TOST Form 144: Christopher Comparato Reports Recent Sales Totaling $22.7M

Rhea-AI Filing Summary

Toast, Inc. (TOST) Form 144 filing: Christopher P. Comparato has filed a notice to sell 124,509 Class A shares via Fidelity Brokerage Services LLC with an aggregate market value of $5,406,303.47. The filing lists the approximate sale date of 08/13/2025 and the securities exchange as the NYSE. The filing shows these shares were acquired by exercise: an option granted 02/08/2019, recorded as acquired and paid in cash on 08/13/2025. The issuer outstanding share count is shown as 510,000,000. The notice also discloses prior sales by the same person in the past three months totaling 509,509 shares for $22,685,662.27 in gross proceeds. The signer represents no undisclosed material adverse information is known.

Insights

Securities Analyst

TL;DR: Routine Rule 144 insider sales tied to option exercises; notable for aggregated proceeds but not clearly material to share count.

The filing documents a Rule 144 notice for 124,509 Class A shares (value $5.41M) scheduled for sale on 08/13/2025 via Fidelity on the NYSE. The shares are shown as acquired via an option granted 02/08/2019 and paid in cash. The filer has executed multiple sales in the prior three months totaling 509,509 shares for roughly $22.69M. Compared with the reported outstanding share count of 510,000,000, these transactions represent a small percentage of total shares outstanding, suggesting limited direct dilution or immediate market-cap impact based solely on volume. Documentation indicates compliance with Rule 144 reporting requirements.

Corporate Governance Expert

TL;DR: Multiple recent insider sales are disclosure-compliant; investors may note volume and proceeds but the filing itself shows no undisclosed adverse facts.

The document is a standard Form 144 disclosure by Christopher P. Comparato reporting an intended sale of 124,509 Class A shares with an aggregate market value of $5,406,303.47. The filing reiterates the signers representation that no material nonpublic information is known. The history of sales in the prior three months (five transactions totaling 509,509 shares) demonstrates active disposition of holdings. From a governance perspective, the filing provides the required transparency but does not by itself indicate a breach of insider trading policies or governance failures; it is a compliance-focused disclosure.

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	124509	5406303.47	510000000	08/13/2025	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	08/13/2025	Option Granted - 02/08/2019	Issuer			124509	08/13/2025	Cash

* 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
Christopher P. Comparato 333 Summer Street Boston MA 02210	Class A	05/14/2025	70000	3132066.00
Christopher P. Comparato 333 Summer Street Boston MA 02210	Class A	06/20/2025	70000	2966558.00
Christopher P. Comparato 333 Summer Street Boston MA 02210	Class A	07/17/2025	70000	3224676.00
Christopher P. Comparato 333 Summer Street Boston MA 02210	Class A	08/07/2025	175000	7943495.00
Christopher P. Comparato 333 Summer Street Boston MA 02210	Class A	08/11/2025	124509	5418867.27

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 Form 144 filed for Toast (TOST) report?

The Form 144 reports a notice to sell 124,509 Class A shares with an aggregate market value of $5,406,303.47, to be sold on 08/13/2025 via Fidelity on the NYSE.

Who is the seller named in the filing?

The filing shows sales and prior sales by Christopher P. Comparato, with an address listed as 333 Summer Street Boston MA 02210.

How were the securities being sold acquired?

The filing states the 124,509 shares were acquired via an option granted on 02/08/2019 and the payment method is listed as cash on 08/13/2025.

What prior sales does the Form 144 disclose?

It discloses five sales in the past three months: 05/14/2025 (70,000 shares), 06/20/2025 (70,000), 07/17/2025 (70,000), 08/07/2025 (175,000), and 08/11/2025 (124,509), totaling 509,509 shares and about $22,685,662.27 gross proceeds.

What is the issuers reported outstanding share count?

The filing shows the number of shares outstanding as 510,000,000.

Does the filing state whether the filer knows any material nonpublic information?

Yes. By signing the notice the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.