Toast revenue chief Jonathan Vassil sells 14,280 shares

The chief revenue officer's three sale tranches were reported at weighted-average prices of $32.7880, $33.6840 and $34.3770 per share.

Available on EDGAR 11/04/2026 - 04:35 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:35 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Toast, Inc. Chief Revenue Officer Jonathan Vassil exercised options to acquire 14,280 shares of Class A common stock on November 2, 2026, at an exercise price of $2.2100 per share, and sold 14,280 shares that day. The three reported sales were 1,268 shares at a weighted average price of $32.7880, 11,061 at $33.6840, and 1,951 at $34.3770 per share. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted March 13, 2026.

Insider Trade Summary 10b5-1

Exercise and Sale: 14,280 shares ($450K approx. pre-tax spread)

Exercise and Sale 5 txns

Insider Vassil Jonathan

Role Chief Revenue Officer

Sold 14,280 shs ($481K)

Approx. gross sale proceeds $481K

Approx. exercise cost $32K

Approx. pre-tax spread $450K

Share of Position Sold 15.6%

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy) F1, F5	14,280	$0.00	$0.00
Exercise	Class A Common Stock F1	14,280	$2.21	$32K
Sale	Class A Common Stock F1, F2	1,268	$32.788	$42K
Sale	Class A Common Stock F1, F3	11,061	$33.684	$373K
Sale	Class A Common Stock F1, F4	1,951	$34.377	$67K
Holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 257,311 contracts (Direct); Class A Common Stock — 77,424 shares (Direct); Class A Common Stock — 84,269 shares (Indirect, The Jonathan S. Vassil Grantor Retained Annuity Trust #1)

Holdings Before and After: Stock Option (Right to Buy), 271,591 to 257,311 contracts (Direct); Class A Common Stock, 77,424 to 77,424 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (5)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026.
2. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.21 to $33.20 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.
3. F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.22 to $34.20 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.
4. F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.22 to $34.62 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.
5. F5. The shares subject to this option are fully vested and exercisable as of the date hereof.

Key Figures

Options exercised: 14,280 shares Exercise price: $2.2100 per share Weighted average sale price: $32.7880 per share +3 more

6 metrics

Options exercised 14,280 shares November 2, 2026

Exercise price $2.2100 per share Options exercised November 2, 2026

Weighted average sale price $32.7880 per share Sale of 1,268 shares on November 2, 2026

Weighted average sale price $33.6840 per share Sale of 11,061 shares on November 2, 2026

Weighted average sale price $34.3770 per share Sale of 1,951 shares on November 2, 2026

Stock options following transaction 257,311 stock options Reported following the November 2, 2026 transaction

Key Terms

Rule 10b5-1 trading plan, weighted average price, fully vested and exercisable

3 terms

Rule 10b5-1 trading plan regulatory

"effected pursuant to 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.

weighted average price financial

"reported price in Column 4 is a weighted average price"

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.

fully vested and exercisable financial

"fully vested and exercisable as of the date hereof"

FAQ

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

How many Toast (TOST) shares did Jonathan Vassil sell?

Jonathan Vassil reported sales totaling 14,280 shares of Class A common stock on November 2, 2026. The three reported transactions involved 1,268 shares at a weighted average price of $32.7880, 11,061 at $33.6840, and 1,951 at $34.3770 per share.

How many Toast (TOST) shares did Jonathan Vassil acquire through options?

Vassil exercised options to acquire 14,280 shares of Class A common stock on November 2, 2026, at an exercise price of $2.2100 per share. He also reported sales of 14,280 shares that day.

What were the reported price ranges for Jonathan Vassil's Toast (TOST) sales?

The individual sale prices ranged from $32.21 to $33.20 inclusive for 1,268 shares, $33.22 to $34.20 inclusive for 11,061 shares, and $34.22 to $34.62 inclusive for 1,951 shares.

How many Toast (TOST) options were reported after the exercise?

The derivative holding row reports 257,311 stock options following the November 2, 2026 transaction. The options were fully vested and exercisable as of that date, carried an exercise price of $2.2100 per share, and expire April 21, 2030.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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).

X

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^*

Vassil Jonathan

(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)
	Chief Revenue Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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	11/02/2026		M(1)		14,280	A	$2.21	91,704	D
Class A Common Stock	11/02/2026		S(1)		1,268	D	$32.788(2)	90,436	D
Class A Common Stock	11/02/2026		S(1)		11,061	D	$33.684(3)	79,375	D
Class A Common Stock	11/02/2026		S(1)		1,951	D	$34.377(4)	77,424	D
Class A Common Stock								84,269	I	The Jonathan S. Vassil Grantor Retained Annuity Trust #1

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
Stock Option (Right to Buy)	$2.21	11/02/2026		M(1)			14,280	(5)	04/21/2030	Class A Common Stock	14,280	$0	257,311	D

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.21 to $33.20 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.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.22 to $34.20 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.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.22 to $34.62 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.

5. The shares subject to this option are fully vested and exercisable as of the date hereof.

Remarks:

	/s/ Xing Yan as Attorney-in-Fact for Jonathan Vassil	11/04/2026
	** 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)