Toast: Stephen Fredette proposes $275K share sale

The notice says the sale includes an amount necessary to cover a tax obligation resulting from settlement of a vested equity award distribution.

Rhea-AI Filing Summary

Toast, Inc. (TOST) is the issuer named in a notice reporting Stephen Fredette’s proposed sale of 9,368 Class A shares, with an aggregate market value of $274,987.33 and an approximate sale date of October 2, 2026. A related entry identifies restricted stock vesting from the issuer for compensation on October 1, 2026. The notice also lists 9,146 Class A shares sold on July 2, 2026, with an aggregate market value of $263,854.78.

Key Figures

Proposed Class A shares: 9,368 shares Aggregate market value of proposed sale: $274,987.33 Class A shares outstanding: 514,000,000 shares +2 more

5 metrics

Proposed Class A shares 9,368 shares Proposed sale by Stephen Fredette

Aggregate market value of proposed sale $274,987.33 Proposed sale of 9,368 Class A shares

Class A shares outstanding 514,000,000 shares Listed in securities information

Class A shares sold during preceding three months 9,146 shares Sale dated July 2, 2026

Aggregate market value of prior sale $263,854.78 Sale dated July 2, 2026

Key Terms

Rule 144, Restricted Stock Vesting, vested equity award distribution

3 terms

Rule 144 regulatory

"the definition of “person” in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Vesting financial

"Restricted Stock Vesting | Issuer | Compensation"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

vested equity award distribution financial

"settlement of a vested equity award distribution"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many TOST shares does Stephen Fredette plan to sell?

The notice lists a proposed sale of 9,368 Class A shares by Stephen Fredette, with an aggregate market value of $274,987.33 and an approximate sale date of October 2, 2026.

What tax reason is listed for Stephen Fredette’s TOST sale?

The notice says the sale includes an amount necessary to cover a tax obligation resulting from settlement of a vested equity award distribution.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 04:00 PM Accepted by SEC EDGAR 10/02/2026 - 04:00 PM Learn about SEC filing dates

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	0001869038
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Toast, Inc.
SEC File Number	001-40819
Address of Issuer	333 SUMMER STREET BOSTON MASSACHUSETTS 02210
Phone	617-297-1005
Name of Person for Whose Account the Securities are To Be Sold	Fredette Stephen
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	Officer
Relationship to Issuer	Director

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	9368	274987.33	514000000	10/02/2026	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	10/01/2026	Restricted Stock Vesting	Issuer			9368	10/01/2026	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
Stephen Fredette 333 Summer Street Boston MA 02210	Class A	07/02/2026	9146	263854.78

144: Remarks and Signature

Remarks	Sale includes an amount necessary to cover a tax obligation resulting from the settlement of a vested equity award distribution.
Date of Notice	10/02/2026
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	/s/ Emily Navaro, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Stephen Fredette.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)