TOST insider files Form 144 to sell 4,987 Class A shares on 10/02/2025

Rhea-AI Filing Summary

Toast, Inc. (TOST) insider Brian R. Elworthy reported a proposed sale of 4,987 Class A shares with an aggregate market value of $177,356.66, to be sold on or about 10/02/2025 through Fidelity Brokerage Services LLC on the NYSE. The securities were acquired by restricted stock vesting from the issuer on 10/01/2025 and are described as compensation. The filing also discloses prior sales by the same person in the past three months: 5,681 Class A shares sold on 07/02/2025 for $241,968.00 and 1,051 Class A shares sold on 08/04/2025 for $50,843.18. The filer affirms no undisclosed material adverse information.

Positive

• 4,987 shares were acquired via restricted stock vesting (compensation) on 10/01/2025
• Brokerage for the proposed sale is specified as Fidelity Brokerage Services LLC, providing execution transparency

Negative

• The insider conducted prior sales of 6,732 shares in the past three months for $292,811.18, indicating ongoing insider selling activity
• Proposed sale represents a nontrivial disposition relative to recent insider sales, which may concern some investors

Insights

Insider Trading Analyst

Insider sold vested compensation shares totaling 4,987 proposed on 10/02/2025.

The filing shows the shares to be sold were newly vested restricted stock acquired on 10/01/2025 and identified as compensation, indicating routine disposition of awarded shares rather than a loan or purchase.

Recent transactions include two sales in Q3 2025 totaling 6,732 shares and $292,811.18 gross proceeds, representing the insider's active liquidations during the period.

Monitor the 10/02/2025 sale date for execution details.

Securities Compliance Analyst

Form 144 documents a proposed sale under Rule 144 with broker details and representation of no undisclosed material information.

The notice names Fidelity Brokerage Services LLC and lists the market value and outstanding shares (510,000,000), which are required disclosures under Rule 144 to support lawful resale.

The filer signs the customary attestation that they do not possess nonpublic material information, a standard compliance statement for these notices.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	4987	177356.66	510000000	10/02/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	10/01/2025	Restricted Stock Vesting	Issuer			4987	10/01/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Brian R. Elworthy 333 Summer Street Boston MA 02210	Class A	07/02/2025	5681	241968.00
Brian R. Elworthy 333 Summer Street Boston MA 02210	Class A	08/04/2025	1051	50843.18

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the Form 144 filed for Toast, Inc. (TOST) report?

It reported a proposed sale of 4,987 Class A shares with an aggregate market value of $177,356.66, to be sold on or about 10/02/2025 via Fidelity Brokerage Services LLC.

How were the shares being sold by the insider acquired?

The shares were acquired on 10/01/2025 through restricted stock vesting and are described as compensation.

Has the insider recently sold other Toast (TOST) shares?

Yes; the filing discloses sales of 5,681 shares on 07/02/2025 for $241,968.00 and 1,051 shares on 08/04/2025 for $50,843.18.

Which exchange and broker are listed for the proposed sale?

The proposed sale lists the NYSE as the exchange and Fidelity Brokerage Services LLC as the broker (900 Salem Street, Smithfield RI).

What representation does the filer make regarding material information?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that is not publicly disclosed.