Toast, Inc. Co-Founder & Director Files Form 144 for RSU Tax Withholding

Insider Filing Overview

On October 2, 2026, Stephen Fredette, an Officer and Director of Toast, Inc. ($TOST), filed a Form 144 notice proposing the sale of 9,368 shares of Class A Common Stock with an estimated aggregate market value of $274,987.33 (approximately $29.35 per share).

Key Details & Nature of Transaction

• Acquisition Origin: The shares were acquired on October 1, 2026, via restricted stock vesting as part of equity compensation.
• Purpose of Sale: The filing notes indicate that the sale includes amounts required to satisfy tax obligations resulting from the settlement of the vested equity awards (commonly known as sell-to-cover).
• Prior Activity: Fredette previously sold 9,146 shares on July 2, 2026, generating gross proceeds of $263,854.78.
• Market Impact: With 514 million shares outstanding, this sale of 9,368 shares represents a negligible portion of the company's equity base.

Market & Trading Significance

This filing carries Low trading significance. It reflects standard quarterly equity vesting and routine sell-to-cover tax obligations rather than a discretionary divestment indicating sentiment shifts on Toast, Inc.'s operational outlook.