Form 4: Toast Inc. Executive Brian R. Elworthy Reports Stock Transactions
SEC Form 4 Filing
Brian R. Elworthy, General Counsel of Toast, Inc., reports the vesting of restricted stock units and subsequent conversion into Class A Common Stock.
Summary
- On February 1, 2025, Brian R. Elworthy, General Counsel of Toast, Inc., had 2,152 Restricted Stock Units (RSUs) vest and convert into Class A Common Stock.
- This transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Elworthy directly owns 209,859 shares of Class A Common Stock and indirectly owns 78,736 shares through the Brian R. Elworthy Irrevocable Trust of 2019.
- He also holds 8,607 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| February 1, 2022 | Initial date for RSU vesting, with vesting occurring in sixteen equal quarterly installments. |
| February 1, 2025 | Date of the reported transaction: vesting of 2,152 RSUs and conversion to Class A Common Stock. |
| February 4, 2025 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.