Form 4: Toast Inc. Executive Jonathan Vassil Reports Stock Transactions
SEC Form 4 Filing
Chief Revenue Officer Jonathan Vassil reports acquisition and disposal of Toast Inc. Class A Common Stock related to RSU vesting.
Summary
- On November 1, 2024, Jonathan Vassil, Chief Revenue Officer of Toast, Inc., acquired 2,935 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs).
- Also on November 1, 2024, 2,935 Restricted Stock Units converted into Class A Common Stock.
- On November 4, 2024, Vassil disposed of 1,367 shares of Class A Common Stock at a price of $31.078 per share to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Vassil directly owns 39,834 shares of Class A Common Stock and 14,671 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock transactions related to executive compensation.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/01/2022 | Start date for RSU vesting in sixteen equal quarterly installments |
| 11/01/2024 | Acquisition of 2,935 shares of Class A Common Stock through RSU vesting |
| 11/04/2024 | Disposal of 1,367 shares of Class A Common Stock to cover tax obligations |
| 11/05/2024 | Date of Form 4 signature |
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