Toast (NYSE: TOST) CFO converts RSUs and sells shares to cover taxes

Rhea-AI Filing Summary

Toast, Inc. President and CFO Elena Gomez reported routine equity compensation activity involving restricted stock units (RSUs) and related share sales for taxes. On April 1, 2026, RSUs converted into Class A Common Stock on a one-for-one basis upon vesting and settlement.

In connection with these RSU vestings, 8,929 shares of Class A Common Stock were sold at $26.187 per share to cover tax withholding obligations, which the filing states was not a discretionary trade. After these transactions, Gomez directly held 173,064 shares of Toast Class A Common Stock.

Insider Trade Summary

Net Seller: 8,929 shares ($233,824)

Net Sell 7 txns

Insider Gomez Elena

Role President, CFO

Sold 8,929 shs ($234K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	8,929	$26.187	$234K
Exercise	Restricted Stock Units	6,331	$0.00	--
Exercise	Restricted Stock Units	6,317	$0.00	--
Exercise	Restricted Stock Units	4,716	$0.00	--
Exercise	Class A Common Stock	6,331	$0.00	--
Exercise	Class A Common Stock	6,317	$0.00	--
Exercise	Class A Common Stock	4,716	$0.00	--

Holdings After Transaction: Class A Common Stock — 173,064 shares (Direct); Restricted Stock Units — 25,322 shares (Direct)

Footnotes (1)

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

Key Figures

Shares sold for taxes: 8,929 shares Sale price: $26.187 per share RSUs converted: 17,364 RSUs +3 more

6 metrics

Shares sold for taxes 8,929 shares Class A Common Stock sold at $26.187 per share to cover tax withholding

Sale price $26.187 per share Price for 8,929 Toast Class A shares sold on April 2, 2026

RSUs converted 17,364 RSUs Restricted Stock Units converting into Class A Common Stock on April 1, 2026

Shares held after transactions 173,064 shares Toast Class A Common Stock directly owned by Elena Gomez following transactions

Derivative exercises 3 transactions; 17,364 shares Exercise or conversion of RSUs into Class A Common Stock

Net share change from buy/sell -8,929 shares Net-sell direction from reported open-market/tax-related sale activity

Key Terms

Restricted Stock Units, tax withholding obligations, derivative security, Class A Common Stock, +1 more

5 terms

Restricted Stock Units financial

"The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis"

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.

tax withholding obligations financial

"Represents shares required to be sold ... to cover tax withholding obligations in connection with the vesting"

derivative security financial

"transaction_action": "derivative exercise/conversion", "transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Class A Common Stock financial

"The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis"

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 and settlement financial

"convert into Class A Common Stock on a one-for-one basis upon vesting and settlement"

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^*

Gomez Elena

(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)
	President, CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/01/2026		M		6,331	A	(1)	170,960	D
Class A Common Stock	04/01/2026		M		6,317	A	(1)	177,277	D
Class A Common Stock	04/01/2026		M		4,716	A	(1)	181,993	D
Class A Common Stock	04/02/2026		S(2)		8,929	D	$26.187	173,064	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	(1)	04/01/2026		M			6,331	(3)	(3)	Class A Common Stock	6,331	$0	25,322	D
Restricted Stock Units	(1)	04/01/2026		M			6,317	(4)	(4)	Class A Common Stock	6,317	$0	50,529	D
Restricted Stock Units	(1)	04/01/2026		M			4,716	(5)	(5)	Class A Common Stock	4,716	$0	56,591	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.

Remarks:

	/s/ Xing Yan as Attorney-in-Fact for Elena Gomez	04/03/2026
	** 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 transaction did Toast (TOST) CFO Elena Gomez report?

Elena Gomez reported RSU vesting and related share sales. Restricted Stock Units converted into Class A shares, and a portion of shares was sold solely to cover tax withholding obligations, as disclosed, rather than as a discretionary market trade.

How many Toast (TOST) shares did the CFO sell, and at what price?

The CFO sold 8,929 shares of Toast Class A Common Stock at $26.187 per share. The filing explains these shares were required to be sold to satisfy tax withholding obligations arising from RSU vesting and settlement, not from a discretionary stock sale.

How many Toast (TOST) RSUs did Elena Gomez have convert into shares?

A total of 17,364 Restricted Stock Units converted into Toast Class A Common Stock. The RSUs convert on a one-for-one basis upon vesting and settlement, reflecting equity compensation that vests over time in equal quarterly installments from 2023, 2024, and 2025 grant dates.

What is Elena Gomez’s Toast (TOST) shareholding after these transactions?

After the reported transactions, Elena Gomez directly held 173,064 shares of Toast Class A Common Stock. This figure reflects her position following both the RSU conversions into shares and the required sale of a portion of shares to cover related tax withholding obligations.

How do Toast (TOST) CFO’s RSUs vest according to the filing?

The filing states that certain RSUs vest in sixteen equal quarterly installments following April 1, 2023, others following April 1, 2024, and additional RSUs following April 1, 2025. Upon vesting and settlement, each RSU converts into one share of Class A Common Stock.