Toast insider Rossana Niola sells 1,128 shares

The shares were required to be sold to cover tax withholding tied to RSU vesting and settlement, rather than as a discretionary trade.

Available on EDGAR 11/04/2026 - 04:34 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:34 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Toast, Inc. Principal Accounting Officer Rossana Niola sold 1,128 shares of Class A common stock on November 3, 2026, at $33.4550 per share. She directly held 6,480 shares after the sale. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 1,128 shares

Net Sell 1 txn

Insider Niola Rossana

Role Principal Accounting Officer

Sold 1,128 shs ($38K)

Share of Position Sold 14.8%

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	1,128	$33.455	$38K

Holdings After Transaction: Class A Common Stock — 6,480 shares (Direct)

Holdings Before and After: Class A Common Stock, 7,608 to 6,480 shares (Direct)

Other Insiders: 1 other insider 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.

Key Figures

Shares sold: 1,128 shares Sale price: $33.4550 per share Direct shares held after sale: 6,480 shares

3 metrics

Shares sold 1,128 shares Sale on November 3, 2026

Sale price $33.4550 per share Sale on November 3, 2026

Direct shares held after sale 6,480 shares After the November 3, 2026 sale

Key Terms

tax withholding obligations, vesting and settlement, RSUs, discretionary trade

4 terms

tax withholding obligations financial

"cover tax withholding obligations in connection with the vesting"

vesting and settlement financial

"in connection with the vesting and settlement of RSUs"

RSUs financial

"settlement of RSUs"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

discretionary trade financial

"does not represent a discretionary trade"

FAQ

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

How many Toast (TOST) shares did Rossana Niola sell, and at what price?

Rossana Niola, Toast's Principal Accounting Officer, sold 1,128 shares on November 3, 2026, at $33.4550 per share. The shares were required to be sold to cover tax withholding obligations tied to RSU vesting and settlement; the transaction was not discretionary.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Niola Rossana

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

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	11/03/2026		S(1)		1,128	D	$33.455	6,480	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:

	/s/ Xing Yan, as Attorney-in-Fact for Rossana Niola	11/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)