Toast, Inc. Officer Files Form 144 to Sell $230K in Class A Stock Under 10b5-1 Plan

Overview

On October 5, 2026, Jonathan S. Vassil, an Officer at Toast, Inc. (NYSE: TOST), submitted a Form 144 notice disclosing an intention to sell 7,623 shares of Class A Common Stock through Fidelity Brokerage Services LLC. The aggregate market value of the proposed transaction is $230,166.75, representing an implied share price of approximately $30.19.

Transaction Details

• Acquisition Origin: The shares are to be acquired on October 5, 2026, directly from the issuer via a stock option exercise paid in cash.
• Trading Plan: The proposed sale is executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on March 13, 2026.
• Relative Scale: The 7,623 shares represent a negligible fraction of Toast, Inc.'s 514,000,000 shares outstanding.

Recent Trading Activity

In the preceding three months, the insider executed multiple sales under the same program:

• July 2026: 14,320 shares sold across three transactions totaling ~$431.5K.
• August 2026: 118,188 shares sold across five transactions totaling ~$4.23M (including an 85,280 share tranche on August 21 for ~$3.10M).
• September/October 2026: 27,745 shares sold across two transactions totaling ~$883.8K.

Market Impact & Significance

This filing represents a continuation of a systematic Rule 10b5-1 exercise-and-sell schedule. Because the execution is routine, options-driven, and governed by a trading plan adopted over six months prior, the transaction carries Low direct market signaling significance.