Toast revenue chief Jonathan Vassil sells 7,623 shares

Q: How many TOST shares did Jonathan Vassil sell, and at what price?

Jonathan Vassil sold 7,623 Class A shares on October 5, 2026, at a weighted average price of $30.194 per share; reported sale prices ranged from $30 to $30.68 inclusive. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted March 13, 2026.

Q: Were the TOST options Jonathan Vassil exercised fully vested?

Yes. The footnote states that the options covering 7,623 shares were fully vested and exercisable as of the date hereof.

The Chief Revenue Officer's transactions were effected under a Rule 10b5-1 plan adopted March 13, 2026.

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Rhea-AI Filing Summary

On October 5, 2026, Toast, Inc. Chief Revenue Officer Jonathan Vassil exercised options to acquire 7,623 Class A shares at $2.21 per share, then sold 7,623 shares at a weighted average price of $30.194 per share; sale prices ranged from $30 to $30.68 inclusive. The transactions were effected under a Rule 10b5-1 trading plan adopted March 13, 2026. His reported stock-option position following the exercise was 271,591 options, and the Jonathan S. Vassil Grantor Retained Annuity Trust #1 held 84,269 Class A shares.

Insider Trade Summary 10b5-1

Exercise and Sale: 7,623 shares ($213K approx. pre-tax spread)

Exercise and Sale 4 txns

Insider Vassil Jonathan

Role Chief Revenue Officer

Sold 7,623 shs ($230K)

Approx. gross sale proceeds $230K

Approx. exercise cost $17K

Approx. pre-tax spread $213K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy) ^{F1, F3}	7,623	$0.00	$0.00
Exercise	Class A Common Stock ^F1	7,623	$2.21	$17K
Sale	Class A Common Stock ^{F1, F2}	7,623	$30.194	$230K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 271,591 contracts (Direct); Class A Common Stock — 77,424 shares (Direct); Class A Common Stock — 84,269 shares (Indirect, The Jonathan S. Vassil Grantor Retained Annuity Trust #1)

Footnotes (3)

F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026.
F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30 to $30.68 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
F3. The shares subject to this option are fully vested and exercisable as of the date hereof.

Key Figures

Options exercised: 7,623 options Exercise price: $2.21 per share Shares sold: 7,623 shares +4 more

7 metrics

Options exercised 7,623 options October 5, 2026

Exercise price $2.21 per share Options exercised October 5, 2026

Shares sold 7,623 shares October 5, 2026

Weighted average sale price $30.194 per share Sale on October 5, 2026

Sale price range $30 to $30.68 per share Inclusive range for the October 5, 2026 sale

Stock options following exercise 271,591 options Reported following the October 5, 2026 exercise

Trust-held Class A shares 84,269 shares Held by the Jonathan S. Vassil Grantor Retained Annuity Trust #1

Key Terms

Rule 10b5-1 trading plan, weighted average price, fully vested and exercisable

3 terms

Rule 10b5-1 trading plan regulatory

"effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The reported price in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

fully vested and exercisable technical

"fully vested and exercisable as of the date hereof"

FAQ

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

How many TOST shares did Jonathan Vassil sell, and at what price?

Jonathan Vassil sold 7,623 Class A shares on October 5, 2026, at a weighted average price of $30.194 per share; reported sale prices ranged from $30 to $30.68 inclusive. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted March 13, 2026.

Were the TOST options Jonathan Vassil exercised fully vested?

Yes. The footnote states that the options covering 7,623 shares were fully vested and exercisable as of the date hereof.

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

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Available on EDGAR 10/06/2026 - 04:51 PM Accepted by SEC EDGAR 10/06/2026 - 04:50 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^*

Vassil Jonathan

(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)
	Chief Revenue Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/05/2026

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	10/05/2026		M⁽¹⁾		7,623	A	$2.21	85,047	D
Class A Common Stock	10/05/2026		S⁽¹⁾		7,623	D	$30.194⁽²⁾	77,424	D
Class A Common Stock								84,269	I	The Jonathan S. Vassil Grantor Retained Annuity Trust #1

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)
Stock Option (Right to Buy)	$2.21	10/05/2026		M⁽¹⁾			7,623	⁽³⁾	04/21/2030	Class A Common Stock	7,623	$0	271,591	D

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30 to $30.68 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.

3. The shares subject to this option are fully vested and exercisable as of the date hereof.

Remarks:

	/s/ Xing Yan as Attorney-in-Fact for Jonathan Vassil	10/06/2026
	** 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