TOST.NYSEToast, INC

Form 4: Toast Inc. Executive Jonathan Vassil Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Chief Revenue Officer Jonathan Vassil reports the vesting of restricted stock units and conversion into Class A Common Stock.

Summary

  • On January 1, 2025, Jonathan Vassil, Chief Revenue Officer of Toast, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
  • Vassil converted 4,748 RSUs into Class A Common Stock and also converted 4,987 RSUs into Class A Common Stock.
  • Following these transactions, Vassil directly owns 44,582 shares of Class A Common Stock and 49,569 shares of Class A Common Stock.
  • Vassil also holds 42,731 and 64,824 Restricted Stock Units.
  • The RSUs vest in sixteen equal quarterly installments following April 1, 2023 and April 1, 2024 respectively.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, typical for executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the increase in the number of outstanding shares.

Key Dates

DateDescription
April 1, 2023Start date for vesting of some Restricted Stock Units in sixteen equal quarterly installments.
April 1, 2024Start date for vesting of some Restricted Stock Units in sixteen equal quarterly installments.
January 1, 2025Date of reported transactions: conversion of RSUs into Class A Common Stock.
January 3, 2025Date of signature on the Form 4 filing.

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