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

Jonathan Vassil, Chief Revenue Officer of Toast, Inc., reports the vesting and sale of Class A Common Stock to cover tax obligations.

Summary

• On August 1, 2024, Jonathan Vassil, the Chief Revenue Officer of Toast, Inc., had 2,934 Class A Common Stock vest from Restricted Stock Units (RSUs).
• These RSUs convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
• On August 2, 2024, Mr. Vassil sold 1,541 shares of Class A Common Stock at a price of $24.001 per share.
• This sale was to cover tax withholding obligations related to the vesting of the RSUs and was not a discretionary trade.
• Following these transactions, Mr. Vassil directly owns 33,312 shares of Class A Common Stock and 17,606 Restricted Stock Units.
• The RSUs vest in sixteen equal quarterly installments following February 1, 2022.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the increased supply of shares, but the amount is relatively small.

Key Dates