Gomez Elena 4

What Happened

• Elena Gomez, President and Chief Financial Officer of Toast, reported the vesting/settlement of 3,913 restricted stock units (RSUs) on Feb 1, 2026. The RSUs converted one-for-one into 3,913 Class A common shares (transaction code M – conversion/exercise of derivative).
• The filing also shows a simultaneous reported disposition of 3,913 shares at $0.00. A $0.00 disposal on RSU settlement is typically the company withholding shares to cover tax withholding or other statutory withholdings, not an open-market sale.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (timely; Form 4s are due within two business days).
• Acquired: 3,913 shares via conversion/settlement of RSUs (no purchase price).
• Disposed: 3,913 shares at $0.00 (reported as a derivative disposition).
• Footnotes: F1 – RSUs convert one-for-one into Class A common stock on vesting/settlement. F2 – These RSUs vest in 16 equal quarterly installments following Feb 1, 2022 (this appears to be one scheduled installment).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This is a routine vesting/settlement of RSUs rather than a market buy or sale. The $0.00 disposal normally reflects shares withheld to satisfy tax withholding obligations at vesting, which is administrative and not a market-directed sale.
• For retail investors, RSU conversions and share-withholding for taxes are common and typically do not signal an insider trading view of the company’s near-term prospects.