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

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

Summary

• On May 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).
• Also on May 1, 2024, 2,152 RSUs were converted into Class A Common Stock.
• On May 2, 2024, Elworthy sold 651 shares of Class A Common Stock at a price of $22.96 per share to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Elworthy directly owns 164,384 shares of Class A Common Stock and indirectly owns 78,736 shares through the Brian R. Elworthy Irrevocable Trust of 2019, as well as 15,062 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions by an insider to cover tax obligations, which is a routine event.

Industry Context

This 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 key personnel within Toast, Inc.

Key Dates