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

Jonathan Vassil, Chief Revenue Officer of Toast, Inc., reports the vesting and sale of Class A Common Stock to cover tax obligations.

Summary

• On May 1, 2025, Jonathan Vassil, the Chief Revenue Officer of Toast, Inc., had 2,934 Restricted Stock Units (RSUs) vest and convert into Class A Common Stock.
• Following this transaction, Vassil directly owns 56,613 shares of Class A Common Stock.
• On May 2, 2025, Vassil sold 1,393 shares at $36.09 per share to cover tax withholding obligations related to the RSU vesting.
• After the sale, Vassil directly owns 55,220 shares of Class A Common Stock.
• Vassil also directly owns 8,803 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 officer, with no indication of 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 provide transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Form 4, Toast Inc., Jonathan Vassil, Chief Revenue Officer, Stock Transaction, Restricted Stock Units, Class A Common Stock, Vesting, Tax Withholding