Toast (NYSE: TOST) CRO receives new stock options and RSU awards

Rhea-AI Filing Summary

Toast, Inc. Chief Revenue Officer Jonathan Vassil received new equity awards in the form of stock options and restricted stock units. He was granted options covering 29,066 shares of Class A common stock at an exercise price of $28.90 per share, expiring on March 10, 2036. He also received 17,613 restricted stock units that will settle into an equal number of Class A shares upon vesting and settlement. Both the options and RSUs vest in sixteen equal quarterly installments following April 1, 2026. After these awards, his directly held Class A common stock position is reported at 139,893 shares.

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

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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^*

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)
03/10/2026

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								139,893	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)	$28.9	03/10/2026		A		29,066		(1)	03/10/2036	Class A Common Stock	29,066	$0	29,066	D
Restricted Stock Units	(2)	03/10/2026		A		17,613		(3)	(3)	Class A Common Stock	17,613	$0	17,613	D

Explanation of Responses:

1. The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2026.

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

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

Remarks:

	/s/ Xing Yan as Attorney-in-Fact for Jonathan Vassil	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Toast (TOST) Chief Revenue Officer Jonathan Vassil report on this Form 4?

Jonathan Vassil reported receiving new equity awards from Toast, Inc. The filing shows grants of stock options and restricted stock units tied to Class A common stock, along with his updated direct share holdings after these compensation awards.

How many stock options did Jonathan Vassil receive from Toast (TOST) and at what price?

He received options for 29,066 shares of Toast Class A common stock at an exercise price of $28.90 per share. These options represent a long-term incentive that must vest before exercise and expire on March 10, 2036.

What restricted stock unit (RSU) grant did Toast (TOST) award to Jonathan Vassil?

Toast granted Jonathan Vassil 17,613 restricted stock units. These RSUs convert into an equal number of Class A common shares upon vesting and settlement, providing stock-based compensation that aligns his interests with long-term company performance.

How do Jonathan Vassil’s Toast (TOST) stock options and RSUs vest over time?

Both the stock options and RSUs vest in sixteen equal quarterly installments following April 1, 2026. This schedule spreads vesting over several years, encouraging long-term service and performance alignment with Toast’s business objectives and shareholder interests.

What is Jonathan Vassil’s reported Toast (TOST) Class A common stock holding after these grants?

After the reported transactions, his direct holdings of Toast Class A common stock are disclosed as 139,893 shares. This figure reflects his ownership position separate from the newly granted options and RSUs, which will deliver shares only as they vest and are exercised or settled.

Are these Toast (TOST) Form 4 transactions open‑market buys or sales?

No, the filing shows compensation-related grants, not open‑market trades. The Form 4 codes classify them as awards of stock options and RSUs, meaning they were issued by Toast as part of his compensation rather than purchased or sold in the market.