TOST insider discloses 13,652-share sale after restricted stock vesting

Rhea-AI Filing Summary

Toast, Inc. (TOST) filing a Form 144 notifies a proposed sale of 13,652 Class A shares through Fidelity Brokerage Services LLC on the NYSE with an aggregate market value of $485,516.99 and an approximate sale date of 10/02/2025. The shares were acquired on 10/01/2025 by restricted stock vesting from the issuer and were paid as compensation on 10/01/2025. The filing reports total Class A shares outstanding of 510,000,000. The notice also discloses prior sales by Aman Narang: 13,829 shares sold on 07/02/2025 for $589,011.69 and 1,719 shares sold on 08/04/2025 for $83,158.34. The filer represents no undisclosed material adverse information.

Positive

• Disclosure of acquisition details: acquisition date 10/01/2025 and nature restricted stock vesting provided
• Broker and market disclosed: sale routed through Fidelity Brokerage Services LLC on the NYSE

Negative

• Insider selling activity: total of 15,548 shares sold in prior months plus proposed 13,652 share sale in October 2025
• Concentration relative to outstanding: while small in absolute terms, sales are from insiders and therefore notable to investors

Insights

Insider Transactions Specialist

TL;DR: Insider plans to sell newly vested shares — modest size relative to outstanding stock.

The filing shows a planned sale of 13,652 Class A shares valued at $485,516.99 with an approximate trade date of 10/02/2025. These shares were acquired by restricted stock vesting on 10/01/2025 and labeled as compensation, indicating standard disposition of vested equity.

The filing also documents prior disposals by Aman Narang totaling 15,548 shares in Q3 2025 (sales on 07/02/2025 and 08/04/2025), which provide context on recent insider selling activity.

Securities Compliance Officer

TL;DR: Form 144 submitted as required; contains standard attestation about undisclosed material information.

The filer uses Fidelity Brokerage Services LLC as the broker and certifies under the notice that they are not aware of undisclosed material adverse information. The form includes the required acquisition and payment details — acquisition date (10/01/2025), nature (restricted stock vesting), and payment characterization (compensation).

This filing satisfies Rule 144 disclosure elements for a proposed sale on 10/02/2025; no regulatory actions or compliance exceptions are disclosed in the document.

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

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	13652	485516.99	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			13652	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
Aman Narang 333 Summer Street Boston MA 02210	Class A	07/02/2025	13829	589011.69
Aman Narang 333 Summer Street Boston MA 02210	Class A	08/04/2025	1719	83158.34

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 being reported in the Toast, Inc. (TOST) Form 144?

The Form 144 notifies a proposed sale of 13,652 Class A shares valued at $485,516.99, to be sold via Fidelity Brokerage Services LLC on the NYSE with an approximate sale date of 10/02/2025.

How were the shares acquired that are being sold?

The shares were acquired on 10/01/2025 through restricted stock vesting from the issuer and the payment is characterized as compensation.

Has the filer sold other Toast shares recently?

Yes. The filing discloses prior sales by Aman Narang: 13,829 shares on 07/02/2025 for $589,011.69 and 1,719 shares on 08/04/2025 for $83,158.34.

How many Class A shares are outstanding according to the filing?

The filing reports 510,000,000 Class A shares outstanding.

Does the filing state any undisclosed material information about Toast?

The signer represents that they do not know of any material adverse information about the issuer that has not been publicly disclosed.