Toast general counsel sells 6,507 shares for taxes

Q: How many TOST shares did Toast's general counsel sell, and at what price?

Brian R. Elworthy, Toast's General Counsel, sold 6,507 Class A shares on October 2, 2026, at $29.3540 per share. The shares were required to be sold to cover tax withholding obligations, and the transaction was not discretionary; no Rule 10b5-1 plan is reported.

Q: How many TOST restricted stock units converted into shares?

On October 1, 2026, 13,621 restricted stock units converted one-for-one into Class A common stock across four reported vesting and settlement entries.

Toast's General Counsel's reported share sale was required to cover RSU tax withholding, not a discretionary trade.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

At Toast, Inc., General Counsel Brian R. Elworthy reported the one-for-one conversion of 13,621 restricted stock units into Class A common stock on October 1, 2026. On October 2, he sold 6,507 shares at $29.3540 per share; the shares were required to be sold to cover tax withholding obligations, and the sale was not discretionary. No Rule 10b5-1 plan is reported. A separate reported holding was 39,368 Class A shares held indirectly by the Brian R. Elworthy Irrevocable Trust of 2019 as of October 1, 2026.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 10 txns

Insider Elworthy Brian R

Role General Counsel

Sold 6,507 shs ($191K)

Approx. gross sale proceeds $191K

Type	Security	Shares	Price	Value
Sale	Class A Common Stock ^F2	6,507	$29.354	$191K
Exercise	Restricted Stock Units ^{F1, F3}	3,482	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F4}	3,989	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F5}	2,572	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F6}	3,578	$0.00	$0.00
Exercise	Class A Common Stock ^F1	3,482	--	--
Exercise	Class A Common Stock ^F1	3,989	--	--
Exercise	Class A Common Stock ^F1	2,572	--	--
Exercise	Class A Common Stock ^F1	3,578	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 106,709 contracts (Direct); Class A Common Stock — 204,023 shares (Direct); Class A Common Stock — 39,368 shares (Indirect, By the Brian R. Elworthy Irrevocable Trust of 2019)

Footnotes (6)

F1. The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
F2. 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.
F3. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.
F4. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.
F5. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.
F6. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2026.

Key Figures

Restricted stock units converted: 13,621 shares Shares sold: 6,507 shares Sale price: $29.3540 per share +1 more

4 metrics

Restricted stock units converted 13,621 shares Converted one-for-one into Class A common stock on October 1, 2026

Shares sold 6,507 shares Toast General Counsel Brian R. Elworthy; October 2, 2026

Sale price $29.3540 per share Sale on October 2, 2026

Indirect trust holding 39,368 Class A shares Held by the Brian R. Elworthy Irrevocable Trust of 2019 as of October 1, 2026

Key Terms

Restricted Stock Units, vesting and settlement, tax withholding obligations, one-for-one basis

4 terms

Restricted Stock Units financial

"The Restricted Stock Units ("RSUs") convert into Class A Common Stock"

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.

vesting and settlement financial

"upon vesting and settlement"

tax withholding obligations financial

"to cover tax withholding obligations"

one-for-one basis financial

"convert into Class A Common Stock on a one-for-one basis"

FAQ

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

How many TOST shares did Toast's general counsel sell, and at what price?

Brian R. Elworthy, Toast's General Counsel, sold 6,507 Class A shares on October 2, 2026, at $29.3540 per share. The shares were required to be sold to cover tax withholding obligations, and the transaction was not discretionary; no Rule 10b5-1 plan is reported.

How many TOST restricted stock units converted into shares?

On October 1, 2026, 13,621 restricted stock units converted one-for-one into Class A common stock across four reported vesting and settlement entries.

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

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Available on EDGAR 10/05/2026 - 04:32 PM Accepted by SEC EDGAR 10/05/2026 - 04:32 PM

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^*

Elworthy Brian R

(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)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	10/01/2026		M		3,482	A	⁽¹⁾	200,391	D
Class A Common Stock	10/01/2026		M		3,989	A	⁽¹⁾	204,380	D
Class A Common Stock	10/01/2026		M		2,572	A	⁽¹⁾	206,952	D
Class A Common Stock	10/01/2026		M		3,578	A	⁽¹⁾	210,530	D
Class A Common Stock	10/02/2026		S⁽²⁾		6,507	D	$29.354	204,023	D
Class A Common Stock								39,368	I	By the Brian R. Elworthy Irrevocable Trust of 2019

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	10/01/2026		M			3,482	⁽³⁾	⁽³⁾	Class A Common Stock	3,482	$0	6,964	D
Restricted Stock Units	⁽¹⁾	10/01/2026		M			3,989	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	3,989	$0	23,935	D
Restricted Stock Units	⁽¹⁾	10/01/2026		M			2,572	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	2,572	$0	25,723	D
Restricted Stock Units	⁽¹⁾	10/01/2026		M			3,578	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	3,578	$0	50,087	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.

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

Remarks:

	/s/ Xing Yan as Attorney-in-Fact for Brian R. Elworthy	10/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR