Form 4: Toast Inc. CFO Elena Gomez Reports Stock Transactions

Elena Gomez, CFO of Toast, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On May 1, 2024, Elena Gomez, the Chief Financial Officer of Toast, Inc., had 3,912 Restricted Stock Units (RSUs) vest and convert into Class A Common Stock.
• Following this transaction, Ms. Gomez directly owns 191,521 shares of Class A Common Stock.
• On May 2, 2024, Ms. Gomez sold 2,041 shares at a price of $22.96 per share to cover tax withholding obligations related to the RSU vesting.
• After the sale, Ms. Gomez directly owns 189,480 shares of Class A Common Stock.
• Ms. Gomez also holds 27,386 derivative securities in the form of Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The sale of shares to cover tax obligations is a normal part of executive compensation and is unlikely to have a significant impact on other stakeholders.

Key Dates