Toast CEO-linked trust sells 161,948 shares
Toast, Inc. CEO Aman Narang, through the Starlight 2026 Charitable Remainder Trust, reported open-market sales of Class A common stock totaling 161,948 shares under a Rule 10b5-1 trading plan adopted on March 13, 2026.
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Form Type
4
Rhea-AI Filing Summary
Toast, Inc. CEO Aman Narang, through the Starlight 2026 Charitable Remainder Trust, reported open-market sales of Class A common stock totaling 161,948 shares under a Rule 10b5-1 trading plan adopted on March 13, 2026. The filing also reports updated direct and indirect Class A holdings and notes Narang’s separate ownership of 18,612,840 Class B shares, each convertible into one Class A share.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 161,948 shares
Net Sell
5 txns
Insider
Narang Aman
Role
CEO
Sold
161,948 shs ($5.72M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F3 | 119,843 | $35.379 | $4.24M |
| Sale | Class A Common Stock F1, F2 | 42,105 | $35.13 | $1.48M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, Starlight 2026 Charitable Remainder Trust);
Class A Common Stock — 70,451 shares (Direct);
Class A Common Stock — 200,000 shares (Indirect, The Narang Family Trust);
Class A Common Stock — 100,750 shares (Indirect, Starlight 2026 Trust LLC)
Footnotes (3)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Starlight 2026 Charitable Remainder Trust on March 13, 2026.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35 to $35.32 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35 to $35.61 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
Key Figures
Shares sold 2026-08-07: 42,105 shares
Price 2026-08-07: $35.1300 per share
Shares sold 2026-08-10: 119,843 shares
+5 more
8 metrics
Shares sold 2026-08-07
42,105 shares
Class A common stock sold by Starlight 2026 Charitable Remainder Trust at weighted average $35.1300
Price 2026-08-07
$35.1300 per share
Weighted average sale price; individual trades ranged from $35 to $35.32
Shares sold 2026-08-10
119,843 shares
Class A common stock sold by Starlight 2026 Charitable Remainder Trust at weighted average $35.3790
Price 2026-08-10
$35.3790 per share
Weighted average sale price; trades ranged from $35 to $35.61
Total shares sold
161,948 shares
Aggregate Class A shares sold across both reported transactions
Class B shares owned
18,612,840 shares
Class B common stock owned by Aman Narang, each convertible into one Class A share
Direct Class A holdings
70,451 shares
Class A common stock held directly by Aman Narang as of 2026-08-07
Indirect Class A holdings (trusts)
300,750 shares
200,000 shares in The Narang Family Trust and 100,750 shares in Starlight 2026 Trust LLC
Key Terms
Rule 10b5-1 trading plan, Charitable Remainder Trust, weighted average price
3 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Starlight 2026 Charitable Remainder Trust"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Charitable Remainder Trust financial
"adopted by the Starlight 2026 Charitable Remainder Trust on March 13, 2026"
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Toast, Inc. (TOST) report for Aman Narang?
Aman Narang, via the Starlight 2026 Charitable Remainder Trust, reported two open-market sales totaling 161,948 Class A shares. These trades were executed on August 7 and 10, 2026, under a pre-arranged Rule 10b5-1 trading plan.
Were the recent Toast (TOST) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Starlight 2026 Charitable Remainder Trust on March 13, 2026, indicating they were pre-arranged rather than discretionary trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
