Toast ^{Priced, NYSE: TOST}

Toast is a cloud-based, end-to-end technology platform purpose-built for the entire restaurant community. Our platform provides a comprehensive suite of SaaS products, financial technology solutions including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. We serve as the restaurant operating system, connecting front of house and back of house operations across dine-in, takeout, and delivery channels. As of June 30, 2021, approximately 48,000 restaurant locations across approximately 29,000 customers, processing over $38 billion of gross payment volume in the trailing 12 months, partnered with Toast to optimize operations, increase sales, engage guests, and maintain happy employees. We believe we are in the early stages of capturing our addressable market opportunity. Although we are a leading platform serving the restaurant industry, as of June 30, 2021, the locations on our platform represented only about 6% of the approximately 860,000 restaurant locations in the US. Similarly, our Annualized Recurring Run-Rate as of June 30, 2021 was only about 3% of our near-term serviceable market opportunity of approximately $15 billion. We see a significant opportunity to increase sales to both new and existing customers, further expand the usage of our platform outside the US, and address the diverse needs of new and existing restaurant industry stakeholders.