A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 9 filings in this group are Form 4s for Toast, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 9 insider filings shown, the breakdown is 9 open-market sale. 9 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market sale
Insider Selling
2026-10-06
TOST insider Vassil Jonathan (Chief Revenue Officer) sold 7,623 shares (~$230.2K)
Vassil Jonathan, listed as Chief Revenue Officer at Toast, Inc., reported an open-market sale of 7,623 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
7,623 |
$2.21 |
$16.8K |
S |
Open-market sale
|
7,623 |
$30.19 |
$230.2K |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
7,623 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Vassil Jonathan (Chief Revenue Officer)
Shares: 7,623
Est. Value: $230.2K
Form 4
Open-market sale
Insider Selling
2026-10-05
TOST insider Gomez Elena (President, CFO) sold 11,886 shares (~$348.9K)
Gomez Elena, listed as President, CFO at Toast, Inc., reported an open-market sale of 11,886 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
6,331 |
— |
— |
M |
Option exercise
|
6,316 |
— |
— |
M |
Option exercise
|
4,716 |
— |
— |
M |
Option exercise
|
6,330 |
— |
— |
S |
Open-market sale
|
11,886 |
$29.35 |
$348.9K |
M |
Option exercise
derivative · Restricted Stock Units
|
6,331 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
6,316 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
4,716 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
6,330 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Gomez Elena (President, CFO)
Shares: 11,886
Est. Value: $348.9K
Form 4
Open-market sale
Insider Selling
2026-10-05
TOST insider Fredette Stephen (Director, President) sold 9,368 shares (~$275.0K)
Fredette Stephen, listed as Director, President at Toast, Inc., reported an open-market sale of 9,368 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
5,698 |
— |
— |
M |
Option exercise
|
5,652 |
— |
— |
M |
Option exercise
|
3,858 |
— |
— |
M |
Option exercise
|
4,403 |
— |
— |
S |
Open-market sale
|
9,368 |
$29.35 |
$275.0K |
M |
Option exercise
derivative · Restricted Stock Units
|
5,698 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
5,652 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
3,858 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
4,403 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Fredette Stephen (Director, President)
Shares: 9,368
Est. Value: $275.0K
Form 4
Open-market sale
Insider Selling
2026-10-05
TOST insider Narang Aman (Director, CEO) sold 14,713 shares (~$431.9K)
Narang Aman, listed as Director, CEO at Toast, Inc., reported an open-market sale of 14,713 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
6,331 |
— |
— |
M |
Option exercise
|
12,598 |
— |
— |
M |
Option exercise
|
8,574 |
— |
— |
M |
Option exercise
|
3,302 |
— |
— |
S |
Open-market sale
|
14,713 |
$29.35 |
$431.9K |
M |
Option exercise
derivative · Restricted Stock Units
|
6,331 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
12,598 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
8,574 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
3,302 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Narang Aman (Director, CEO)
Shares: 14,713
Est. Value: $431.9K
Form 4
Open-market sale
Insider Selling
2026-10-05
TOST insider Elworthy Brian R (General Counsel) sold 6,507 shares (~$191.0K)
Elworthy Brian R, listed as General Counsel at Toast, Inc., reported an open-market sale of 6,507 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
3,482 |
— |
— |
M |
Option exercise
|
3,989 |
— |
— |
M |
Option exercise
|
2,572 |
— |
— |
M |
Option exercise
|
3,578 |
— |
— |
S |
Open-market sale
|
6,507 |
$29.35 |
$191.0K |
M |
Option exercise
derivative · Restricted Stock Units
|
3,482 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
3,989 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
2,572 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
3,578 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Elworthy Brian R (General Counsel)
Shares: 6,507
Est. Value: $191.0K
Form 4
Open-market sale
Insider Selling
2026-10-05
TOST insider Vassil Jonathan (Chief Revenue Officer) sold 13,465 shares (~$399.8K)
Vassil Jonathan, listed as Chief Revenue Officer at Toast, Inc., reported an open-market sale of 13,465 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
4,748 |
— |
— |
M |
Option exercise
|
4,987 |
— |
— |
M |
Option exercise
|
3,430 |
— |
— |
M |
Option exercise
|
1,101 |
— |
— |
S |
Open-market sale
|
6,808 |
$29.35 |
$199.8K |
M |
Option exercise
|
6,657 |
$2.21 |
$14.7K |
S |
Open-market sale
|
6,657 |
$30.03 |
$199.9K |
M |
Option exercise
derivative · Restricted Stock Units
|
4,748 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
4,987 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
3,430 |
— |
— |
M |
Option exercise
derivative · Restricted Stock Units
|
1,101 |
— |
— |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
6,657 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Vassil Jonathan (Chief Revenue Officer)
Shares: 13,465
Est. Value: $399.8K
Form 4
Open-market sale
Insider Selling
2026-09-04
TOST insider Vassil Jonathan (Chief Revenue Officer) sold 14,280 shares (~$484.1K)
Vassil Jonathan, listed as Chief Revenue Officer at Toast, Inc., reported an open-market sale of 14,280 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
14,280 |
$2.21 |
$31.6K |
S |
Open-market sale
|
5,100 |
$33.54 |
$171.1K |
S |
Open-market sale
|
9,180 |
$34.09 |
$313.0K |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
14,280 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Vassil Jonathan (Chief Revenue Officer)
Shares: 14,280
Est. Value: $484.1K
Form 4
Open-market sale
Insider Selling
2026-08-25
TOST insider Vassil Jonathan (Chief Revenue Officer) sold 85,280 shares (~$3.10M)
Vassil Jonathan, listed as Chief Revenue Officer at Toast, Inc., reported an open-market sale of 85,280 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
47,673 |
$17.38 |
$828.6K |
M |
Option exercise
|
37,607 |
$17.33 |
$651.7K |
S |
Open-market sale
|
85,280 |
$36.34 |
$3.10M |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
47,673 |
— |
— |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
37,607 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Vassil Jonathan (Chief Revenue Officer)
Shares: 85,280
Est. Value: $3.10M
Form 4
Open-market sale
Insider Selling
2026-08-21
TOST insider Vassil Jonathan (Chief Revenue Officer) sold 13,931 shares (~$501.7K)
Vassil Jonathan, listed as Chief Revenue Officer at Toast, Inc., reported an open-market sale of 13,931 TOST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
7,399 |
$17.38 |
$128.6K |
M |
Option exercise
|
6,532 |
$17.33 |
$113.2K |
S |
Open-market sale
|
13,931 |
$36.01 |
$501.7K |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
7,399 |
— |
— |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
6,532 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Vassil Jonathan (Chief Revenue Officer)
Shares: 13,931
Est. Value: $501.7K