Toast Inc

(c) Insider Trading Arrangements

On May 31, 2024, Jonathan Vassil, our Chief Revenue Officer, entered into a trading plan pursuant to Rule 10b5-1 of the Exchange Act. Mr. Vassil's Rule 10b5-1 trading plan provides for the sale from time to time of a maximum of 150,000 shares of our Class A common stock pursuant to the terms of the plan. Mr. Vassil's Rule 10b5-1 trading plan expires on February 28, 2025, or earlier if all transactions under the trading arrangement are completed. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c).

On June 11, 2024, Stephen Fredette, our President, Co-Founder and board member, entered into a trading plan pursuant to Rule 10b5-1 of the Exchange Act. Mr. Fredette’s Rule 10b5-1 trading plan provides for the sale from time to time of a maximum of 963,444 shares of our Class A common stock and the donation from time to time of a maximum of 500,000 shares of our Class A common stock pursuant to the terms of the plan. Mr. Fredette’s Rule 10b5-1 trading plan expires on March 6, 2025, or earlier if all transactions under the trading arrangement are completed. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c).

During the fiscal quarter ended June 30, 2024, other than described in the statements above, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act)adopted, terminated or modified a Rule 10b5-1 trading arrangement or any “non-Rule 10b5-1 trading agreement” (as defined in Item 408(c) of Regulation S-K).