Form 4: Toast Inc. Chief Revenue Officer Jonathan Vassil Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jonathan Vassil, Chief Revenue Officer of Toast, Inc., sold 3,009 shares of Class A Common Stock on January 3, 2025, to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
Summary
- On January 3, 2025, Jonathan Vassil, the Chief Revenue Officer of Toast, Inc., sold 3,009 shares of Class A Common Stock.
- The sale was executed at a price of $37.107 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting and settlement of RSUs.
- Following the transaction, Vassil directly owns 46,560 shares of Toast, Inc.
- The sale was not a discretionary trade by the Reporting Person.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes on vested RSUs) and does not indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of stock sale transaction |
| 01/06/2025 | Date of signature on the Form 4 filing |
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