Toast (NYSE: TOST) CFO converts RSUs and sells shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Toast, Inc. President and CFO Elena Gomez reported routine equity compensation activity involving restricted stock units (RSUs) and related share sales for taxes. On April 1, 2026, RSUs converted into Class A Common Stock on a one-for-one basis upon vesting and settlement.
In connection with these RSU vestings, 8,929 shares of Class A Common Stock were sold at $26.187 per share to cover tax withholding obligations, which the filing states was not a discretionary trade. After these transactions, Gomez directly held 173,064 shares of Toast Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,929 shares ($233,824)
Net Sell
7 txns
Insider
Gomez Elena
Role
President, CFO
Sold
8,929 shs ($234K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,929 | $26.187 | $234K |
| Exercise | Restricted Stock Units | 6,331 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,317 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,716 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,331 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,317 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,716 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 173,064 shares (Direct);
Restricted Stock Units — 25,322 shares (Direct)
Footnotes (1)
- The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs, and does not represent a discretionary trade by the Reporting Person. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024. The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.
Key Figures
Shares sold for taxes: 8,929 shares
Sale price: $26.187 per share
RSUs converted: 17,364 RSUs
+3 more
6 metrics
Shares sold for taxes
8,929 shares
Class A Common Stock sold at $26.187 per share to cover tax withholding
Sale price
$26.187 per share
Price for 8,929 Toast Class A shares sold on April 2, 2026
RSUs converted
17,364 RSUs
Restricted Stock Units converting into Class A Common Stock on April 1, 2026
Shares held after transactions
173,064 shares
Toast Class A Common Stock directly owned by Elena Gomez following transactions
Derivative exercises
3 transactions; 17,364 shares
Exercise or conversion of RSUs into Class A Common Stock
Net share change from buy/sell
-8,929 shares
Net-sell direction from reported open-market/tax-related sale activity
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security, Class A Common Stock, +1 more
5 terms
Restricted Stock Units financial
"The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares required to be sold ... to cover tax withholding obligations in connection with the vesting"
derivative security financial
"transaction_action": "derivative exercise/conversion", "transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting and settlement financial
"convert into Class A Common Stock on a one-for-one basis upon vesting and settlement"
FAQ
What insider transaction did Toast (TOST) CFO Elena Gomez report?
Elena Gomez reported RSU vesting and related share sales. Restricted Stock Units converted into Class A shares, and a portion of shares was sold solely to cover tax withholding obligations, as disclosed, rather than as a discretionary market trade.
How do Toast (TOST) CFO’s RSUs vest according to the filing?
The filing states that certain RSUs vest in sixteen equal quarterly installments following April 1, 2023, others following April 1, 2024, and additional RSUs following April 1, 2025. Upon vesting and settlement, each RSU converts into one share of Class A Common Stock.