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Toast (NYSE: TOST) director granted 8,888 RSUs and converts prior units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Toast, Inc. director Susan Chapman-Hughes reported stock-based compensation and related conversions rather than open-market trading. On June 12, 2026, she received a grant of 8,888 Restricted Stock Units (RSUs), which each represent one future share of Class A Common Stock and are scheduled to vest in full on the earlier of June 12, 2027 or the next annual stockholder meeting following the grant date.

On the same date, 5,256 previously granted RSUs vested in full and converted into an equivalent number of Class A Common Stock units, and 5,256 Deferred Stock Units (DSUs) were credited under Toast’s Deferred Compensation Program, remaining payable after her service as a board member ends. Following these derivative transactions, the filing shows 14,968 stock-based units associated with her position, reflecting routine director equity compensation and deferred awards.

Positive

  • None.

Negative

  • None.
Insider Chapman-Hughes Susan
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 5,256 $0.00 --
Exercise Deferred Stock Units 5,256 $0.00 --
Grant/Award Restricted Stock Units 8,888 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Deferred Stock Units — 14,968 shares (Direct, null)
Footnotes (1)
  1. The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and deferred settlement. The RSUs vested in full on June 12, 2026. Not Applicable. Represents Deferred Stock Units ("DSUs") under the Toast, Inc. (the "Company") Deferred Compensation Program. Each DSU is the economic equivalent of one share of Company's Class A Common Stock. The DSUs become payable after the Reporting Person's termination of service as a board member. The RSUs shall vest in full on the earlier of 1) June 12, 2027 and 2) the next annual meeting of the Issuer's stockholders following the grant date.
New RSU grant 8,888 units Restricted Stock Units granted June 12, 2026
New RSU vesting date June 12, 2027 RSUs vest on earlier of June 12, 2027 or next annual meeting
Previously granted RSUs vested 5,256 units RSUs vested in full on June 12, 2026
Deferred Stock Units credited 5,256 units DSUs under Deferred Compensation Program, payable after board service ends
Total stock-based units after transactions 14,968 units Total shares following derivative transactions in Form 4
Derivative exercises 10,512 units Exercise or conversion of derivative securities on June 12, 2026
Restricted Stock Units financial
"The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and deferred settlement."
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.
Deferred Stock Units financial
"Represents Deferred Stock Units ("DSUs") under the Toast, Inc. Deferred Compensation Program."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Class A Common Stock financial
"Each DSU is the economic equivalent of one share of Company's Class A Common Stock."
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.
Deferred Compensation Program financial
"Represents Deferred Stock Units ("DSUs") under the Toast, Inc. (the "Company") Deferred Compensation Program."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Chapman-Hughes Susan
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)06/12/2026M5,256 (2) (3)Class A Common Stock5,256$00D
Deferred Stock Units$0(4)06/12/2026M5,256 (4) (3)Class A Common Stock5,256$014,968D
Restricted Stock Units$0(1)06/12/2026A8,888 (5) (3)Class A Common Stock8,888$08,888D
Explanation of Responses:
1. The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and deferred settlement.
2. The RSUs vested in full on June 12, 2026.
3. Not Applicable.
4. Represents Deferred Stock Units ("DSUs") under the Toast, Inc. (the "Company") Deferred Compensation Program. Each DSU is the economic equivalent of one share of Company's Class A Common Stock. The DSUs become payable after the Reporting Person's termination of service as a board member.
5. The RSUs shall vest in full on the earlier of 1) June 12, 2027 and 2) the next annual meeting of the Issuer's stockholders following the grant date.
Remarks:
/s/ Monica Kleinman as Attorney-in-Fact for Susan Chapman-Hughes06/16/2026
** Signature of Reporting PersonDate
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

FAQ

What insider transactions did Susan Chapman-Hughes report for Toast (TOST)?

She reported only equity awards and conversions, not open-market trades. On June 12, 2026 she received 8,888 Restricted Stock Units, converted 5,256 previously granted RSUs, and recorded 5,256 Deferred Stock Units under Toast’s Deferred Compensation Program.

How many Restricted Stock Units did the Toast (TOST) director receive and when do they vest?

She received 8,888 Restricted Stock Units on June 12, 2026. These RSUs will vest in full on the earlier of June 12, 2027 or the next annual meeting of Toast’s stockholders following the grant date, according to the filing’s footnotes.

What happened to Susan Chapman-Hughes’ previously granted RSUs at Toast (TOST)?

Previously granted RSUs totaling 5,256 units vested in full on June 12, 2026. Upon vesting, they converted one-for-one into Toast Class A Common Stock equivalents, and the RSU derivative position for that grant was reduced to zero in the filing.

What are the Deferred Stock Units reported by the Toast (TOST) director?

The filing shows 5,256 Deferred Stock Units under Toast’s Deferred Compensation Program. Each DSU is the economic equivalent of one share of Class A Common Stock and becomes payable only after the director’s termination of service as a board member.

Does this Toast (TOST) Form 4 show any open-market stock purchases or sales?

No, it does not report open-market buying or selling. All transactions involve stock-based compensation: an RSU grant, RSU vesting and conversion, and Deferred Stock Units credited under a deferred compensation arrangement, with no indicated market trades in Toast shares.

How many stock-based units does the Toast (TOST) director hold after these transactions?

After the June 12, 2026 transactions, the filing reflects 14,968 stock-based units. This total comes from 8,888 Restricted Stock Units following the new grant and 5,256 Deferred Stock Units credited under the company’s Deferred Compensation Program for the director.