Toast (NYSE: TOST) CEO sells shares for RSU tax withholding after vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Toast, Inc. CEO Aman Narang reported routine equity compensation activity and a related tax sale of company stock. On July 2, 2026, he sold 14,365 shares of Class A Common Stock at $28.849 per share, with a footnote stating the sale was required to cover tax withholding obligations from Restricted Stock Unit (RSU) vesting and was not a discretionary trade.
On July 1, 2026, a total of 30,803 RSUs converted into Class A Common Stock at a $0.00 exercise price on a one-for-one basis. Following these direct transactions, Narang held 70,451 Class A shares directly, in addition to indirect holdings through entities such as Starlight 2026 Trust LLC, The Narang Family Trust, and Starlight 2026 Charitable Remainder Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,365 shares ($414,416)
Net Sell
12 txns
Insider
Narang Aman
Role
CEO
Sold
14,365 shs ($414K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 14,365 | $28.849 | $414K |
| Exercise | Restricted Stock Units | 6,330 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,597 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,574 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,302 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,330 | $0.00 | -- |
| Exercise | Class A Common Stock | 12,597 | $0.00 | -- |
| Exercise | Class A Common Stock | 8,574 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,302 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 70,451 shares (Direct, null);
Restricted Stock Units — 18,992 shares (Direct, null);
Class A Common Stock — 300,000 shares (Indirect, Starlight 2026 Charitable Remainder Trust)
Footnotes (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. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2026.
Key Figures
Shares sold: 14,365 shares
Sale price per share: $28.849 per share
RSUs converted: 30,803 RSUs
+4 more
7 metrics
Shares sold
14,365 shares
Class A Common Stock sold on July 2, 2026 at $28.849 to cover tax withholding
Sale price per share
$28.849 per share
Price for 14,365 Class A shares sold on July 2, 2026
RSUs converted
30,803 RSUs
Restricted Stock Units converting into Class A Common Stock on July 1, 2026
Direct shares after transactions
70,451 shares
Direct Class A Common Stock holdings following reported transactions
Indirect holding – Starlight 2026 Trust LLC
100,750 shares
Class A Common Stock held indirectly through Starlight 2026 Trust LLC as of July 1, 2026
Indirect holding – Narang Family Trust
200,000 shares
Class A Common Stock held indirectly through The Narang Family Trust as of July 1, 2026
Indirect holding – Charitable Remainder Trust
300,000 shares
Class A Common Stock held indirectly through Starlight 2026 Charitable Remainder Trust as of July 1, 2026
Key Terms
Restricted Stock Units, tax withholding obligations, Class A Common Stock, charitable remainder trust, +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 upon vesting and 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.
tax withholding obligations financial
"Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs"
Class A Common Stock financial
"The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement."
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.
charitable remainder trust financial
"Starlight 2026 Charitable Remainder Trust"
quarterly installments financial
"The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023."
FAQ
What insider transactions did Toast (TOST) CEO Aman Narang report?
Toast CEO Aman Narang reported RSU vesting that converted 30,803 Restricted Stock Units into Class A Common Stock and a related sale of 14,365 shares. The sale was identified as covering tax withholding obligations tied to the RSU vesting rather than a discretionary stock trade.
How do Toast (TOST) RSUs convert into Class A Common Stock for the CEO?
The filing explains that Toast Restricted Stock Units held by Aman Narang convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. Several RSU grants vest in sixteen equal quarterly installments following April 1 of 2023, 2024, 2025, and 2026, respectively.
What indirect Toast (TOST) holdings are associated with the CEO?
In addition to direct holdings, the filing lists indirect ownership entries for Aman Narang through Starlight 2026 Trust LLC, The Narang Family Trust, and Starlight 2026 Charitable Remainder Trust, with each entity shown holding Toast Class A Common Stock as of July 1, 2026.