Form 4: Toast Inc. Chief Revenue Officer Jonathan Vassil Reports Stock Transactions

Jonathan Vassil, Chief Revenue Officer of Toast, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On April 1, 2024, Jonathan Vassil, the Chief Revenue Officer of Toast, Inc., had 4,748 Restricted Stock Units (RSUs) vest, which converted into Class A Common Stock on a one-for-one basis.
• Following the vesting, Vassil sold 2,282 shares of Class A Common Stock on April 2, 2024, at a price of $23.396 per share to cover tax withholding obligations.
• After these transactions, Vassil beneficially owns 25,422 shares of Class A Common Stock and 56,975 Restricted Stock Units.
• The RSUs vest in sixteen equal quarterly installments following April 1, 2023.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares.

Key Dates