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 acquisition and disposal of Class A Common Stock and derivative securities.
Summary
- On December 31, 2024, Brian R. Elworthy exercised stock options to acquire 22,745 shares of Class A Common Stock at a price of $2.21.
- On January 1, 2025, Elworthy converted 1,250, 3,482, and 3,989 Restricted Stock Units (RSUs) into Class A Common Stock.
- Following these transactions, Elworthy directly owns 210,448 shares of Class A Common Stock and indirectly owns 78,736 shares through the Brian R. Elworthy Irrevocable Trust of 2019.
- He also holds 404,755 stock options and varying amounts of RSUs with different vesting schedules.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/21/2020 | Start date for vesting of some stock options in twenty equal quarterly installments over five years. |
| 07/01/2022 | Initial vesting date (25%) for some Restricted Stock Units, with the remainder vesting in equal quarterly installments over the following three years. |
| 04/01/2023 | Start date for vesting of some Restricted Stock Units in sixteen equal quarterly installments. |
| 04/01/2024 | Start date for vesting of some Restricted Stock Units in sixteen equal quarterly installments. |
| 12/31/2024 | Date of stock option exercise for 22,745 shares at $2.21. |
| 01/01/2025 | Date of RSU conversions into Class A Common Stock. |
| 01/03/2025 | Date of Form 4 filing. |
| 04/21/2030 | Expiration date for some stock options. |
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