Toast (TOST) insider files Form 144 to sell 6,530 Class A shares

Rhea-AI Filing Summary

The filing is a Form 144 notice for Toast, Inc. (TOST) showing a proposed sale of 6,530 Class A shares with an aggregate market value of $232,231.62 to be sold on 10/02/2025 through Fidelity Brokerage Services LLC on the NYSE. The shares were acquired on 10/01/2025 by restricted stock vesting and paid as compensation. The filer discloses prior sales by Jonathan S Vassil in the past three months: 6,592 shares sold on 07/02/2025 for $280,769.76 and 1,427 shares sold on 08/04/2025 for $69,032.55. The notice includes the required signature representation that the seller has no undisclosed material adverse information.

Positive

• None.

Negative

• Insider sale: Proposed sale of 6,530 Class A shares (market value $232,231.62) scheduled for 10/02/2025.
• Recent insider activity: Prior sales of 6,592 and 1,427 shares on 07/02/2025 and 08/04/2025 totaling 8,019 shares and $349,802.31 gross proceeds.

Insights

Corporate Governance Analyst

Insider sale of vested shares disclosed; prior recent sales noted.

The filing shows a proposed sale of 6,530 vested Class A shares with market value $232,231.62 on 10/02/2025. The shares were acquired one day earlier through restricted stock vesting and are identified as compensation, which is a routine insider liquidity event.

The filer also reported two recent sales totaling 8,019 shares in Q3 2025 (07/02/2025 and 08/04/2025) with gross proceeds of $349,802.31. For investors, repeated insider sales are a factual disclosure of liquidity but the filing contains no statement of undisclosed adverse information.

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	6530	232231.62	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			6530	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
Jonathan S Vassil 333 Summer Street Boston MA 02210	Class A	07/02/2025	6592	280769.76
Jonathan S Vassil 333 Summer Street Boston MA 02210	Class A	08/04/2025	1427	69032.55

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 does the TOAST (TOST) Form 144 disclose?

The Form 144 discloses a proposed sale of 6,530 Class A shares valued at $232,231.62 to occur on 10/02/2025, acquired via restricted stock vesting on 10/01/2025.

Who is the selling person named in the filing?

The filing identifies Jonathan S Vassil as the person associated with recent sales; prior sales by him are listed in the filing.

Were there recent insider sales reported in the same filing?

Yes. The filing reports prior sales of 6,592 shares on 07/02/2025 for $280,769.76 and 1,427 shares on 08/04/2025 for $69,032.55.

How were the shares being sold originally acquired?

The 6,530 shares to be sold were acquired on 10/01/2025 through restricted stock vesting and the payment is described as compensation.

Where will the proposed sale be executed?

The proposed sale is listed to be executed through Fidelity Brokerage Services LLC on the NYSE.