Form 4: Toast Inc. Executive James Michael Matlock Reports Stock Transactions

Principal Accounting Officer James Michael Matlock reports acquisition and disposal of Toast, Inc. Class A Common Stock related to RSU vesting.

Summary

• On April 1, 2024, James Michael Matlock, Principal Accounting Officer of Toast, Inc., acquired 3,166 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs).
• Also on April 1, 2024, 3,166 Restricted Stock Units converted into Class A Common Stock on a one-for-one basis.
• On April 2, 2024, Matlock disposed of 1,205 shares of Class A Common Stock at a price of $23.396 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Matlock directly owns 40,954 shares of Class A Common Stock and 37,983 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, ensuring fair market practices.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased number of shares in the market, but the effect is likely negligible given the relatively small volume.

Key Dates