Toast CEO sells 1,648 shares in tax sale

Toast, Inc. CEO Aman Narang reported a small tax-related share sale.

Accepted by SEC EDGAR 02/04/2026 - 04:35 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Toast, Inc. CEO Aman Narang reported a small tax-related share sale. On February 3, 2026, he sold 1,648 shares of Class A common stock at $30.345 per share, specifically to cover tax withholding obligations from vesting RSUs, not as a discretionary trade.

After this transaction, he directly holds 340,723 Class A shares and also owns 18,912,840 shares of Class B common stock, each convertible into one Class A share.

Insider Trade Summary

Net Seller: 1,648 shares

Net Sell 1 txn

Insider Narang Aman

Role CEO

Sold 1,648 shs ($50K)

Share of Position Sold 0.48%

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,648	$30.345	$50K

Holdings After Transaction: Class A Common Stock — 340,723 shares (Direct)

Holdings Before and After: Class A Common Stock, 342,371 to 340,723 shares (Direct)

Other Insiders: 4 other insiders reported open-market sales of this stock in the 30 days up to this filing.

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.

FAQ

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What insider transaction did Toast (TOST) report for CEO Aman Narang?

Toast reported that CEO Aman Narang sold 1,648 shares of Class A common stock at $30.345 per share. The sale was made to cover tax withholding obligations related to vesting RSUs, according to the filing’s footnote.

Was Aman Narang’s Toast (TOST) share sale a discretionary trade?

No. The filing states the 1,648 Toast Class A shares were sold to satisfy tax withholding obligations from the vesting and settlement of RSUs. It explicitly notes this transaction does not represent a discretionary trade by the reporting person.

How many Toast (TOST) Class A shares does the CEO hold after this Form 4?

After selling 1,648 Class A shares, CEO Aman Narang beneficially owns 340,723 Class A shares directly. This figure is reported in the Form 4 as the amount of Class A common stock held following the reported transaction.

What is the sale price reported in the Toast (TOST) Form 4 transaction?

The Form 4 shows that the 1,648 Class A shares were sold at a price of $30.345 per share. This per-share sale price is listed in the non-derivative securities transaction table within the filing.

How many Toast (TOST) Class B shares does the CEO own?

The remarks section states that, as of the filing date, the reporting person owns 18,912,840 shares of Toast Class B common stock. Each Class B share is convertible at any time into one share of Toast Class A common stock.

What roles does Aman Narang hold at Toast (TOST) according to the Form 4?

The Form 4 identifies Aman Narang as both a director and an officer of Toast, serving in the role of Chief Executive Officer. These roles are indicated in the relationship section for the reporting person in the filing.

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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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/03/2026		S(1)		1,648	D	$30.345	340,723	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:

As of the date of this Form 4, the Reporting Person also owns 18,912,840 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	02/04/2026
	** 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.