Form 4: Toast General Counsel Sells Shares for Tax Obligations

Toast, Inc.'s General Counsel, Brian R. Elworthy, sold 1,059 shares of Class A Common Stock at $35.539 per share to cover tax withholding obligations related to RSU vesting.

Summary

• Brian R. Elworthy, General Counsel of Toast, Inc., sold 1,059 shares of Class A Common Stock.
• The transaction occurred on November 4, 2025, at a price of $35.539 per share.
• The sale was non-discretionary and executed to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• Following the transaction, Elworthy directly holds 229,017 shares and indirectly holds 39,368 shares through the Brian R. Elworthy Irrevocable Trust of 2019.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary sale of shares by an insider to cover tax obligations related to RSU vesting. This is a neutral event with no significant positive or negative implications for the company or its stock price.

Industry Context

This is a routine insider transaction for tax purposes and does not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary sale for tax purposes and does not indicate a change in management's confidence or operational strategy.

Key Dates

Keywords

Toast Inc, TOST, SEC Form 4, Insider Trading, Stock Sale, Tax Withholding, RSU Vesting, Brian R. Elworthy, General Counsel