Vassil Jonathan 4

What Happened Vassil Jonathan, Chief Revenue Officer of Toast, had 2,935 restricted stock units (RSUs vest and convert) settle into 2,935 shares on February 1, 2026. The Form 4 records the conversion/acquisition of 2,935 shares (derivative conversion) and a simultaneous disposition of 2,935 shares reported at $0.00. The acquisition is not a cash purchase or an open-market sale — it reflects RSU vesting/settlement rather than a market trade.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (timely filing).
• Acquired: 2,935 shares via conversion/settlement of RSUs (reported as derivative activity).
• Disposed: 2,935 shares at $0.00 (reported in the filing; the Form 4 does not specify the reason for the $0 disposition).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes from the filing:
  • F1: RSUs convert into Class A common stock on a one-for-one basis upon vesting/settlement.
  • F2: The RSUs vest in 16 equal quarterly installments beginning February 1, 2022 — Feb 1, 2026 corresponds to the final installment of that schedule.
• Transaction code: M (reported as exercise/conversion of a derivative instrument).

Context

• This was an RSU vest/settlement event, not a purchase or open-market sale. Such filings often show shares withheld or surrendered to cover taxes; the $0.00 disposition here may reflect that practice, but the Form 4 does not specify details.
• For retail investors, awards/vests indicate compensation realization by an insider but are not direct buys/sells that signal market conviction.