Director Paul D. Bell receives Toast (TOST) RSU grant and converts prior units

Rhea-AI Filing Summary

Toast, Inc. director Paul D. Bell reported equity compensation activity involving Class A Common Stock and Restricted Stock Units (RSUs). On June 12, 2026, a previously granted RSU award for 5,256 units vested in full and was converted into 5,256 shares of Class A Common Stock, bringing his directly held common stock to 232,148 shares.

On the same date, Bell received a new grant of 8,888 RSUs, each convertible into one share of Class A Common Stock upon future vesting and settlement. These RSUs are scheduled to vest in full on the earlier of June 12, 2027 or the next annual meeting of Toast’s stockholders following the grant date. The transactions are compensation-related awards and exercises rather than open-market purchases or sales.

Insider Trade Summary

5,256 shares exercised/converted

Mixed 3 txns

Insider BELL PAUL D

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	5,256	$0.00	--
Grant/Award	Restricted Stock Units	8,888	$0.00	--
Exercise	Class A Common Stock	5,256	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 232,148 shares (Direct, null)

Footnotes (1)

1. The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. The RSUs vested in full on June 12, 2026. Not Applicable. The RSUs shall vest in full on the earlier of 1) June 12, 2027 and 2) the next annual meeting of the Issuer's stockholders following the grant date.

Key Figures

RSUs vested and converted: 5,256 shares Shares held after transactions: 232,148 shares New RSU grant: 8,888 RSUs +2 more

5 metrics

RSUs vested and converted 5,256 shares Previously granted RSUs vesting on June 12, 2026

Shares held after transactions 232,148 shares Class A Common Stock directly held by Paul D. Bell

New RSU grant 8,888 RSUs Award granted June 12, 2026, convertible 1-for-1 into Class A

RSU vesting date June 12, 2027 Vests on earlier of this date or next annual stockholder meeting

RSU conversion ratio 1 RSU : 1 share RSUs convert into Class A Common Stock on a one-for-one basis

Key Terms

Restricted Stock Units, Class A Common Stock, vesting, annual meeting of the Issuer's stockholders

4 terms

Restricted Stock Units financial

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

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.

Class A Common Stock financial

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

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

vesting financial

"The RSUs vested in full on June 12, 2026."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

annual meeting of the Issuer's stockholders financial

"The RSUs shall vest in full on the earlier of 1) June 12, 2027 and 2) the next annual meeting of the Issuer's stockholders following the grant date."

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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).

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^*

BELL PAUL D

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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	06/12/2026		M		5,256	A	$0(1)	232,148	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
Restricted Stock Units	$0(1)	06/12/2026		M			5,256	(2)	(3)	Class A Common Stock	5,256	$0	0	D
Restricted Stock Units	$0(1)	06/12/2026		A		8,888		(4)	(3)	Class A Common Stock	8,888	$0	8,888	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. The RSUs vested in full on June 12, 2026.

3. Not Applicable.

4. The RSUs shall vest in full on the earlier of 1) June 12, 2027 and 2) the next annual meeting of the Issuer's stockholders following the grant date.

Remarks:

	/s/ Monica Kleinman as Attorney-in-Fact for Paul D. Bell	06/16/2026
	** 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)

FAQ

What insider transactions did Toast (TOST) director Paul D. Bell report?

Paul D. Bell reported equity compensation activity, not open-market trades. Previously granted RSUs for 5,256 shares vested and converted into Class A Common Stock, and he received a new grant of 8,888 RSUs tied to future vesting.

How many Toast (TOST) shares does Paul D. Bell hold after these transactions?

After the June 12, 2026 transactions, Paul D. Bell directly holds 232,148 shares of Toast Class A Common Stock. This reflects the conversion of 5,256 previously granted RSUs into shares as part of his director equity compensation.

What are the terms of Paul D. Bell’s new RSU grant at Toast (TOST)?

Bell received 8,888 Restricted Stock Units, each convertible into one share of Class A Common Stock. These RSUs vest in full on the earlier of June 12, 2027, or the next annual meeting of Toast’s stockholders following the grant date.

Did Paul D. Bell buy or sell Toast (TOST) shares on the open market?

The filing shows no open-market buying or selling. All reported transactions are equity compensation events: vesting and conversion of 5,256 RSUs into shares and a new grant of 8,888 RSUs, both at a stated price of $0.00 per unit.

How do the vested Toast (TOST) RSUs affect Paul D. Bell’s position?

The vesting and conversion of 5,256 RSUs increased Bell’s directly held Class A Common Stock to 232,148 shares. This reflects routine settlement of director equity awards rather than discretionary trading activity in Toast’s stock.