Toast, Inc. President & CFO Disposes Shares to Cover Tax Obligations

Executive Summary

On October 5, 2026, Toast, Inc. ($TOST) filed a Form 4 on behalf of Elena Gomez, President and Chief Financial Officer, detailing transactions occurring on October 1 and October 2, 2026. The filing reports the vesting of 23,693 Class A Common Stock Restricted Stock Units (RSUs) and a subsequent mandatory sale of 11,886 shares to satisfy tax withholding obligations.

Transaction Breakdown

• RSU Acquisitions (Code M): On October 1, 2026, Gomez acquired 23,693 shares across four tranches of RSUs (6,331; 6,316; 4,716; and 6,330 shares) upon scheduled quarterly vesting dates from grants made between 2023 and 2026.
• Tax Withholding Sale (Code S): On October 2, 2026, 11,886 shares were sold at an average price of $29.354 per share, generating an aggregate value of approximately $348,891.64.
• Holdings Post-Transaction: Following these transactions, Gomez directly owns 171,957 shares of Class A Common Stock, representing a net increase in her direct equity position.

Significance & Market Context

The trading significance of this filing is categorized as Low. Footnote disclosures indicate that the sale was nondiscretionary, executed solely to satisfy tax withholding obligations triggered by the settlement of RSUs. Since it does not represent an open-market discretionary divestment, the filing conveys standard compensation execution rather than any change in executive sentiment.