Form 4: Toast Inc. General Counsel Brian Elworthy Reports Stock Transactions

Brian Elworthy, General Counsel of Toast, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units to cover tax obligations.

Summary

• On November 1, 2024, Brian Elworthy, General Counsel of Toast, Inc., acquired 2,152 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• On November 4, 2024, Elworthy sold 1,006 shares of Class A Common Stock at a price of $31.078 per share to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Elworthy directly owns 178,982 shares of Class A Common Stock and indirectly owns 78,736 shares through the Brian R. Elworthy Irrevocable Trust of 2019.
• Elworthy also directly owns 10,759 Restricted Stock Units (RSUs) which convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. The sale of shares to cover tax obligations is a common practice and doesn't necessarily indicate a positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives and their potential alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and related to tax obligations.

Key Dates