Toast, Inc. General Counsel Disposes 6,507 Shares to Cover Tax Obligations

Insider Filing Analysis: Toast, Inc. ($TOST)

Summary of Activity

On October 5, 2026, Brian R. Elworthy, General Counsel of Toast, Inc., filed a Form 4 detailing transactions executed on October 1 and October 2, 2026:

• RSU Vesting: On October 1, 2026, an aggregate of 13,621 Restricted Stock Units (RSUs) vested and settled into Class A Common Stock on a one-for-one basis across four separate grant vintages.
• Tax Withholding Disposition: On October 2, 2026, the reporting person sold 6,507 shares of Class A Common Stock at a price of $29.354 per share, resulting in gross proceeds of approximately $191,006.48.

Nature of Transaction & Trading Significance

• Significance: Low
• Context: Footnote 2 specifies that the disposition represents shares required to be sold by the Reporting Person to satisfy tax withholding obligations associated with the vesting and settlement of RSUs. It does not reflect a discretionary open-market sale or a strategic reduction in long-term exposure.

Post-Transaction Holdings

• Direct Ownership: 204,023 shares of Class A Common Stock.
• Indirect Ownership: 39,368 shares held by the Brian R. Elworthy Irrevocable Trust of 2019.
• Remaining Unvested RSUs: 106,709 RSUs across multiple tranches scheduled to vest quarterly.