnotes Class A Common Stock 2022-11-18 4 S 0 0 0.00 D 0 I See footnotes Class A Common Stock 2022-11-18 4 S 0 132709 18.27 D 790 D Class A Common Stock 2022-11-21 4 C 0 0 0.00 A 0 I See footnotes Class A Common Stock 2022-11-21 4 S 0 0 0.00 D 0 I See footnotes Class B Common Stock 2022-11-18 4 C 0 0 0.00 D Class A Common Stock 0 0 I See footnotes Class B Common Stock 2022-11-21 4 C 0 0 0.00 D Class A Common Stock 0 0 I See footnotes 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. Represents 303,245 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX, L.P. ("Bessemer IX"), and 242,945 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Venture Partners IX Institutional, L.P. ("Bessemer Institutional", and together with Bessemer IX, the "Bessemer IX Funds"). On November 18, 2022, Bessemer IX and Bessemer Institutional sold 303,245 shares and 242,945 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $18.50. These shares were sold in multiple transactions at prices ranging from $18.20 to $18.765, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer IX Funds and Bessemer Venture Partners Century Fund L.P. ("Bessemer Century") and Bessemer Venture Partners Century Fund Institutional L.P. ("Bessemer Century Institutional", and together with Bessemer Century, the "Bessemer Century Funds") by virtue of his interest in (1) Deer IX & Co. L.P., the general partner of the Bessemer IX Funds, and (2) Deer X & Co. L.P., the general partner of the Bessemer Century Funds and (3) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer IX Funds and the Bessemer Century Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer IX Funds and Bessemer Century Funds. (Continued from Footnote 4) This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.15 to $18.317, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The shares are directly held by the Reporting Person. Represents 231,480 shares converted from Class B Common Stock to Class A Common Stock by Bessemer IX, and 185,451 shares converted from Class B Common Stock to Class A Common Stock by Bessemer Institutional. On November 21, 2022, Bessemer IX and Bessemer Institutional sold 231,480 shares and 185,451 shares of Class A Common Stock of Toast, Inc., respectively, at a weighted average price of $18.16. These shares were sold in multiple transactions at prices ranging from $17.88 to $18.275, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. After the transaction reported in footnote 2, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 21,245,676 shares of Class B Common Stock, 17,021,034 shares of Class B Common Stock, 601,985 shares of Class B Common Stock, and 3,798,490 shares of Class B Common Stock, respectively. As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional own 21,014,196 shares of Class B Common Stock, 16,835,583 shares of Class B Common Stock, 601,985 shares of Class B Common Stock, and 3,798,490 shares of Class B Common Stock, respectively. /s/ Kent Bennett 2022-11-22