Toast, Inc. (TOST) CRO discloses share sale and option exercise

Rhea-AI Filing Summary

Toast, Inc. reported insider equity transactions by its Chief Revenue Officer, Jonathan Vassil, on 01/05/2026. He sold 4,787 shares of Class A common stock at $34.377 per share to cover tax withholding on vesting and settlement of RSUs, which the filing explains was not a discretionary trade. After this sale, he held 79,802 Class A shares.

On the same date, Vassil exercised a stock option to acquire 58,610 Class A shares at an exercise price of $2.21 per share, increasing his direct holdings to 138,412 Class A shares. The option exercise was carried out under a Rule 10b5-1 trading plan adopted on September 11, 2025, and the filing states that the option shares are fully vested and exercisable. Following these transactions, he also held 328,751 derivative securities in the form of stock options.

Insider Trade Summary

Net Seller: 4,787 shares ($164,563)

Net Sell 3 txns

Insider Vassil Jonathan

Role Chief Revenue Officer

Sold 4,787 shs ($165K)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	58,610	$0.00	--
Sale	Class A Common Stock	4,787	$34.377	$165K
Exercise	Class A Common Stock	58,610	$2.21	$130K

Holdings After Transaction: Stock Option (Right to Buy) — 328,751 shares (Direct); Class A Common Stock — 79,802 shares (Direct)

Footnotes (1)

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. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 11, 2025. The shares subject to this option are fully vested and exercisable as of the date hereof.

Form 4 Insider Transactions: What Each Field Means →

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 MA 02210

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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

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

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

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	01/05/2026		S(1)		4,787	D	$34.377	79,802	D
Class A Common Stock	01/05/2026		M(2)		58,610	A	$2.21	138,412	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
Stock Option (Right to Buy)	$2.21	01/05/2026		M(2)			58,610	(3)	04/21/2030	Class A Common Stock	58,610	$0	328,751	D

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.

2. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 11, 2025.

3. 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	01/06/2026
	** 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.

FAQ

What insider transaction did Toast, Inc. (TOST) report for January 5, 2026?

The report shows that Chief Revenue Officer Jonathan Vassil sold 4,787 shares of Class A common stock and exercised a stock option for 58,610 Class A shares on 01/05/2026.

Who is the reporting person in this Toast, Inc. Form 4 filing?

The reporting person is Jonathan Vassil, who is identified as an Officer of Toast, Inc. with the title Chief Revenue Officer.

At what prices did the Toast, Inc. insider transactions occur on January 5, 2026?

The filing reports a sale of Class A common stock at $34.377 per share and a stock option exercise with an exercise price of $2.21 per share.

Why were 4,787 Toast, Inc. shares sold by the Chief Revenue Officer?

The 4,787 shares were sold to cover tax withholding obligations related to the vesting and settlement of RSUs and are described as not being a discretionary trade.

Was the Toast, Inc. insider transaction made under a Rule 10b5-1 trading plan?

Yes. The filing states that the option transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 11, 2025.

How many Toast, Inc. Class A shares did the insider own after the reported transactions?

After the reported transactions, the filing shows that the reporting person directly owned 138,412 shares of Toast, Inc. Class A common stock.

What derivative securities related to Toast, Inc. does the insider hold after these transactions?

The filing shows that the reporting person held 328,751 derivative securities in the form of stock options following the reported transactions, with the option related to 58,610 shares noted as fully vested and exercisable.