SEC Form 4 · accession 0001650164-26-000148
Toast, Inc. · TOST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Vassil
Officer — Chief Revenue Officer
Period of report
Jul 1, 2026
Accepted (ET)
Jul 6, 2026 · 4:43 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001650164
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Jul 1, 2026 | M | 4,748 | — | A | 67,097 | D | |
| Class A Common StockF1 | Jul 1, 2026 | M | 4,986 | — | A | 72,083 | D | |
| Class A Common StockF1 | Jul 1, 2026 | M | 3,430 | — | A | 75,513 | D | |
| Class A Common StockF1 | Jul 1, 2026 | M | 1,100 | — | A | 76,613 | D | |
| Class A Common Stock | Jul 2, 2026 | S | 6,647 | $28.849 | D | 69,966 | D | |
| Class A Common StockF2 | holding | — | — | — | 84,269 | I | The Jonathan S. Vassil Grantor Retained Annuity Trust #1 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4 | — | Jul 1, 2026 | M | 4,748 | D | — | — | Class A Common Stock | 4,748 | 14,244 | D |
| Restricted Stock UnitsF1,F5 | — | Jul 1, 2026 | M | 4,986 | D | — | — | Class A Common Stock | 4,986 | 34,906 | D |
| Restricted Stock UnitsF1,F6 | — | Jul 1, 2026 | M | 3,430 | D | — | — | Class A Common Stock | 3,430 | 37,727 | D |
| Restricted Stock UnitsF1,F7 | — | Jul 1, 2026 | M | 1,100 | D | — | — | Class A Common Stock | 1,100 | 16,513 | D |
Explanation of responses
- F1The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- F2Reflects a prior transfer of 84,269 shares of Class A Common Stock from the Reporting Person to The Jonathan S. Vassil Grantor Retained Annuity Trust #1. The transfer constituted only a change in the form of beneficial ownership and was exempt under Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
- F3Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person.
- F4The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.
- F5The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.
- F6The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.
- F7The RSUs shall vest in sixteen equal quarterly installments following April 1, 2026.