TOST Form 144: Insider sales of restricted Class A shares

Toast, Inc. reported a Form 144 notice listing restricted Class A shares sold or to be sold by an insider related to compensation vesting.

Accepted by SEC EDGAR 04/02/2026 - 03:14 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Toast, Inc. reported a Form 144 notice listing restricted Class A shares sold or to be sold by an insider related to compensation vesting. The filing lists a scheduled restricted stock vesting on 04/01/2026 and multiple reported sales by Jonathan S. Vassil on 01/02/2026, 01/05/2026, and 02/03/2026.

The listed transactions show specific share counts and proceeds for each sale as reported under Rule 144 disclosure requirements.

Insights

Securities Compliance Analyst

Routine Rule 144 disclosures for vested restricted Class A shares.

The filing lists a scheduled restricted stock vesting on 04/01/2026 and subsequent reported sales by Jonathan S. Vassil. The entries include transaction dates, share counts, and gross proceeds figures consistent with Rule 144 reporting mechanics.

Timing and amounts are factual disclosures; cash‑flow treatment and whether sales were brokered are not specified in the excerpt.

Key Figures

Restricted stock vesting date: 04/01/2026 Sale by Jonathan S. Vassil (01/02/2026): 66,390 shares Sale by Jonathan S. Vassil (01/05/2026): 4,787 shares +2 more

5 metrics

Restricted stock vesting date 04/01/2026 Listed as "Restricted Stock Vesting" for Class A

Sale by Jonathan S. Vassil (01/02/2026) 66,390 shares Gross proceeds reported $2,380,745.40 on 01/02/2026

Sale by Jonathan S. Vassil (01/05/2026) 4,787 shares Gross proceeds reported $164,560.78 on 01/05/2026

Sale by Jonathan S. Vassil (02/03/2026) 1,454 shares Gross proceeds reported $44,121.19 on 02/03/2026

Broker/Depository listed Fidelity Brokerage Services LLC Broker address shown for Class A securities

Key Terms

Rule 144, Restricted Stock Vesting, Class A

3 terms

Rule 144 regulatory

"Form 144 notice listing securities to be sold under 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

"Entry labeled "Restricted Stock Vesting" dated 04/01/2026"

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.

Class A market

"Security class shown as "Class A" with NYSE listing"

Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.

FAQ

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

What does TOST's Form 144 disclose about restricted stock vesting?

It discloses a scheduled restricted stock vesting of Class A shares on 04/01/2026. The entry lists the event as "Restricted Stock Vesting" and identifies the issuer as the source of shares tied to compensation.

How many shares did Jonathan S. Vassil report selling on 01/02/2026?

Jonathan S. Vassil reported selling 66,390 shares of Class A on 01/02/2026 for gross proceeds of $2,380,745.40. The filing lists the date, share count, and the reported proceeds for that sale.

What other sales by Jonathan S. Vassil are listed in the Form 144?

The filing lists sales on 01/05/2026 of 4,787 shares for $164,560.78 and on 02/03/2026 of 1,454 shares for $44,121.19, each showing date, shares, and gross proceeds.

Does the Form 144 state how the shares will be sold or who receives proceeds?

The excerpt shows the vesting event and reported sales under Rule 144 but does not specify sale methods or the recipient of proceeds. The filing lists the issuer for the vesting entry and broker details for the security class.

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

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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	0002004790
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	Vassil Jonathan
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

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	6438	168593.19	524000000	04/02/2026	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	04/01/2026	Restricted Stock Vesting	Issuer			6438	04/01/2026	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
Jonathan S. Vassil 333 Summer Street Boston MA 02210	Class A	01/02/2026	66390	2380745.40
Jonathan S. Vassil 333 Summer Street Boston MA 02210	Class A	01/05/2026	4787	164560.78
Jonathan S. Vassil 333 Summer Street Boston MA 02210	Class A	02/03/2026	1454	44121.19

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	04/02/2026
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/ Joshua Schmitt, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Jonathan S. Vassil.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)