Toast CEO Aman Narang sells 14,713 shares for taxes

Q: How many TOST shares did CEO Aman Narang sell, and at what price?

Aman Narang sold 14,713 Class A common shares at $29.354 per share on October 2, 2026. The shares were required to cover tax withholding obligations and were not a discretionary trade; no Rule 10b5-1 plan is reported.

Q: How many TOST RSUs converted into shares?

30,805 restricted stock units converted into Class A common shares one-for-one upon vesting and settlement on October 1, 2026.

Q: How many Class B shares does Aman Narang own in TOST?

Aman Narang reported owning 18,612,840 shares of Class B common stock. Each Class B share is convertible at any time into one Class A common share.

Toast's CEO had 30,805 RSUs settle into Class A shares, alongside a separate 14,713-share sale for tax withholding.

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Rhea-AI Filing Summary

Toast, Inc. CEO Aman Narang reported 30,805 restricted stock units converting one-for-one into Class A common shares upon vesting and settlement on October 1, 2026. On October 2, he sold 14,713 Class A shares at $29.354 per share to cover required tax withholding; the sale was not discretionary, and no Rule 10b5-1 plan is reported. Narang also reported owning 18,612,840 Class B shares, each convertible at any time into one Class A share. Indirect holdings listed include 200,000 Class A shares in The Narang Family Trust and 100,750 in Starlight 2026 Trust LLC.

Insights

Analyzing...

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 11 txns

Insider Narang Aman

Role CEO

Sold 14,713 shs ($432K)

Approx. gross sale proceeds $432K

Type	Security	Shares	Price	Value
Sale	Class A Common Stock ^F2	14,713	$29.354	$432K
Exercise	Restricted Stock Units ^{F1, F3}	6,331	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F4}	12,598	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F5}	8,574	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F6}	3,302	$0.00	$0.00
Exercise	Class A Common Stock ^F1	6,331	--	--
Exercise	Class A Common Stock ^F1	12,598	--	--
Exercise	Class A Common Stock ^F1	8,574	--	--
Exercise	Class A Common Stock ^F1	3,302	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 220,224 contracts (Direct); Class A Common Stock — 86,543 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 (6)

F1. The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2. 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.
F3. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.
F4. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.
F5. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.
F6. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2026.

Key Figures

Class A shares sold: 14,713 shares Sale price: $29.354 per share RSUs converted into Class A shares: 30,805 shares +3 more

6 metrics

Class A shares sold 14,713 shares Sale on October 2, 2026, to cover tax withholding obligations

Sale price $29.354 per share Class A common stock sale on October 2, 2026

RSUs converted into Class A shares 30,805 shares Vesting and settlement on October 1, 2026

Class B common stock 18,612,840 shares Aman Narang's reported ownership; each share is convertible at any time into one Class A share

Class A shares held by The Narang Family Trust 200,000 shares Indirect holding entry dated October 1, 2026

Class A shares held by Starlight 2026 Trust LLC 100,750 shares Indirect holding entry dated October 1, 2026

Key Terms

Restricted Stock Units, vesting and settlement, tax withholding obligations, Class B common stock

4 terms

Restricted Stock Units financial

"Restricted Stock Units ("RSUs") convert into Class A Common Stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting and settlement financial

"upon vesting and settlement"

tax withholding obligations financial

"to cover tax withholding obligations"

Class B common stock financial

"shares of Class B common stock of the Issuer"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

FAQ

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

How many TOST shares did CEO Aman Narang sell, and at what price?

Aman Narang sold 14,713 Class A common shares at $29.354 per share on October 2, 2026. The shares were required to cover tax withholding obligations and were not a discretionary trade; no Rule 10b5-1 plan is reported.

How many TOST RSUs converted into shares?

30,805 restricted stock units converted into Class A common shares one-for-one upon vesting and settlement on October 1, 2026.

How many Class B shares does Aman Narang own in TOST?

Aman Narang reported owning 18,612,840 shares of Class B common stock. Each Class B share is convertible at any time into one Class A common share.

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

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Available on EDGAR 10/05/2026 - 04:33 PM Accepted by SEC EDGAR 10/05/2026 - 04:32 PM

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^*

Narang Aman

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	10/01/2026		M		6,331	A	⁽¹⁾	76,782	D
Class A Common Stock	10/01/2026		M		12,598	A	⁽¹⁾	89,380	D
Class A Common Stock	10/01/2026		M		8,574	A	⁽¹⁾	97,954	D
Class A Common Stock	10/01/2026		M		3,302	A	⁽¹⁾	101,256	D
Class A Common Stock	10/02/2026		S⁽²⁾		14,713	D	$29.354	86,543	D
Class A Common Stock								200,000	I	The Narang Family Trust
Class A Common Stock								100,750	I	Starlight 2026 Trust LLC

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	10/01/2026		M			6,331	⁽³⁾	⁽³⁾	Class A Common Stock	6,331	$0	12,661	D
Restricted Stock Units	⁽¹⁾	10/01/2026		M			12,598	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	12,598	$0	75,584	D
Restricted Stock Units	⁽¹⁾	10/01/2026		M			8,574	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	8,574	$0	85,744	D
Restricted Stock Units	⁽¹⁾	10/01/2026		M			3,302	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	3,302	$0	46,235	D

Explanation of Responses:

1. The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.

2. 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.

3. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.

4. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.

5. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.

6. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2026.

Remarks:

As of the date of this Form 4, the Reporting Person also owns 18,612,840 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.

	/s/ Xing Yan as Attorney-in-Fact for Aman Narang	10/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR