Toast, Inc. Officer Files Form 144 Notice for $468K Planned Sale

Executive Summary

On September 2, 2026, Jonathan Vassil, an Officer at Toast, Inc. ($TOST), filed a Form 144 notice proposing the sale of 14,280 shares of Class A Common Stock through Fidelity Brokerage Services LLC. The aggregate market value of the proposed transaction is $468,241.20 (an implied price of ~$32.79 per share).

Transaction & Plan Details

• Securities to be Sold: 14,280 Class A shares.
• Acquisition Source: Stock option exercise directly from the issuer for cash on September 2, 2026.
• Trading Plan: Executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on March 13, 2026.
• Past 3 Months Activity: The filer reported multiple prior sales between July and August 2026 totaling 152,955 shares for aggregate gross proceeds of over $5.2 million.

Significance & Market Impact

The trading significance is rated Low because the proposed transaction is executed under a pre-scheduled Rule 10b5-1 plan and represents a standard option exercise and sale mechanism.