Toast Form 144: Insider to sell 9,054 vested Class A shares Oct 2, 2025

Rhea-AI Filing Summary

Insider sale notice for Toast, Inc. (TOST): This Form 144 shows a proposed sale of 9,054 Class A shares to be executed through Fidelity Brokerage Services on 10/02/2025, with an aggregate market value listed as $321,994.64. The shares were acquired the prior day, 10/01/2025, as restricted stock that vested and are described as compensation.

The filing also lists two prior insider sales in the past three months by the same person, Elena Gomez: 34,170 shares sold on 07/02/2025 for $1,454,424.38 and 2,006 shares sold on 08/04/2025 for $97,042.26. The filer certifies they are not aware of undisclosed material adverse information about the issuer.

Positive

• Restricted stock vested (9054 shares acquired 10/01/2025) indicating compensation realization
• Full disclosure of prior sales with gross proceeds ($1,454,424.38 and $97,042.26) provides transparency

Negative

• Insider sales totaling 36,176 shares in July–August 2025 (gross proceeds ≈ $1.55M) may indicate meaningful insider liquidity
• Proposed sale of 9,054 shares on 10/02/2025 valued at $321,994.64 reduces insider shareholdings

Insights

Insider Transactions Specialist

TL;DR: A recent restricted-stock vesting triggered an insider sale notice and follows two sizable sales earlier in the quarter.

The filing documents a proposed sale of 9,054 newly vested Class A shares valued at $321,994.64, to be executed on 10/02/2025, and records two prior sales totaling 36,176 shares for about $1.55 million in gross proceeds during July–August 2025. This pattern is factual disclosure of insider liquidity events: restricted-stock vesting followed by disposal of shares through the broker named in the notice.

Corporate Governance Analyst

TL;DR: The Form 144 is a standard disclosure of insider selling; it confirms the filer’s legal attestation about material information.

The signer represents under penalty of law that no undisclosed material adverse information is known, which is a routine but legally significant attestation on Form 144. The filing names the broker (Fidelity) and provides exact share counts and gross proceeds for prior sales, giving investors transparent records of insider dispositions without additional commentary from the company.

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	9054	321994.64	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			9054	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
Elena Gomez 401 Park Drive Boston MA 02215	Class A	07/02/2025	34170	1454424.38
Elena Gomez 401 Park Drive Boston MA 02215	Class A	08/04/2025	2006	97042.26

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 is reported in the TOST Form 144?

The notice reports a proposed sale of 9,054 Class A shares to be sold on 10/02/2025, acquired by restricted-stock vesting on 10/01/2025.

Who is the selling person named in the filing?

The filing lists Elena Gomez as the person associated with prior sales and the account for the securities to be sold.

What prior insider sales are disclosed in the past three months?

Two prior sales by Elena Gomez: 34,170 shares on 07/02/2025 for $1,454,424.38 and 2,006 shares on 08/04/2025 for $97,042.26.

Through which broker will the proposed sale be executed?

The sale is to be executed through Fidelity Brokerage Services LLC at the address provided in the form.

How were the 9,054 shares acquired?

The shares were acquired via Restricted Stock Vesting from the issuer on 10/01/2025, and the nature of payment is listed as Compensation.