Toast (TOST) officer sells 2,298 shares to cover RSU tax obligations

Rhea-AI Filing Summary

Toast, Inc. reports that Principal Accounting Officer Rossana Niola sold 2,298 shares of Class A Common Stock on August 4, 2026 at an average price of $33.446 per share. The shares were required to be sold to cover tax withholding from RSU vesting and were not a discretionary trade. Niola now directly holds 4,306 shares.

Insider Trade Summary

Net Seller: 2,298 shares

Net Sell 1 txn

Insider Niola Rossana

Role Principal Accounting Officer

Sold 2,298 shs ($77K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	2,298	$33.446	$77K

Holdings After Transaction: Class A Common Stock — 4,306 shares (Direct)

Footnotes (1)

1. F1. Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.

Key Figures

Shares sold: 2,298 shares Sale price: $33.446 per share Shares owned after sale: 4,306 shares

3 metrics

Shares sold 2,298 shares Class A Common Stock sold on August 4, 2026

Sale price $33.446 per share Average price for the 2,298 shares sold

Shares owned after sale 4,306 shares Direct Class A holdings following the reported transaction

Key Terms

RSUs, tax withholding obligations, Rule 10b5-1 trading plan, Principal Accounting Officer

4 terms

RSUs financial

"in connection with the vesting and settlement of RSUs"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax withholding obligations financial

"shares required to be sold ... to cover tax withholding obligations"

Rule 10b5-1 trading plan financial

"affirms whether trades were under a Rule 10b5-1 trading plan"

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.

Principal Accounting Officer financial

"Reporting Person serves as the Principal Accounting Officer"

The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 04:33 PM Accepted by SEC EDGAR 08/05/2026 - 04:33 PM Learn about SEC filing dates

FAQ

What insider transaction did Toast (TOST) report in this Form 4?

Toast reported that Principal Accounting Officer Rossana Niola sold 2,298 shares of Class A Common Stock. The transaction occurred on August 4, 2026 and was linked to covering tax withholding obligations from the vesting and settlement of restricted stock units (RSUs).

How many Toast (TOST) shares did Rossana Niola sell and at what price?

Rossana Niola sold 2,298 Toast Class A shares at an average price of $33.446 per share. This open-market sale was reported as part of satisfying tax withholding obligations associated with recently vested RSUs rather than as a discretionary investment decision.

Why were Rossana Niola’s Toast (TOST) shares sold?

The shares were sold to cover tax withholding obligations arising from the vesting and settlement of RSUs. The filing specifies that this sale was not a discretionary trade by Niola, meaning it was driven by tax requirements rather than an elective portfolio move.

How many Toast (TOST) shares does Rossana Niola hold after this transaction?

Following the reported sale, Rossana Niola directly holds 4,306 shares of Toast Class A Common Stock. This figure reflects her direct ownership position after 2,298 shares were sold to satisfy tax withholding needs tied to the vesting of restricted stock units.

Was the Toast (TOST) insider sale made under a Rule 10b5-1 trading plan?

The Form 4 indicates the transaction was not executed under a Rule 10b5-1 plan. Instead, a footnote explains that the sale was required solely to satisfy RSU-related tax withholding, rather than being conducted pursuant to a pre-arranged trading program.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Niola Rossana

(Last) (First) (Middle)

TOAST, INC.

333 SUMMER STREET

(Street)

BOSTON MASSACHUSETTS 02210

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Toast, Inc. [ TOST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/04/2026		S(1)		2,298	D	$33.446	4,306	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.

Remarks:

	/s/ Xing Yan, as Attorney-in-Fact for Rossana Niola	08/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)